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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 spent a lot of money
View:
Post by montybissett on Oct 20, 2017 12:24pm

We spent a lot of money

flying DW and his team down to last conference that cost dinero. He got up there and spoke for 12 minutes and told us absolutely nothing new. He didn't bring up his fractional nonsense. He didn't talk about hitting  the nickel as soon as we see a 6 on the price. He didn't give us any idea about a RE on gold. 

A lot of presenters talked for 20 minutes. He looked like he was late for his plane. 

Put in an order for 83,000 at 52 and in 18 transactions got 74,000. Now over a million at aprox .66

I imagine we have a more red ink to go.

GLTA
Mr C
Comment by shneps on Oct 20, 2017 12:46pm
Don't forget that within the nickel asset is a nice palladium byproduct. Palladium is up 52% on the year.
Comment by goodtoreadthis on Oct 20, 2017 2:05pm
Monty you may be unique on the stockhouse website. A guy with legit gripes who buys the stock anyway ! My impression was DW was very nonchalant/converstional on this pitch. He had nothing new to say and when u look at the situation he really didn't.  BAR has won 2 Explorer of the Year awards in the last 4-5 years. They found Grasset and shocked the mining world, same with Bug Lake. Our ...more  
Comment by goodtoreadthis on Oct 21, 2017 12:55am
Monty, others are following your lead. Almost 100,000 shares more than average changed hands on Friday. Folks are beginning to see the fundamental value of $525 mil gross in nickel and probably 3 mil oz of gold if DW's allusion to Hecla's Casa Berardi being similar/same as Martinere proves true. 
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