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Balmoral Resources Ltd
Symbol BAR
Shares Issued 178,398,041
Close 2020-04-02 C$ 0.325
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Taylor says sell Balmoral Resources

2020-04-02 19:58 ET - In the News

Jay Taylor, in the March 18, 2020, edition of Gold, Energy & Tech Stocks, says sell Balmoral Resources Ltd., recently 48.5 cents. Mr. Taylor said buy five times from Oct. 18, 2012, to Aug. 15, 2019, at prices ranging from 20.5 cents to 94 cents. Assuming a $1,000 investment for each of the five buys, selling the $5,000 position at 48.5 cents would yield a profit of $853. Balmoral is a gold explorer in Quebec. In this brief update, Mr. Taylor explains that Balmoral has agreed to a takeover by Wallbridge Mining, which will issue 0.71 of a Wallbridge share for each Balmoral share. Mr. Taylor sees no reason why this deal should not close. Rather than tender to the offer, he is choosing to treat the offer-driven bounce in Balmoral's stock as an opportunity to take his profits. Sell.

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