RE: he must be selling to close pp himself We will know for sure if Mr Balch has participated in the PP, once it has been completed (will show an insider buy). He did participate in the last PP.
I was watching Brent Cook on BNN Market Call tonight, yesterday. He was saying that junior resource exploration companies will have a harder time raising funds in the next 18-24 months. We are seeing that with HRM (financing being extended by 1.5 months).
The good news for HRM is it still has a very low float, and an extremely low Market Cap. Will not take much to increase value here. Looks like the drilling has been very promising so far.