Balmoral Resources Ltd BALMF

BAR drilling Fenelon Property

[Chaulkdust]

See BAR Web SIte for details.

[Hawaiii]

Another classic Balmoral move. Chasing phantom gold targets. Morons. All this means is further dilution coming this fall. Dammit.

[deMevesy]

They have to go where the money is. Be sure, they had a discussion with WM and Sprot. WM needs more land (gold) to fullfill there 100koz/year target. If we can confirm the trend, we are able to do the next financing at a much better price. If not, than dammit...

[flashcash]

Area 51 is quite wide at near 800 m ! There is a very good chance the bands extend into Balmoral ! Together they can become a very large gold producer that’s for sure with a mill. Good decision by management in my book.   GLA

[Hawaiii]

Yeah, great decision. No money, a handful of projects, and can’t commit to either. What are they hoping to find here? 642,000 ounces? Then what, they have two useless billion dollar gold deposits. These guys could fuq up a one car parade. 

[jefedeoro]

Flashcash, I would agree with you.  when you look at the map they use in their PR and they scale they have, it appears where Wallbridge's current discovery is no more than about 500 meters from the border of the two properties.  Given WM.s discovery is already a km long and getting bigger every press release, i would say its very likley it would extend to BAR's property. 

[flashcash]

https://www.balmoralresources.com/news/balmoral-commences-drilling-on-area-52-gold-target-detour-gold-trend-project-quebec