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Balmoral Resources Ltd
Symbol BAR
Shares Issued 110,381,521
Close 2015-07-30 C$ 0.55
Market Cap C$ 60,709,837
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Taylor says buy Balmoral Resources

2015-07-30 21:16 ET - In the News

Jay Taylor, in the July 16, 2015, edition of Gold, Energy & Tech Stocks, says buy Balmoral Resources Ltd., recently 67 cents. Mr. Taylor said buy three times from Oct. 18, 2012, to Dec. 18, 2013, at prices ranging from 34 cents to 94 cents. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $3,900. Mr. Taylor says he wrote just recently about "why I love" Balmoral, so he will not repeat specific details in the newsletter. He does point out that Balmoral has $9.51-million in working capital. Given its finances, as well as the high quality of its projects, Balmoral was one of the companies that survived the "extremely painful" round of cuts that Mr. Taylor recently made to his portfolio. He has high hopes for the survivors, but warns investors not to be complacent, especially if the bear market continues. On the other hand, if gold and silver prices finally make their long-awaited recovery, Mr. Taylor reckons that "the companies on [his] list should be ready for an early blast-off."

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