Balmoral Resources Ltd BALMF

Things That Make You Go Hmmmmmm

[BEARINTHEWOODS]

Things that make you go hmmmmmmm Page 21 (MD&A).  

Looks like for most people,  2 times the 3 month rate equals the 6 month rate.   However, management of BAR deemed it necessary to reward the stellar performance of IR who received an additional $34,042 over and above $40,000 received last quarter.   I wonder how many BAR shareholders consider that $24,680 per month for the period April/May/June is “fair and reasonable”, given present market conditions and the performance of the stock?  The optics are that management cut the IR budget in half and gave IR a big pay boost.  Maybe management is grooming Foulkes to take the helm ?
One of the keys to success for a small company is to have good people make good decisions.  You decide

RELATED PARTY TRANSACTIONS
 
During the six months ended June 30, 2018 the Company entered into the following transactions with related parties and paid or accrued the following amounts, excluding share-based payment expenses, in connection therewith:
 
 
Name Relationship Purpose of  Transaction

                                                
                                                                                                                                                                                                                                Three Months Ended - Six Months Ended 
Darin Wagner President and CEO  Salaries and benefits  $140,000          $210,000

Blue Pegasus Consulting Inc. Company controlled by the CFO  Financial Consulting Services (included in Consulting Fees)                              $15,000            $37,225

Richard Mann Vice President, Exploration  Salaries and benefits  $50,000  $107,000

John Foulkes Vice President, Corporate Development Salaries and benefits $  40,000 $114,042

Lawrence W. Talbot Director  Directors Fees (included in Salaries and benefits) $8,250 $16,500

Graeme Currie Director  Directors Fees (included in Salaries and benefits) $7,000 $14,000

Daniel Maclnnis Director  Directors Fees (included in Salaries and benefits) $9,500 $19,000

Bryan Disher Director  Directors Fees (included in Salaries and benefits) $8,250 $16,500
 
During the six months and three months ended June 30, 2018, no stock options were granted to insiders.


Disclaimer:

We have shorted BAR succesfully - We may go long at anytime.

DO YOUR OWN DD and Don't EVER buy or sell on Anything posted by ANYONE.

BITW