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Balmoral Resources Ltd BALMF

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.


OTCQX:BALMF - Post by User

Comment by Chaulkduston May 05, 2020 11:11am
372 Views
Post# 30987742

RE:DW is a passenger

RE:DW is a passengerYes, Monty – You nail it with ever post you make. It’s been a frustrating slog for us long time BAR shareholders. But now it is finally over (I hope) with the WM buy out. Yes we were had by BAR management and they milked the cow dry. At least the BAR assets in the ground will get transferred to a company that has proven to be able to exploit good ground. Good riddance to the BAR management . Looks like I will dispose of my massive Nickel Warehouses (sarc), pickup trucks, explosives, picks and shovels. After trying and failing to get rid of the management for years it finally will happen. Fortunately, I did see the writing on the wall and did acquire some WM shares along the way before the buyout. If you ever go to a PDAC let me know and we can meet up. My plans going forward are to wait for the merger to complete and then dispose of some WM shares (since I will be over invested) and acquire some more Pure Gold Mining shares (PGM). PGM is another Sprott holding that rarely gets talked about but is in great position to make its 1st gold pour before Xmas. Plus they are completely funded, have a mill which they are upgrading, they are in the Red Lake district and are on track with good management, proper permitting done and 2nd nation deals completed. If you haven’t looked at them yet – by all means take a look.
 
CD
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