Objective Capital Reports Balkan Resources’ Prospects Include Public Listing
October 27, 2009 (FinancialWire) — Base metals and other commodities have been becoming more established components of successful investing strategies for some time now. An August, 2008, Wall Street Journal article entitled “Commodity-Based Funds Earning Favor” noted that many financial advisers were keeping a small portion of investors’ assets in commodities to smooth overall portfolio volatility. For example, the iShares S&P GSCI Commodity-Indexed Trust (NYSE: GSG) had approximately 78% in energy and 2% in precious metals, yet the ETF made overall gains even when oil was declining. Also, copper, nickel and other base metal positions have typically helped boost broad-based commodity ETFs as well, even during times when the dollar is weakening, based on indicators such as the iPath UBS Nickel ETN (NYSE: JJN) and the iPath UBS Copper ETN (NYSE: JJC).
A fairly recent, 48-page initiating report (dated 28 September, 2009) written by well-established, independent analyst Will Purcell, in conjunction with respected mining/exploration expert Richard Ryan, P. Geo, has been published by London-based Objective Capital on metals exploration company Balkan Resources, Inc.
Balkan Resources is an emerging junior Canadian-based private company with operations geographically-focused on metals exploration in Albania. Balkan has two priority projects: Perlati and Devolli. The company is currently private, but it is working toward obtaining a listing on the TSX Venture Exchange.
According to Objective Capital’s report, The Devolli property contains a promising nickel deposit. Also according to Objective Capital’s report, Balkan holds a prospecting licensed area called Peshkopi (a 333km2 land package in north eastern Albania), which contains known gold, arsenic, molybdenum, lead, zinc and copper deposits. Balkan is conducting prospecting work in Peshkopi to isolate areas suitable for advanced exploration work. And, once defined, Balkan will apply for exploration licenses for those targeted areas.
Objective Capital’s entire 48-page initiating report on Balkan Resources contains a considerable amount of fundamentals-based information about the company. Objective Capital, Investrend and Balkan Resources strongly recommend that anyone considering investing in Balkan Resources should, at a minimum, read the entire Objective Capital report and consult at least one credentialed investment professional before making any investment decision regarding Balkan Resources.
The complete report, including important disclosures, disclaimers and analyst qualifications is directly accessible via the Investrend Research Syndicate’s dedicated Objective Capital/ Balkan Resources webpage (http://www.investrend.com/objective/balkan), along with additional, related links and exhibits of interest to potential investors.
Objective Capital is a corporate research company that provides continuous independent research coverage for listed and pre-listed companies, ensuring that company shareholders, as well as the wider investment community, are consistently given a objective view of those companies, both currently and as they develop. All Objective Capital research is available free of charge at the Objective Capital website (http://www.objectivecapital.com) or http://www.objectivecapital.co.uk).
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