International Speculator says buy Balmoral Resources…

Int’l Speculator says buy Balmoral Resources

Balmoral Resources Ltd (C:BAR) Shares Issued 84,807,289
Last Close 4/10/2013 $0.73
Thursday April 11 2013 – In the News

The International Speculator, in its April 4, 2013, issue, says buy Balmoral Resources Ltd. at 70 cents, officially, “Buy first tranche.” This is the newsletter’s first buy of the stock. The writer notes Balmoral is a Quebec and Ontario explorer focused mainly on Quebec, and it may have a big, high-grade gold discovery on its hands. Balmoral was set up by Darin Wagner and others from West Timmins Mining after that company’s takeover by Lake Shore Gold Corp. He says this past success gave Balmoral a significant premium, enabling it to raise cash at good prices. The buy follows a site visit that included the main focus, Martiniere, in Northern Quebec, by “senior metals investment strategist” Louis James. The Martiniere property forms part of the company’s Detour gold trend project in Quebec. There, past wide-spaced drilling hit both high-grade and bulk- grade mineralization. The company has discovered half a dozen new zones. The writer says because of management’s “strong track record and excellent drill results,” Balmoral shares have done better than most through the current gold correction. He adds that if the market does go into “full capitulation,” back up the truck for larger blocks of shares at lower prices.