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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 > LMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSE
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Post by kbagai on May 02, 2018 7:57am

LMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSE

The Company Update sections says it all.

DW is a loser.

Guys nothing is happening in Mart/.gold no more, the ammunation is over.

Jumping back to Nickel, they think this is less evil of the two.

Another big fall in the stock price today? I'd say so.

7 years of loitering around by this failed management team.

". Local zones of anomalous gold mineralization were encountered in several of these holes, however none are currently slated for follow-up testing".

 "there are currently no plans for additional mid-level delineation drilling on either the Martiniere West or Bug gold deposits during 2018"

" While the Company continues to believe that there remains significant resource growth potential it will pursue third party and other strategic options to advance the further definition and delineation of the Martiniere West and Bug gold deposits."

Only  the company BELIEVES, jokers!

"In the near term the Company will return to an exploration focus, evaluating the potential of several near surface gold discoveries"

Haha thiese guys are worse than smoking...

"planning for a resumption of exploration work within the Grasset Ultramafic Complex during the summer/fall of 2018 is now underway"

Last hand of roullette with the little treasury.

Glad these guys are soon out of jobs.
Comment by FastFF on May 02, 2018 10:57am
Makes sense - instead of piling more cash into Bug, which at this prices means huge dilution, better to wait for gold's next move up, and better leverage. Unless you've been in a coma, you should have seen the move up in nickel, EV demand growing, which means the economics totally different now, and getting bwetter. There's a old Kenny Rogers song: "Have to know when to hold ' ...more  
Comment by kbagai on May 02, 2018 12:10pm
Haha ZEROOOOOO
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