18:04:14 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Balmoral Resources Ltd
Symbol BAR
Shares Issued 125,314,167
Close 2016-11-24 C$ 0.81
Market Cap C$ 101,504,475
Recent Sedar Documents

Lundin says hold Balmoral

2016-11-24 21:26 ET - In the News

Brien Lundin, in the November, 2016, edition of the Gold Newsletter, says hold Balmoral Resources Ltd., recently 93 cents. Mr. Lundin said buy three times from July, 2014, to July, 2016, at prices ranging from 87 cents to $1.54. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $2,574. Balmoral has two drill rigs running on its Martiniere gold property, which is part of its larger Detour Trend project in Quebec. Thirty holes have been drilled at Martiniere in this program so far, with results still pending for most of these holes. A separate drill program is likely to begin soon on the nearby Detour East property. Mr. Lundin is looking forward to seeing what the programs turn up. The stock remains a hold for now, but could become a buy on market weakness or strong drill results.

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