Post by
Chaulkdust on Sep 11, 2019 2:46pm
Just Speculating
After seeing both BAR videos and DW time to speculate a bit since everyone else is. I also posted this on the WM board/CEO board, so if you have seen it skip it here. Strange that DW wasn’t mentioning Wallbridge’s name and avoided it like the plague. Why might this be? Perhaps BAR and WM are discussing a possible JV or land deal and don’t want to reveal anything yet? I would assume WM would be waiting for more results from BARs drilling before they would become interested? If WM was interested, how would that work out? Perhaps a Joint Venture of some kind? WM would need to be careful of any stock type transaction with BAR since they are already diluted over 500 million shares and shareholders might not like a lot more dilution. BAR on the other hand doesn’t really care about Area 52 for their own use, since they don’t/won’t do mining they just explore find and sell. BAR needs money to peruse their other assets and will probably never drill out area 52 when they have other fish to fry. BAR on the other hand could use/live with, a bit more dilution at only 155 million shares. Perhaps a swap of area 52 land and BAR shares for a JV with WM? On and on with speculation. Just curious to see what other folks may think? Of course our measly 4 + drill holes could hit a larger/high grade area, now that would totally change the picture. Darin did exactly that at Timings, he was down $$ wise with 1 hole left and hit. Drilling without seeing the assay results means they did see something positive, now we wait and see. Someone mentioned trading us WM Nickel property in Sudbury, don’t know if we need another project with our limited funds and current planned projects?
Comment by
daffid on Sep 11, 2019 3:31pm
I don't think Wallbridge needs Balmoral , perhaps the other way around.