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BLZ - Blaze Minerals

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Up another 10%+ on volume of over 1mil, will need to do some work to clear 4.6c (currently @ 4.3c) once (if) it clears 4.6c it will be in blue skies,

As Nizar has said company meeting today around 4pm our time, so tomorrow will be interesting
 
YOUNG_TRADER said:
Up another 10%+ on volume of over 1mil, will need to do some work to clear 4.6c (currently @ 4.3c) once (if) it clears 4.6c it will be in blue skies,

As Nizar has said company meeting today around 4pm our time, so tomorrow will be interesting
Click to expand...

Well 3m traded now and still around 4.3c, so its doing the hard work to clear 4.6c and get to blue skies, hard yards still lie ahead
 
YOUNG_TRADER said:
Up another 10%+ on volume of over 1mil, will need to do some work to clear 4.6c (currently @ 4.3c) once (if) it clears 4.6c it will be in blue skies,

As Nizar has said company meeting today around 4pm our time, so tomorrow will be interesting
Click to expand...

Will be at the meeting today. Looking forward to it.

TedE
 
LOL Brad, extrapolate?!

Do you mean explain??

vWAP is the volume weighted average price for the day.

The open was 3.9 today, the close 4.3.

To have vWAP at 4.2224, is bullish because higher prices didnt deter buyers, and most of the buying was done at the higher end of the days trading range,
 
Apologies for the lateness, my phoneline at home is down meaning my broadband is down... bloody Telstra.

Anyway, the meeting was good. Harley was confident. He was particularly. The formal part of the meeting only took about 3 minutes. The resolution passed unanimously.

Following the formal part of the meeting they took questions. I asked about the time frames involved. They are starting with an EM Survey which they said was starting almost immediately. The timelines I took down were:
- (from the start of the EM Survey): 4-6 weeks for the survey and analysis
- Another 4 weeks to get on the ground after the survey
- Intense Activity for the next 3 months.

Someone else asked about where the expertise was coming from. They've employed "highly resepcted" outside consultants who are skilled in Uranium..

Someone else asked about the amount of land and position next to BHP. Management stressed that it was alot of land in a good area.

All in all, went away happy. Will post again if I remember anything else significant.

Ted
 
TedE said:
Apologies for the lateness, my phoneline at home is down meaning my broadband is down... bloody Telstra.

Anyway, the meeting was good. Harley was confident. He was particularly. The formal part of the meeting only took about 3 minutes. The resolution passed unanimously.

Following the formal part of the meeting they took questions. I asked about the time frames involved. They are starting with an EM Survey which they said was starting almost immediately. The timelines I took down were:
- (from the start of the EM Survey): 4-6 weeks for the survey and analysis
- Another 4 weeks to get on the ground after the survey
- Intense Activity for the next 3 months.

Someone else asked about where the expertise was coming from. They've employed "highly resepcted" outside consultants who are skilled in Uranium..

Someone else asked about the amount of land and position next to BHP. Management stressed that it was alot of land in a good area.

All in all, went away happy. Will post again if I remember anything else significant.

Ted
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Thanks for that Ted/
Sounds like good news, i would really like an announcement regarding those consultants so the market will know BLZ is serious about uranium.

YT - You know any journos that can do a write up on this one?
Ill make some calls, see what i can do.

Cheers
 
nizar said:
Thanks for that Ted/
Sounds like good news, i would really like an announcement regarding those consultants so the market will know BLZ is serious about uranium.

YT - You know any journos that can do a write up on this one?
Ill make some calls, see what i can do.

Cheers
Click to expand...

Niz I don't think any of them would bother, there's been far too many U plays lately so I think they're over the whole next big spec u play,

That being said, you'd think any junior operating around and I do mean completely around the worlds biggest calcrete deposit would warrant some attention,

I think Paul Nojin from Invest for Profit backed ENR which is the other player in the region, who knows he maybe interested in Blaze, just guessing though
 
It would be nice to know what Blaze actually wish to achieve.
Maybe they intend to just start sinking a few holes and hope that BHP buys them out in the near future before they burn up too much cash?
Looking at the previously posted map, it looks as though BHP already own quite a bit of prospective land around the defined deposit.
I'm no geologist, but my very basic layman's understanding of uranium mineralisation tells me that uranium is more likely to deposit in the lower elevations of a valley. That being the case, to me it looks that ENR hold the more prospective areas around the currently defined deposit?
 
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Yeah Kennas, next few days should interesting.
Fow now, a technical breather after yesterdays blow-off.
 
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