Australian (ASX) Stock Market Forum

BLZ - Blaze Minerals

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YOUNG_TRADER said:
I reckon its got the ingredients to do a GSE type traders run
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GSE was nice but its not the benchmark anymore.

I think it was late dec/early jan when MMB ran from 14.5c to $1+ in about a week. Gotta love those traders runs! :D
 
YOUNG_TRADER said:
Traders are running rampant with this,

Got up to 4.6c on huge volume, then about 5m disappears off the bid screen,

Still did surpass previous high of 4.4c

I reckon its got the ingredients to do a GSE type traders run
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Hi Y_T, Spot on once again, always good to jump on your stocks as they lift off, and many would do well to watch the ones that haven't yet, imho. Providing they note this is a speculative sector and accept the odd one that gets away. Good Luck to you Y_t
 
kennas said:
Thanks Abyss, will be interesting to hear from them. They're probably new enough to give you a reply. If not, then maybe we can question their communication/marketing skills. Must say, I'm concerned that they are a tech company jumping on the u bandwagon. Not too much credibility there. Perhaps. I wonder what the directors backgrounds are in. Not likely to be geo's I'd say....
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Well, atleast the management looks good on paper and have some experience in mining. Some of the highlights IMO:
- Non-executive director Peter Landau: Formerly of Clayton Utz (a quality law firm) with experience in Corporate Law. In addition to Blaze, he has been a director in Konekt, View Resources, Nuenco NL, Niagra Ltd, Range Resources and Continental Gold Fields (all of which, with the exception of Konekt are in Mining).
- Non-executive chairman Peter Harley: previously a director or similar position of iiNet (yep, the iiNet), Gunson Resources Ltd and Perilya Ltd (Perilya's website proudly claims that they are the third largest Zinc producer listed on the ASX).
- Also, for what its worth, they have quality legal representation (Minter Ellison) and arguably good auditors (HLB Mann Judd). I'm not sure if that really means anything

Tell you what though, I'm looking forward to this special meeting, will be interesting to watch. I intend to be in attendance and would be happy to put forward any reasonable questions.

I'm in, its a spec, but an attractive one.

Ted
 
Managed to pick up 3m options at 0.001 today :D

They have until june and are exerciseable at 10c so are both well out of the money and have a very short life span left, but can't argue with the leverage! ;)
 
YOUNG_TRADER said:
Managed to pick up 3m options at 0.001 today :D

They have until june and are exerciseable at 10c so are both well out of the money and have a very short life span left, but can't argue with the leverage! ;)
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If the BLZ Share price gets to 11c then your options will be worth $30000AU from $3000AU. Not a bad ten bagger if it comes in!
 
Check out MPO, had MPOOA 10c opies expiring same time,

When MPO was at 5c MPOOA were trading around 0.5c
When MPO got to 7c MPOOA got to 1.5c
When MPO got to 10c MPOOA got to 3.5c


So I reckon all BLZ will need to reach is 7c and I should get 1c BLZO = 10 Bagger, lets wait and see
 
YOUNG_TRADER said:
Check out MPO, had MPOOA 10c opies expiring same time,

When MPO was at 5c MPOOA were trading around 0.5c
When MPO got to 7c MPOOA got to 1.5c
When MPO got to 10c MPOOA got to 3.5c


So I reckon all BLZ will need to reach is 7c and I should get 1c BLZO = 10 Bagger, lets wait and see
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Hope it works out for you YT. So in effect you're risking 3 grand. But the rewards could be huge.

I thought the oppies are only in the money if the shares go to 10 cents..and there isnt much of a time window for that to happen?
 
Chris, did you read my observations of MPO?

Yes exercise is 10c, but most of the time you don't need the SP to get there for the opies to start moving
 
YOUNG_TRADER said:
Chris, did you read my observations of MPO?

Yes exercise is 10c, but most of the time you don't need the SP to get there for the opies to start moving
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Naa i know what you mean..but wouldnt investors be wary about chasing the oppies when they exercise date is only 3 months away?

I know I would be. Maybe if they extended the expiry date though..that would make them really attractive.
 
Another example, HTM proposing to get started with some U leases in Northern Territory

About 200m shares + 30m 10c opies with Sept 1008 expiry

Shares at 7c, opies at 2.5c

I know that they have much longer expiry than BLZO but at 0.001 - 0.005 BLZO offer huge upside IMO once the SP starts to run
 
YOUNG_TRADER said:
Another example, HTM proposing to get started with some U leases in Northern Territory

About 200m shares + 30m 10c opies with Sept 1008 expiry

Shares at 7c, opies at 2.5c

I know that they have much longer expiry than BLZO but at 0.001 - 0.005 BLZO offer huge upside IMO once the SP starts to run
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When do you expect BLZ to start running?
 
Can't say,

Whenever they release an update re their U projects surrounding and I do mean completely surrounding Yeerilie or work program etc

I'd say by the end of April Max
 
I took a look at the spot U price and realised all the stars are coming into alignment,

ie Labour Party U conference, probably the single most significant Uranium related development of our time

A spot price fast approaching $100 US a lb

More flooding at ERA's Ranger + a 2010 start up for Cameco's Cigar Lake

IMO BLZ will be one of the Aussies who will definately benefit from a change in policy, its grounds are just too prospective! (Nearology to the max!)

Bought another 3M options today

BLZ

Mkt Structure

Shares
370m
210m 10c 30/6/07
115m unlisted opies

So sub 10c fully dilluted Current Issued Capital = 370m (this includes the yet to be issued shares for takeover of Yeelirrie Uranium)

Mkt Cap @ 3c = $11m Current
Mkt Cap @ 4c = $15m
Mkt Cap @ 5c = $18.5m
Mkt Cap @ 6c = $22m
Mkt Cap @ 7c = $26m
Mkt Cap @ 8c = $30m Target
Mkt Cap @ 9c = $33m
Mkt Cap @ 10c =$70m (But will get $32.5m cash from the options)


Cash
Unsure at the moment


Projects

Yeelirrie Uranium, 100%, W.A.
Is taking over Yeelirrie Minerals, whos Uranium porjects completely surround BHP's Yeelirrie deposit bar a few minor pockets held my ENR

Very Very high SPEC Appeal!

As a comparison

ENR with 60m shares @ 50c = $30m
Now BLZ will have a much much larger land holding surrounding BHP's Yeelirrie, about 4x from what I can see from the Map, so at the least I would expect a minimum mkt cap of $30m = 8c BLZ!



Not one to ignore, my experience with these small spec U companies that have grounds in Elephant country ie GSE in Qld near Mary Katheleen (Doesn't even compare to BLZ imo) is that they suddenly surge and surge hard!


The Legend for the Map
The pinky brown is BLZ's grounds
The clear white is BHP's
And finally the white with dots is ENR's
The dark brown is the "Mapped Calcrete
and the Blue Dotted line is "Yeelirrie Valley"
 

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YT obviously you didn't buy BLZ last year when they annouced their media mobile phone services to China. ("To China!!! Wow let's BUY!!!!") Share went to .05cents and then died for the next 50 weeks down to .025 .. after ... what? the Chinese didn't like their MM avatars?

Now they are into Uranium? ("URANIUM!!!!! Wow, they'll be selling to China or BHP!!!!! Lets BUY!!!!") Like Pocketmail (PKT) another opportunistic clueless hopeful. Where did they get the idea to buy a uranium plot? From some business consulting service I bet.

You get companies like RBM whose share price gets the bejeezus beaten out of it just, because they are late with production thanks to cyclones, yet are specialists in the field of Cu and are sitting on something quite probably as big as CDU, and then you get mickey mouse phone companies who are now into Uranium, and you like the mickey mouse phone company????
 
Atomic5 said:
YT obviously you didn't buy BLZ last year when they annouced their media mobile phone services to China. ("To China!!! Wow let's BUY!!!!") Share went to .05cents and then died for the next 50 weeks down to .025 .. after ... what? the Chinese didn't like their MM avatars?

Now they are into Uranium? ("URANIUM!!!!! Wow, they'll be selling to China or BHP!!!!! Lets BUY!!!!") Like Pocketmail (PKT) another opportunistic clueless hopeful. Where did they get the idea to buy a uranium plot? From some business consulting service I bet.

You get companies like RBM whose share price gets the bejeezus beaten out of it just, because they are late with production thanks to cyclones, yet are specialists in the field of Cu and are sitting on something quite probably as big as CDU, and then you get mickey mouse phone companies who are now into Uranium, and you like the mickey mouse phone company????
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Atomic, you don't understand how YT operates. He's essentially a fundamentalist trader. No, that's not an oxymoron. He buys undervalued companies and sell when they moved above his target price, whatever that may be.

At least that's my observation of YT, and doubtless YT will be more than welcome to correct any of them.
 
Mousie said:
Atomic, you don't understand how YT operates. He's essentially a fundamentalist trader. No, that's not an oxymoron. He buys undervalued companies and sell when they moved above his target price, whatever that may be.

At least that's my observation of YT, and doubtless YT will be more than welcome to correct any of them.
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Couldn't have said it better myself Mousie

Atomic lets wait and see,
 
BLZ undervalued?

They'll play with it, pump it, dump it and suckers will lose money. I get it. I got it with GSE. Nice game. What do you call it? Investing? Or gambling?

No offense YT but I dont buy anything you recommend because I know what I am in for.
 
Atomic5 said:
BLZ undervalued?

They'll play with it, pump it, dump it and suckers will lose money. I get it. I got it with GSE. Nice game. What do you call it? Investing? Or gambling?

No offense YT but I dont buy anything you recommend because I know what I am in for.
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Hi,

YT has recommended a lot of companies to us and i will tell you the truth i dont invest in most of them but there are some companies i do invest into because i did my own research and looked at the potential myself. I dont think you can just blatantly say that i dont buy anything you recommend, its more you should do your own research of the company and decide what you should invest into. :)
 
Atomic5 said:
BLZ undervalued?

They'll play with it, pump it, dump it and suckers will lose money. I get it. I got it with GSE. Nice game. What do you call it? Investing? Or gambling?

No offense YT but I dont buy anything you recommend because I know what I am in for.
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I think you are way out of line Atomic.

Have a good look at YT's record. Just to name a few:

JMS
EVE
HLX

All of these are still well above his initial recomendations.

Sure some of his recomendations may not work out, but hey this is the market - there are no guarantees.

All in all though, if you had followed his advise all through 2006 you would have quite a healthy bank balance. I have followed him into a number of companies (albeit after doing my own research first) and been very well rewarded overall.
 
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