Australian (ASX) Stock Market Forum

BLR - Black Range Minerals

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searsr said:
Does anyone have any thoughts on this stock??? I hold some and would like to know people's opinions about it.
Click to expand...

I'm watching cautiously - they've made some noise about a processing plant starting up nearby, but if you read the info available on it then it sounds like the plant will be at capacity dealing with ore from the owners pits. Potential for BLR to fund expansion of capacity to handle BLR's dirt as well I suppose. Will be watching to see what happens in that space first.
 
BLR HIT A CEILING OF .04 EARLY 2009 TILL POSTIVE NEWS, IT HAS HIT THE .08 CEILING AT THE MOMENT , PRICE WILL STAY TILL NEXT POSTIVE NEWS ( WHICH COULD COME FROM SEVERAL AVENUES INVOLVING HANSEN /TAYLORS SITE IN THE NEAR FUTURE)WHAT THE NEXT CEILING IT GOES TO MAKES THIS SHARE SO EXCITING . EXPECT NEWS IN NEXT MONTH OR TWO????;);)
 
TYDEC - thanks for your response. I must do some research on BLR to get up to speed - but I agree it is an exciting stock and I certainly see some value in keeping this thread up to date. If I come up with anything will let you know. I am aware that they are some shrewder investors than I that are eying this stock - so there must be something exciting. As much as many bag uranium and it certainly comes with its problems ... coal is copping a hammering re: dirty fuel - so uranium might just need to lay low and it may become more attractive esp: in Australia. cheers Alex.
 
Notable interest over the past 3 weeks with only a couple of quarterlies posted from which no near term resource advancement is revealed. BLR taking this project nice and slow considering most of the ground work has been done. :confused: Typical sporadic speccie price run I suppose.
 
Waiting for the CUP to be revised & re-issued by Freemont County Commissioners. Meeting tonight in the US.

Watson.
 
Re: PEN - Peninsula Energy

Only at the request of Admin I post why I said BLR was going to 2c. I had a very quick look at the chart just before i posted and BLR was in the red. Thereafter BLR went up, rather convincingly I might add regarding SP. However volume was unconvincing and low at 5.96m shares. Considering BLR opened down at 3.5c a fair portion of the volume was a sell off at open.

If it doesn't hold the 3.5c level then the last support level is 2.4c the 100% Fib retracement level. If that fails, then it is sub 2c , not 2c.

I wouldn't be touching this with other peoples money just yet. Not even I'm willing to risk a buy in this downtrend. It is in a downtrend unless it breaks higher from yesterdays close. As we so often see from the TA posters, until confirmation that the downtrend is over it isn't a buy, unless of course a person has some sound fundamental reasoning to do so.

My call was general at 2c, however now with a little more analysis my call stands that 2.4c is the last support level if 3.5c doesn't hold. Also BLR was 34.5c as I indicated as can clearly be seen below.

My apologies to PEN posters for this, as I said it is only because I was requested to do so. As I stated BLR was once a market darling, how the mighty has fallen.
 

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Very Funny about BLR thread.

I got intrigued from PEN to see this thread and noticed it is hardly updated.
I am wondering why some debate on BLR posted in PEN thread and why not they be posted or at least copied by mods in BLS thread as well. It may quiet well that BLR posters do not visit PEN post.
I saw there was a research report from Stone Bridge on BLR when it was 7 cents. OMG
 

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Re: PEN - Peninsula Energy

hangseng said:
Only at the request of Admin I post why I said BLR was going to 2c. I had a very quick look at the chart just before i posted and BLR was in the red. Thereafter BLR went up, rather convincingly I might add regarding SP. However volume was unconvincing and low at 5.96m shares. Considering BLR opened down at 3.5c a fair portion of the volume was a sell off at open.

If it doesn't hold the 3.5c level then the last support level is 2.4c the 100% Fib retracement level. If that fails, then it is sub 2c , not 2c.

I wouldn't be touching this with other peoples money just yet. Not even I'm willing to risk a buy in this downtrend. It is in a downtrend unless it breaks higher from yesterdays close. As we so often see from the TA posters, until confirmation that the downtrend is over it isn't a buy, unless of course a person has some sound fundamental reasoning to do so.

My call was general at 2c, however now with a little more analysis my call stands that 2.4c is the last support level if 3.5c doesn't hold. Also BLR was 34.5c as I indicated as can clearly be seen below.

My apologies to PEN posters for this, as I said it is only because I was requested to do so. As I stated BLR was once a market darling, how the mighty has fallen.
Click to expand...



Yes Miner, and here we have it now at 1.9/2.0c....

Why am I not surprised?

Nobody is buying the scoping study that conveniently left out all inclusive costs, suggesting a low Opex. Also where is the cost for outsourcing milling if they go that way?

Yes PEN has copped a battering both here and elsewhere, but look at BLR now under half the sp of PEN after once riding a wave of popularity at 35c.

So which is the "dog"...The near producer advancing rapidly, or the stock that keeps on falling and is another 3 years away from a believeable feasibility study.

As BLR is now at 1.9/2.0c I believe I have been vindicated with my previous post as requested by admin.
 
springhill said:
Has it been used in an economical fashion in the mining industry before to create viable projects from previously uneconomic ones?
Click to expand...

BLR is dominating my search capability by "establishing a Joint Venture (JV) with Ablation Technologies LLC whereby the JV will have a licence to market the ablation process for applications in uranium (and associated minerals) on a world wide basis."

IMO, it would seem that the process works in the lab, but needs to be trialled in the field.
 
springhill said:
Has it been used in an economical fashion in the mining industry before to create viable projects from previously uneconomic ones?
Click to expand...


http://www.americanmineralscorp.com/media-center/press-releases?detail=13

"Ablation has been tested on a number of different deposits in the United States, including the Uravan Mineral Belt uranium/vanadium properties held by Amicor. It is expected that Ablation will be used in the mining recovery process at Amicor's mines."

Amicor is also establishing a JV with Ablation Technologies
 
For those of you who may have lost faith in the direction this company is going, may I draw your attention to the following.

An item to be ratified at the upcoming AGM is the issue of 25 000 000 fpo to Mr Glasier, who has 40 years experience in the Uranium industry as well as being a lawyer.

Mr Glasier could have become involved with any number of other U companies, but he decided to go with BLR.

While other companies in Wyoming, talk about a resource, BLR has delivered one currently JORC MII 90 Million lbs.

With the AGM fast approaching, and the need to raise further funds quite evident ( for day to day running of the company ) at this stage . . . . . . . . as we don't need to drill anything to increase the resource, don't be put off by recent comment on other sites and this one, that the company is going to be diluted to oblivion.

My reasoning for thinking the share price will soon get a move on is that the PEA is due soon, and management would be very aware that to successfully raise funds the share price needs to go for a run, so any offer is in the money , so to speak.

I think you will find that when the PEA is released the share price WILL likely move substantially, because it won't just be retail buyers in the market . . . . . . . . . . . I would think that people who have invested with the thoughts of Mr Glasier before, would be more than happy to follow him into his next project.

I will go outside my comfort zone, and guess there will be buying up to the 6 to 7 cent level shortly after the PEA
( All in my opinion ) partly based on recent valuations by Fosters ( An institutional dealer )

Allowing for the PEA news to be digested and an orderly wave of buying, you would suspect, that 2 weeks before the AGM the PEA might be released. Remember when the Feb 2011 options were close to expiry, bingo news out and share price ran hard.

Please don't put the house on it . . . . . . . . . although a little patience may pay handsomely.

See you at the AGM


GT 86
 
GT 86 said:
For those of you who may have lost faith in the direction this company is going, may I draw your attention to the following.

An item to be ratified at the upcoming AGM is the issue of 25 000 000 fpo to Mr Glasier, who has 40 years experience in the Uranium industry as well as being a lawyer.

Mr Glasier could have become involved with any number of other U companies, but he decided to go with BLR.

While other companies in Wyoming, talk about a resource, BLR has delivered one currently JORC MII 90 Million lbs.

With the AGM fast approaching, and the need to raise further funds quite evident ( for day to day running of the company ) at this stage . . . . . . . . as we don't need to drill anything to increase the resource, don't be put off by recent comment on other sites and this one, that the company is going to be diluted to oblivion.

My reasoning for thinking the share price will soon get a move on is that the PEA is due soon, and management would be very aware that to successfully raise funds the share price needs to go for a run, so any offer is in the money , so to speak.

I think you will find that when the PEA is released the share price WILL likely move substantially, because it won't just be retail buyers in the market . . . . . . . . . . . I would think that people who have invested with the thoughts of Mr Glasier before, would be more than happy to follow him into his next project.

I will go outside my comfort zone, and guess there will be buying up to the 6 to 7 cent level shortly after the PEA
( All in my opinion ) partly based on recent valuations by Fosters ( An institutional dealer )

Allowing for the PEA news to be digested and an orderly wave of buying, you would suspect, that 2 weeks before the AGM the PEA might be released. Remember when the Feb 2011 options were close to expiry, bingo news out and share price ran hard.

Please don't put the house on it . . . . . . . . . although a little patience may pay handsomely.

See you at the AGM


GT 86
Click to expand...


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


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.

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.

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.

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.
 
GT 86 said:
I will go outside my comfort zone, and guess there will be buying up to the 6 to 7 cent level shortly after the PEA
( All in my opinion ) partly based on recent valuations by Fosters ( An institutional dealer )
Click to expand...

This price target needs to be explained in much more detail than by simply referring to a supposed recent valuation by Fosters. When was the valuation released and it is it in the public domain? If so, feel free to attach it to a post in this thread for others to peruse and evaluate.

Also, it would be appreciated if you could respond to hangseng's objections to your post.
 
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
---------------------------------------------------------------------------------------------------------------------------------
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."
---------------------------------------------------------------------------------------------------------------------------------


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
 

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