Balmoral Resources Ltd BALMF

Uneventful year.

[astrorbit]

Drill results were glossed over. Now 6 of 6 intersected sulphide. No share response.

Nickel is not cooperating.

Might as well wait until a financing at least this would assist in creating a less risky investment.

As it stands there is <5m. The usual financing window and ending the year with $10M is not looking likely.

Starting 2019 with a small drill program of 1.5M then a financing.

The 3rd party negotiations on Martiniere look to be a bust as well.(from may 2018)

A new low for tax loss season....

JV with GTA looks to be a bust.Wonder what happens with BAR's 48%

What a mess.

[AlternativeView]

It is still a bit too early for nickel.  A good part of the recent LME offtake has gone into private inventories.  This is somtimes distinguisued as "invisible"  versus "visible nickel stocks"  Buyers are not in a rush to drive up their costs any sooner than necessary and games will be played to keep the price of nickel down, for as long as possible. Plenty

[chaney]

So will you be selling for tax losses? I think but could be wrong that much if not all tax selling has already taken place. Many just sold cause they were fed up.