LOL, I'll be selling 50% way before 2016 and let the rest ride out for a few years...

Balmoral raised a bunch of cash through expirations of warrants. It has more warrants coming due: 120,000 in March 2013 at $1.25 a share, and 348,000 in October 2013 at $1.15 a share. It would behoove the company to get its share price above those prices before those expiries.

The company’s plan is to be bought out before 2016. That seems like a workable plan, but the company has to report good drill results and expand its resources to make it a real possibility.