BMB balamara resources limited

I overlooked the title block/highlights at the top of the...

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    I overlooked the title block/highlights at the top of the announcement:

    "Drilling underway on two fronts at Monty Base Metals Project, Monenegro and Bogdan Copper-Silver Project, Poland."

    Unsure when the drilling started or when it is expected to finish. Phase 2 drilling at Bogdan was pencilled in for November-February (they haven't updated their image used in Figure 3) so news from this hole may be imminent.

    Bogdan:
    "Drilling is currently underway on the first hole of the phase two programme, and assay results will be published to the ASX once received. Additional holes are to be drilled subject to results."

    No mention on the Varesh historical data that went missing either.

    I'd expect we will see another CR of sorts soon also. With just over $1 million in the bank, surely we'd see a sale of Peelwood/other Australian assets (someone mentioned these have been transferred to another entity anyway, yet this is not mentioned in the announcement?), an AIM listing, or more cash from the Singapore guy in the near future.

    We're getting to the pointy end:

    - JORC update at Monty and BFS/decision to mine needs to be finalised.
    - Togo needs to be finalised (whether it's a success or not).
    - Bogdan drilling needs to push on (only one hole being drilled ATM, others pending assay results - I can understand the weather, other priorities, but if we have an office over there, why can't we dedicate resources? continued capital investment from Singapore should be ENABLING us to do this)
    - I think we were waiting on a maiden Varesh JORC also?
    - Long term capital solution - stop relying on Singapore dude, and get some heavy investment to get us going - AIM listing.
    - DIG SOMETHING OUTTA THE GROUND! We have a fantastic portfolio, and I keep harping on about this, pick off Monty and throw everything we have at it, start digging it up, generate some income.
 
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