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Bullboard - Stock Discussion Forum 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 Discussion

Balmoral Resources Ltd > We don't want to be ICG
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Post by chaney on May 19, 2017 2:05pm

We don't want to be ICG

BAR has the goods and the ones that matter know it.

BAR doesn't have to accept a low ball offer with about $9 million left in the bank and drill results around the corner I would think about buying more but do your own DD.

ICG has 486,525,187 outstanding, fully diluted shares over 500,000,000 and some point to this as a well run gold exploration company, really? Did the have a RE? Wow they got $1.21/share.

Match BAR's drilling results to other explorers and tell me how many are as good? Very, very few. Especially when you take jurisdiction in to account.

Just how many really good explorers with great drilling results in safe jurisdiction are remaining?
Comment by lechon1 on May 19, 2017 2:15pm
Really good points Chaney. The fact that the RE has been promised and missed year over weather they are waiting for the resource to get bigger has turned off a lot of investors no doubt. It should be big enough at the end of the current drilling to put one out before year end...no more excuses. Investors need to see what is there for real in order to get excited or not. I really wish there was ...more  
Comment by chaney on May 19, 2017 3:24pm
lechon, I don't recall management ever promising other than when they're being interviewed(pressured) and asked that question. I don't think a RE was a priority and even if they wanted to do one they keep making new discoveries an it gets pushed out.   As of stated before I think the retail investor is hung up on a RE but to those that really matter I think they like seeing ...more  
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