RE:RE:RE:RE:RE:RE:Cashonetimer wrote: Hi
And balmoral has about 7 milliuon in cash and cash equivalants, but they have a huge flow through tax expenditure to finish in the next 8 months as well as severance for employees not transferring to wallbridge. T
hat is a lot of drilling and studies
From Balmorals March 31 MDA
During the period ended March 31, 2020, the Company incurred $951,460 of qualified flow-through funded exploration expenditures, which, subject to audit, partially fulfilled its commitment under the flow-through share financings on October 25, 2019. As at March 31, 2020, approximately $5,285,000 remains to be incurred on qualifying expenditures during fiscal 2020. The Company intends to fulfill its flow-through commitments within the given time constraints subject to restrictions and constraints resulting from government actions related to the COVID-19 pandemic. The Company has provided an indemnification to subscribers of flow-through shares in an amount equal to the income tax that would be payable by subscribers in the event, and as a consequence, of the Company not incurring and renouncing qualifying CEE as required under the subscription agreement.
There was info in that post onetimer, wtf are you doing here?
https://www.youtube.com/watch?v=WL1foQKD3OI Boba