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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 > Hang on to your hats!
View:
Post by Chaulkdust on Jan 26, 2018 4:05pm

Hang on to your hats!

Things may get a bit bumpy with 3.8 million flow through financing shares becoming free trading on Jan 30th (I think that's correct?). Anyway, perhaps a good time to $$ cost average in anticipation of the RE, or back up the truck - whatever floats your boat. After looking at many other companes at the conference - BAR is solid, way underpriced. If we get some good PR from the analysts Feb could be a good month.
Comment by mountainpose on Jan 27, 2018 2:33pm
Sensible thinking. The 5.7 million shares that came due on Jan 25th. were expected to have a negative effect and nothing happened. I expect the same for the 3.8million due on the 30th. The holders of these share are all accredited investors and are generally longer term holders.Being professional traders they tend to be well connected and informed. Now for an interesting thought. I think it's ...more  
Comment by blockchainbug on Jan 27, 2018 10:10pm
I took a big piece of that financing and am not selling.  I agree, those shares are for the most part in strong hands and not many will hit the market anytime soon.. at least not at these prices.  Those hoping for a big dump to get in cheaper will likely be disappointed.
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