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 > 7.70 Ca

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Comment by flashcashon Apr 26, 2020 12:45am

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Post# 30954206

RE:RE:RE:7.70 Ca

YetAnother1 wrote:

flashcash wrote:

montybissett wrote: is the price of nickel. If this mess can lighten up dramatically. I imagine the world will go on another spending spree of infrastructure. If that comes to fruition and mines are shut down for a period, prices might get going. If not the price we see today is a high point. If the Dems can drag weekend with joe over, or should I say their VP over finish line they will really crank up the spending and EV battery business. Hopefully out of gold in a year and out of Nickel in 2. I might have said that before. Dont forget the Grass nickel as it is the icing on the top for WM and the future

glta

My money is on a buyout of Wally/Bally and a spin out of the nickel assets with plenty of cash to support them, time frame late this year to early next year.

I agree about the spin co.
The buyer will just want fenelon.
The spin co. holds everything else with very little cash.
There is a danger that WM shareholders get less because there will be a value attributed to everything else. And imo Everything else is not worth too much