Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

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Balmoral Resources Ltd > Buyout is for 0.62 and this is trading at 0.32 ????

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Comment by flycrazyon Mar 11, 2020 8:48pm

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Post# 30796551

RE:Buyout is for 0.62 and this is trading at 0.32 ????

entermyballs wrote: I don't get it....can someone explain why this is trading at a 50% discount ?

buyout was never for "o.62". That was the assessed value in comparison to WM's trading value for the last set number of weeks. The actual deal is for 0.71 of a share of WM. And since WM is trading now at 0.50-0.52 you can do the math.

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A junior copper-gold stock trading at a bargain of monumental proportions