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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

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Post by montybissett on Jun 20, 2019 11:52am

CD

You want to sell a 1.2 billion dollar piece of dirt that has 650,000 ounces with no deep drill holes to speak of where the real grade is supposed to be. the 650 being a fraction of the reserves. When we have finally seen the price of gold start to show some life for 2nd time in 8 years. You know how big a dividend you and I would see from 20 million. Not a plug NICKEL. Pardon the pun. DW would use that to get back in the wandering, leasing, bonusing business.

We don't want to sell anything right now. We are in the business of looking for partners with much neeeded comman sense and serious cash. We need to see how our neighbor WM is going to make out. They have 3 drills spinning next door to us. Of course no guarantees but there is hope. We are in a tough spot, but please don't sell the farm with the bubbling crude. That is if you have given up the dream of moving to Beverly Hills with Jed and Granny. Keep thinking of sitting in the back with Elly May on the trip, and get your mind off handing over 20 million to DW. Thats all we need.
Comment by Chaulkdust on Jun 20, 2019 9:51pm
Miserable Situation: Monty, no takers for the last year or so and nothing at BAR has changed, so not much hope going forward. Other explores have now move past BAR with new resource discoveries, we have had nothing “proven” since the Grasset RE. Not enough money left this year for a major drill program after they spend on more surveys and overhead. They will need cash by year end for sure ...more  
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