BLR - Black Range Minerals

[hangseng]

To all that were offended by my price predictions . . . . . . . . I withdrawal those numbers forthwith.

In regard to request from moderator, I will reply to HS
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From HangSeng

" Here are some facts for you seeing as you are so keen on them...


(1) BLR is fast running out of cash and WILL be heavily diluted before ever turning a wheel on this project. PTM is at least 3-4 years away IF the greenies pullback, of which is unlikely.

(2) BLR is now 1.7c, down from my original prediction and way down from the heady +30c it was when pumped before being dumped by the rampers.

(3) Ablation is a good process, but with a hell of a lot of solid and liquid waste, greenies will love it I am sure going into the Colorado river system...NOT! This will take a lot of control and something BLR doesn't have, CASH.

(4) BLR is certainly cheap, but IMO could get cheaper unless they display something very positive and soon.


So before you come on PEN throwing stones as you do elsewhere, have a look at your own backyard."
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I have numbered the sections of HS's post for ease of reading.

(1) This is not a fact, it is HS's opinion

(2) The share price is correct at time of typing

(3) This is not a fact, it is HS's opinion

(4) This is not a fact, it is HS's opinion


So in essence we have (1) Market pricing fact . . . . . . . .

And (3) Opinions from HS

HS is entitled to his opinion . . . . . . . but it should be noted that it IS an opinion and not a fact.

Once again, I apologise and withdraw my previous price predictions so as not to offend anybody.


GT 86

Not all only my opinion, just simply facts you can't grasp or don't want to.


1a. As at about 2 months ago BLR had about $3m cash fact...they won't be building a mine on that. *Dilution is inevitable.

1b. PTM is at least 3-4 years away - *"BLR is targeting completion of permitting activities by the second quarter of 2015, with production targeted in the second quarter of 2016. We note that four quarters of baseline data collection needs to be complete before submission milestones can be reached." source the very same Fosters Stockbrocking report you cite. That is providing it is all smooth sailing, greenies are all over this and won't be letting it all go smoothly. IMO production realistically not until 2017 minimum as the BLR milestones haven't in built protests. Something I now concede PEN didn't sufficiently do. For the same reason I believe the BLR milestones won't be met.

2. The share price was at 2c on the Fosters report now 1.7c. It was over 30c. All fact.*

3.*This is not my opinion, it is a plain fact. Ablation is a good process, but with a hell of a lot of solid and liquid waste - read the BLR report and interview of Tony Simpson from the Australian Uranium Conference this year. "We separate the uranium from waste; we get 95 per cent of our uranium into 10 per cent of the mass."

In plain speak he is saying 90% is waste product. This will need to be disposed, BLR indicate it will be "pumped back underground". Unless they manage to achieve what PEN has with deep water disposal well permitting they will have a problem the greenies won't let go of easily.

4.*BLR is certainly cheap, but IMO could get cheaper unless they display something very positive and soon. I hold to that as I did correctly predict the sp would drop to 2c previously. If the PEA isn't outstanding, not merely a positive report there is nothing else to hold the sp up but hot air on forums.....yes This is in my opinion, that on BLR has so far proved correct.
*

BLR has a large resource, but until they can display they have the means to mine it then it is nothing but rocks. BLR are a long way off yet doing so.

 

[GT 86]

It is stated in the UBHM process that after the U is extracted the waste is mixed with cement and used to fill the previous holes.

Did you miss that in the report . . . . . . . and assume they would just dump it in the Colorado river ?

Stay tuned . . . . . . . . I think information may be on the way to clarify your concerns.



GT 86

 

[hangseng]

It is stated in the UBHM process that after the U is extracted the waste is mixed with cement and used to fill the previous holes.

Did you miss that in the report . . . . . . . and assume they would just dump it in the Colorado river ?

Stay tuned . . . . . . . . I think information may be on the way to clarify your concerns.



GT 86

The only thing to stay tuned for with BLR is a capital raising. I have no concerns over BLR as I have no exposure to it. But as long as you continue to go to the PEN thread and spread falsehoods I will return the favour here and spread the love...

GT86 = buc I believe

 

[GT 86]

The only thing to stay tuned for with BLR is a capital raising. I have no concerns over BLR as I have no exposure to it. But as long as you continue to go to the PEN thread and spread falsehoods I will return the favour here and spread the love...

GT86 = buc I believe

HS

I am glad that we are sticking to the facts . . . . . . . . .as I have already commented and the AGM notice outlines is the FACT that BLR will be raising capital.

Any posts I have made in the PEN are based on fact ( apologies on typo for depth M - ft ) however you are very reluctant to apologise for your recent ridiculous comments about waste that will be dumped into the Colorado river.

Why? . . . . . . . . .

And who is Buc ?


GT 86

 

[GT 86]

HS

We didn't have to wait long for that " stay tuned " . . . . . . . .BLR just went into a trading halt.


Stay tuned . . . . . . and please stick with the facts


GT 86

 

[GT 86]

A Trading halt for capital raising purposes . . . . . . . . .ah . . . . . . . but from whom ?

Might not be what most people are expecting.

I remember when NGM were struggling with a cash deficiency, and had a great deposit, and PDN trotted in, stumped up a lot of cash for a wad of shares.

Who knows??


GT 86

 

[GT 86]

It has come to my attention that a poster from afar called fishfoot or similar, is espousing an opinion that BLR won't be able to raise any funds to further its key project at Hansen in Colorado.

All I can say, is that at the AGM George Glasier will be ratified
25 000 000 BLR shares at a perceived face value of 2 cents for back loading his Ablation Technologies into BLR.

With 40 years experience in Uranium within the USA, predominantly within the same geographical area that BLR will be mining, as well as being a lawyer . . . . . . and the MAN who started " Energy Fuels ", you would think he has a good grasp of who has a lot of growth potential, and who doesn't.

I think the late Tony Simpson, could see the awesome potential for a marriage between BLR and Glasier's Ablation Technologies, and in his last months on this earth, made what he considered a bright future for both happen . . . . . . a testimony to Tony's ability and foresight. . . . . . and determination to see a company he strongly believed in move towards production.

Within a week, will shall see how Tony's vision and determination, has become a catalyst for an amazing opportunity . . . . . and I am truly saddened that he will not be present when the fruit of his labour ripens.

This company in my opinion, is one deal away from starting a journey to become a powerhouse in the Uranium sector within the USA.

Would you prefer a company that HAS a great resource, that needs funding . . . . . . . or one that has STILL to find that resource and needs funding ??????

My thoughts only

GT 86

 

[hangseng]

It has come to my attention that a poster from afar called fishfoot or similar, is espousing an opinion that BLR won't be able to raise any funds to further its key project at Hansen in Colorado.

All I can say, is that at the AGM George Glasier will be ratified
25 000 000 BLR shares at a perceived face value of 2 cents for back loading his Ablation Technologies into BLR.

With 40 years experience in Uranium within the USA, predominantly within the same geographical area that BLR will be mining, as well as being a lawyer . . . . . . and the MAN who started " Energy Fuels ", you would think he has a good grasp of who has a lot of growth potential, and who doesn't.

I think the late Tony Simpson, could see the awesome potential for a marriage between BLR and Glasier's Ablation Technologies, and in his last months on this earth, made what he considered a bright future for both happen . . . . . . a testimony to Tony's ability and foresight. . . . . . and determination to see a company he strongly believed in move towards production.

Within a week, will shall see how Tony's vision and determination, has become a catalyst for an amazing opportunity . . . . . and I am truly saddened that he will not be present when the fruit of his labour ripens.

This company in my opinion, is one deal away from starting a journey to become a powerhouse in the Uranium sector within the USA.

Would you prefer a company that HAS a great resource, that needs funding . . . . . . . or one that has STILL to find that resource and needs funding ??????

My thoughts only

GT 86

What, no comment on the capital raising that sent the BLR sp plunging yesterday?

The market has spoken on this once traders market darling, falling from over $0.30 to now be a sub $0.01 totally out of favour dog ramped on little more than hot air....but the balloon has finally burst.

PEN on the other hand, canned by many BLR posters here and elsewhere, now successfully advancing toward full funding and permitting as I always believed it would.

BLR has a lot of catching up to do with sentiment now at an all time low.

Yes what is the better stock? The one with a resource going nowhere, or the one with a smaller but steadily increasing resource advancing into funding and permitting over the next year?

The market has spoken...that is a fact and the sp of sub 1c is very real.

 

[GT 86]

Mr Hang

How many shares does PEN have on issue . . . . . before the imminent next capital raising ?

A company that has a little resource ( PEN ) by your own words, looking for funding in this environment . . . . . . . the new mantra . . . . . for a joke.


"Would you prefer a company that HAS a great resource ( BLR ), that needs funding . . . . . . . or one that has STILL to find that resource and needs funding ?????? "


Nothing has changed . . . . . . . especially the PEN JORC


GT 86

 

[hangseng]

Mr Hang

Nothing has changed . . . . . . . especially the PEN JORC

GT 86

Everything has changed....

PEN now heading into full funding, construction and production WITHOUT CAPITAL RAISING.

BLR running out of cash rapidly, weak capital raising occurring causing the sp to crash below 0.01. i.e now well out of favour and will be for some time. Leaving BLR as now officially a dog stock.


Market has spoken...

 

[GT 86]

Mr Hang

What will be your response if PEN announce a capital raising via issue of still more shares . . . . . . . . ?????

I would think you will owe someone a BIG apology . . . . . . . .

Time will tell . . . . . . . I think the best they can hope for is 60% Debt 40% Equity

PEN would be mining now . . . . . if they had met their own minimum resource projection, the resource in the roll fronts is all over the place . . . . . . continuity of resource is not happening.

BLR will produce before PEN . . . . . . . via ablation at George Glasiers assets . . . . . . . just my opinion and Ronald McDonalds.


GT 86

 

[hangseng]

Mr Hang

What will be your response if PEN announce a capital raising via issue of still more shares . . . . . . . . ?????

I would think you will owe someone a BIG apology . . . . . . . .

Time will tell . . . . . . . I think the best they can hope for is 60% Debt 40% Equity

PEN would be mining now . . . . . if they had met their own minimum resource projection, the resource in the roll fronts is all over the place . . . . . . continuity of resource is not happening.

BLR will produce before PEN . . . . . . . via ablation at George Glasiers assets . . . . . . . just my opinion and Ronald McDonalds.


GT 86

Oh dear buc how wrong can you get.

PEN now has a Wyoming IDB in place for 50% of total Lance development funding and accounts for 100% of startup funding WITHOUT CAPITAL RAISING.

BLR share price now 0.008 and falling despite your ramblings.

BLR is going nowhere fast and will definitely not be producing before PEN, not even close to PEN's start up date. If lucky you may see some production in 2016, when PEN begins Karoo development from a cashed up Lance project.


Yes my friend let's "keep it real"

 

[followme]

oh dear HS how wrong did you get that !
BLR flying, promptly jumped 100% and production 2013. i see PEN as completely washed up with a Cap raise around the corner

 

[hangseng]

oh dear HS how wrong did you get that !
BLR flying, promptly jumped 100% and production 2013. i see PEN as completely washed up with a Cap raise around the corner

Wasn't wrong for long....

However providing they can successfully achieve the latest things may change. If not then the abyss awaits BLR until they can actually achieve production.

PEN have clearly failed in achieving past stated production commencement targets, but are now a lot closer to achieving this than BLR.

 

[Zubana]

Hi HS,
Long time no see. It would appear BLR has become an engineering company these days with uncertain priorities.
I'd venture to say their "golden egg", Hansen Taylor has been abandoned if the present/new management muscling their way in is anything to go by....simply too expensive to extract via conventional mining (unviable), and the future of AT is prospective at best.

I took some pleasure in reviewing your posts going back several years now; it would appear hitting some over the head repeatedly still doesn't get the message through

I was interested in BLR as a player in the U space, but regrettably it's OFF the list of companies I'd be prepared to put any money into.

 

[hangseng]

Hi Zubana,

Likewise mate I always enjoy your informed input on various forums on that other stock ;-).

BLR has always had significant "potential", however has never realised it. Ablation offered a glimmer of hope and had me watching BLR again but still nothing as yet.

 

[System]

On September 18th, 2015, Black Range Minerals Limited (BLR) was removed from the ASX's official list in accordance with Listing Rule 17.11, following the merger by scheme of arrangement with Western Uranium Corporation becoming effective.