Balmoral Resources Ltd BALMF

Cash pile

[flashcash]

So hopefully they use it wisely drilling for the most part the gold.

https://www.balmoralresources.com/news/balmoral-further-increases-non-brokered-private-placement-to-usd3-47-million

[freemax1]

I think ES is now looking on our side !!! We will see an increase on trades$ can you imagine how big the discovery will be $$$ BAR is surrounding the WM discovery time to load !!!

[Hawaiii]

Abra, cadabra. Hocus pocus. Step right up and watch your money disappear.  area 52, mediocre results at best, nickel nonsense, partners - or was that a rabbit in the hat? Enough "news" to get them through the new year, and then more dilution.  buyer beware. These guys are good at crafting language to make things sound great. Results, not so much. 

[cadaval]

My concerns are, Too much dilution,. Given the farm way. Too many vultures flying around. We the long term shareholders getting a pile of dirt.

[awacs1]

The placement confirms that the price will stick at .17 until well into November. And management has no incentive to make any upbeat NRs until late in the month. Agreed they should focus on the prospects that have some momentum. The current rise in the price of Pb and Zn suggest that from a strategic perspective, these other areas will have value but the horizon is far off for these projects. In

[freemax1]

awacs1 you,r right for the first part of your statement but the placement will bring BIG pockets & you know they will be here to make cash & us by the same $$ E S will make it moving like what he did for WM. We have to forget about the O/S when we have the good stuff it take,s a lot of O/S to satisfay the sharks. & there is no question about a R/S in this case