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BTR - Blackthorn Resources

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UNLISTED WARRANTS EXPIRE
Blackthorn Resources Limited (ASX: BTR ; AIM: BRL) wishes to advise that the 1,451,926 unlisted Agents’ Warrants to subscribe for fully paid Ordinary Shares in the Company at $3.10* each expired on 5 January 2009.
As at 6 January 2009, Blackthorn Resources Limited has 106,885,300 Ordinary Shares, 13,195,945 listed options (exercise price $1.00*) expiring 30 June 2009 and 14,519,257 unlisted options (exercise price $4.50*) expiring 28 September 2010, on issue.

what does it mean? can anyone explain please?
 
i can't really answer your question,except that if they have expired then the holder can kiss good-bye to the asset they thought they had,does'nt really effect the overall Cap of the company by that much!,which at around 8cents would have to be rather undervalued at the moment,107 mill shares and 30 odd mill in the bank i think,i know nickle is down ,i have traded and still hold BTR
 
Can anyone inform me of what is heppening with BTR? It appears that things are looking on the up?? I have now held shares for coming up to two years and have seen some bad times...
 
BHP says building mines to become cheaper than buying

April 3, 2009

BHP Billiton, the world's biggest mining company, may develop new copper mines rather than acquire them because of falling costs, said Diego Hernandez, the president of the company's base metals division.

The cost of developing a copper mine is decreasing as energy and materials become cheaper, Hernandez said yesterday in an interview in Santiago. Construction costs may become as attractive as buying companies within six-months, he said.

"Looking at the market the obvious conclusion is that we will see some distressed companies that will have to dispose of good assets," Hernandez said. "But in fact we have not seen" any opportunities, he said.

BHP which owns the Escondida copper mine in Chile, the world's biggest, is working on developing new mines in Africa, central Asia, Peru and Chile, Hernandez said. The cost of developing a project in Chile may return to pre-2004 levels of 4 to 6 cents per pound of copper production a year, compared with about 12.5 cents a pound now, he said.

Decisions on expansions to Escondida will probably be taken after 2009 because of a lack of credit and a need to preserve cash flow, he said.

"For big projects, the mining companies will need to go back to project financing and there is not too much available yet," he said. are starting to look forward and things are looking better."

Copper futures for May delivery jumped 4.1 cents, or 2.2%, to $1.89 a pound yesterday on the New York Mercantile Exchange's Comex division, the highest close for a most-active contract since Nov. 4.

Copper prices will average about $US1.60 a pound this year as Chinese demand for the metal recovers, Hernandez said.

BHP will close a damaged mill for a 45-day period in July and August. The mill will return to full capacity in late August, Hernandez said.

Bloomberg
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http://business.theage.com.au/busin...become-cheaper-than-buying-20090403-9luq.html
 
been quietly appreciating over the last while - jumped up today on small volume to mid 30's. something brewing? or maybe they are all just locked in the bottom drawer?
 
Blackthorne Resources has huge potential especially the joint venture with BHP Billiton, the share price of BTR is moving up :)
 
sagem said:
Blackthorne Resources has huge potential especially the joint venture with BHP Billiton, the share price of BTR is moving up :)
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and now its stoped..... when are we going to see the real value of this company?

they did the worst move when they cut their share value early this year, are they going to give us back the real value we invested in? can they do it?
 
After about five months of going sideways on low volume, BTR has sprung to life this morning on no news. Up around 18% as I type and sell side is looking weak.

With the zinc price on the up and further results expected from Mumbwa (joint venture with BHP) soon this is one to keep an eye on.
 

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BTR slipped off my radar for a while and I got a bit of a shock when i checked it out today -62.5c!! Still along way from the $2-3 (postreconstruction) it was rated at when perkoa was full steam ahead, but the momentu seems to have been with them for a while. Zinc has moved back into a positive NPV for them so no doubt this is all speculating on a re-start to the perkoa project along with the copper results from mumbwa (but they weren't THAT impressive were they?)

Anyway back on the radar.
 
It's been more than two years since the last post in this thread but big things have been happening for BTR.

Yesterday the company announced a massive copper intercept at its Mumbwa project in Zambia. Hole S36-033 was drilled vertically to a depth of 463 metres and intercepted an astonishing 231 metres of copper mineralisation at 4.49% Cu including:

  • 17m at 14.88% Cu between 211m and 228m.
  • 10m at 10.06% Cu between 265m and 275m.
  • 10m at 9.11% Cu between 283m and 293m.

Needless to say the stock experienced a huge increase in volume and price yesterday (5,155,8000 shares traded and a price increase of 31.5c or 44%) and while the price didn't increase today (it closed slightly down at $1.00) volume was exceptionally high again at more than 4 million shares traded.

This is definitely a stock to keep an eye on. The question is, how big is the Mumbwa deposit? There are further drill results due soon and with more than 9 million shares traded in the last couple of days a lot of players appear to be taking positions and betting on more positive drilling results.
 

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I'm amazed at the lack of posts in this thread considering what has been going on with this company of late. I bought into the stock today.
 
justiceotp said:
I'm amazed at the lack of posts in this thread considering what has been going on with this company of late. I bought into the stock today.
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Been in and out once for profit and now back in. Fantastic strike and a lot of resulting excitement.

The harshly down day on Tues saw little selling in BTR which held its ground relative to recent gains, so obviously more expected yet. There is revised JORC to come, more drilling to come and a LOT of enthusiasm with names like the next "SFR,RXM,OZL" being thrown around.

Can't argue so far with gains and potential interest from the larger companies that are looking for the next good deposit, or at least blocking someone else from taking it, but this is one of those that could bite just like any other of the latest hot stocks.

Justice do you have much knowledge of it ? - would be interested to hear.
 
Hi Mr.Jeff, Not an expert in this company only what I've been reading of late. Its recent results caught my attention and they have plenty more to come with Drilling continuing for the next 2 or 3 weeks and then copper and gold assays for 5 or 6 weeks after that. I have bought this share as a long term trade but I'm sure you have done well out of this over the last few days and if I had more time myself would have done the same.
 
Still very interested and involved and watching closely.
I couldn't say that the price action has been inspiring but at the same time it is holding up well and I note that it is near the top of its move and on low to medium volume so that is a sign that it is not being sold by many people - strength.

A move to new highs and some positive news could see continued strength although I always sit with my finger on the sell button, as I don't care how solid a company may appear, if it looks bad, better not to risk getting out late. So far so good and will be adding more on a strong move above the range of around 1.80.
 
mr. jeff said:
A move to new highs and some positive news could see continued strength although I always sit with my finger on the sell button, as I don't care how solid a company may appear, if it looks bad, better not to risk getting out late.
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Just wondering if you are still paying attention to this one mr jeff.
An exit as you mentioned and a nimble re-entry may turn out to have been a good play, closed on 1.40 today.

(click to expand)
 

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I'm thinking a short term move here is possible to complete the flag/channel up to 1.215, that's 5% from where we are now. Then it's near major resistance... and the activity around that line should say whether a breakout is on the cards.
 
Boggo apologies I just saw your question.
I exited for a loss around that time - after saying I had my finger on the sell button; I'm a liar!

There is more here yet, and with a recovery on copper possible it may be worth watching. At this stage a small move up looks like breaking the downtrend and it seems like with positive sentiment, it may be looking at 1.50 ahead, noting that it has cleared that 1.10 level - which it might retest short term.

Watching and will add a chart when I have more time.
 

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