BLR - Black Range Minerals
- Thread starter yogi-in-oz
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It was trading mainly at 24.5 cents during the day, however closed strong at 25 cents. Apparently my Broker has been telling me they have been very busy with their drilling and has been heavly backed by most Brokers. I would say they have some good results as I have gone through all the announcemnts and I can't find in any of the announcments that we were ready for Drilling results for at least another 3 months. So I would say they would be raising money after finding some good results to fast track their exploration.
Kind regards
Ang
Kind regards
Ang
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I'm sorry Ang ... but that is wrong ... most of the volume today was at 25.5c (3.23 mil) ... then there was 25c (2.44 mil) ... and 26c (1 mil) ... then a lowly 24.5 c (165,000)
BLR traded at 24.5 c for only ten minutes from 10.07 am.
So there was actually weakness before close, and only 70,000 shares changing hands after close .... also most movement of stock all day was in the last hour (2.68 mil), when the weakness was showing.
I just hope that those selling aren't the (non-existent) inside traders .... cause if the announcement is going to be really good ... those insiders should have been buying UP ... not selling down.
How will my nerves handle this .... LOL
Cheers ... Dave
BLR traded at 24.5 c for only ten minutes from 10.07 am.
So there was actually weakness before close, and only 70,000 shares changing hands after close .... also most movement of stock all day was in the last hour (2.68 mil), when the weakness was showing.
I just hope that those selling aren't the (non-existent) inside traders .... cause if the announcement is going to be really good ... those insiders should have been buying UP ... not selling down.
How will my nerves handle this .... LOL
Cheers ... Dave
Caliente
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interesting - all I know is that you'll have to pry the BLR shares from my numb fingers before I'll sell out/.
THe frontrunner scenarios are;
- Placement (hopefully by SPP)
- drilling results. (less likely)
Given the delay, more likely to be a placement. If its a SPP I will apply for my maximum allotment.
THe frontrunner scenarios are;
- Placement (hopefully by SPP)
- drilling results. (less likely)
Given the delay, more likely to be a placement. If its a SPP I will apply for my maximum allotment.
Caliente.
Well i hope its a placement to professionals/instos if it is a capital raising.
What happened to WMT is a rarity, normally in a SPP most dicks just sell on market, capping the share price, and selling at every chance for a quickie, shielding the price from any positive reaction to good news.
Professionals and instos buy and hold. They know what they are doing.
Well i hope its a placement to professionals/instos if it is a capital raising.
What happened to WMT is a rarity, normally in a SPP most dicks just sell on market, capping the share price, and selling at every chance for a quickie, shielding the price from any positive reaction to good news.
Professionals and instos buy and hold. They know what they are doing.
Well using that rational nizar I hope that I can conclude holders of WMT also know what they are doing.
Fingers crossed
Out Too Soon
My real name is King Julian ;)
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Placement completed today @ .24c... Ho! Hum!
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Caliente
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up and down sides to the ann.
1. no SPP for us, the holders (bad)
2. All 16.8 million raised within 2 days (good)
3. 24 cents (not an unreasonable price at all given BLR was in a trading range of 24-27 cents) [good and bad]
4. Stability of instos. Not likely to collect and dump on receipt of new shares. (pointed out to me by nizar). [good]
Now that the cash issue is out of the way - can we please get back to the d*mn drilling.
Go JORC something new already
1. no SPP for us, the holders (bad)
2. All 16.8 million raised within 2 days (good)
3. 24 cents (not an unreasonable price at all given BLR was in a trading range of 24-27 cents) [good and bad]
4. Stability of instos. Not likely to collect and dump on receipt of new shares. (pointed out to me by nizar). [good]
Now that the cash issue is out of the way - can we please get back to the d*mn drilling.
Go JORC something new already
actually..imo thats good news, placing 70m shares at 24c should ensure the SP stay around this range, if not push it even higher. With 16.8m in the bank they can now embark on speeding up drilling and move the company from an explorer to a producer..also it gives them the opportunites to aquire new projects.
Caliente
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hi sleeper - Brantley on Hotcopper has done some sensational investigative work on some acquisitions BLR have already been doing under the covers.
http://hotcopper.com.au/post_thread.asp?fid=1&tid=478887#1790339
You'll need a login methinks.
Seriously worth a read, esp. if you're a BLR junkie like I am.
http://hotcopper.com.au/post_thread.asp?fid=1&tid=478887#1790339
You'll need a login methinks.
Seriously worth a read, esp. if you're a BLR junkie like I am.
Interesting, there must be somthing wrong with Etrade announcement area as I can't get any of that info, i must check ASX. My caclulation on market depth is that it will open tommorow if all stays the same at 26 cents. only 2 cents upove what you guys are saying the IPO was.
kind reg
ang
kind reg
ang
Hey Caliente, yep..im a big fan of BLR and MLS (for that matter) BLR i believe is on of the few listed uranium explorers that can actually be producing in 1-2yrs time. I've read the posts on HC and they seem very interesting indeed. New acreage in the talyor ranch project could possible increase the exploration target. Having seen WHE's SP shoot to $2.67 after announcing it raised $20m through convertible bonds at $2 FV each, i believe this placement by BLR would have a similar effect on the SP. The only thing i was disappointed with is that us shareholders weren't given i chance to top up our holdings. There's no chance in h*%$ im selling this one.
My other U stocks are (MLS, SMC, WAS, MTN, PDN, AFR, WME, BYR, BYRO (potentially), GDN (waiting for their spin off), USAO).
If the U bubble burst..boy oh boy..am i gona live on the streets
(touch wood)this has now been narrowed down to the neighbouring Hansen Deposit.
Brantley appears to have uncovered via public records in Amercia that BLR has acquired the Hansen deposit.
More than 20m lb deposit alone. BLR could end up with a 40-50m lb deposit for their Taylor Ranch deposit.
Brantley appears to have uncovered via public records in Amercia that BLR has acquired the Hansen deposit.
More than 20m lb deposit alone. BLR could end up with a 40-50m lb deposit for their Taylor Ranch deposit.
