Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

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Balmoral Resources Ltd > Cash pile

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Comment by awacs1on Oct 24, 2019 12:17pm

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Post# 30264879

RE:RE:RE:RE:Cash pile

The placement confirms that the price will stick at .17 until well into November. And management has no incentive to make any upbeat NRs until late in the month. Agreed they should focus on the prospects that have some momentum. The current rise in the price of Pb and Zn suggest that from a strategic perspective, these other areas will have value but the horizon is far off for these projects. In the near term, load up before the placement blanket is lifted.

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