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BLZ - Blaze Minerals

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I just want this to consolidate above 4c, or even at 4c.
That will be a good base for the next run after their announcements.
The initial run was from 2.5c to 4.6 the peak, then recently 3.2c to 5.7 the peak.
The next run using 4c as a base would be nice.

Yesterday i feel if there was more sustained trading above 5c then the oppies wouldve ran but it wasnt meant to be.

Oh well we were well aware of the risks, but i personally think its not over yet.
 
Was just about to say BLZ doing alot of hard work to get throught the 5c level when I saw it go in pre-open,

Ann is coming out
 
They've hit the ground running,

Already commenced an Airborne Radiometric Survey, to be completed by end of this month,

Results interpretatio by the end of May, with follow up ground work to commence shortly after that,
 

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I just found some very interesting info,

This was released by BLZ yesterday regarding board changes,

The Company is pleased to announce the appointment of Mr Vincent Hyde to the Board as non-Executive Director. Mr Hyde has over 40 years banking and corporate advisory experience. He previously held the role of Managing Director of a merchant bank for many years with his responsibilities including overall management and
performance of the operations in Australia, South East Asia, Republic of South Africa, United Kingdom, France, Germany and North America. Mr Hyde currently sits on the board of ASX listed company Prime Minerals Ltd, and is a member of the Australian Institute of Export and the National Institute of Accountants. An Appendix 3X isattached in respect of Mr Hyde’s appointment.

A bit of digging on Prime Minerals (PIM) and Mr Hyde revealed the following,

RADIOMETRIC SURVEY TARGETS URANIUM ANOMALIES AT LAKE MASON
Prime Minerals Limited (“Prime”) is pleased to announce it has now commenced a detailed airborne radiometric-magnetic survey over its Lake Mason uranium project area. Prime’s 100% owned Lake Mason uranium project lies 40 km to the south west of BHP Billiton’s Yeelirrie uranium deposit, which is the worlds largest calcrete uranium deposit containing 52,000t of uranium oxide. As well as close proximity, the Lake Mason and Yeelirrie lake systems have developed during similar climatic conditions over a similar granitoid basement. (Refer to Figure 1) The objective of the survey is to define surface radiometric anomalies additional to Prime’s Bolitho Bore, where minor exploration defined a pre-JORC target mineralisation of 170,000 kg (374,000 lbs) of uranium oxide. A secondary objective is to define litho/chemical and hydrological trap sites where uranium mineralisation has accumulated below the surface, followed by a detailed air core drilling program.

Prime holds two tenements totalling 400 square kilometres covering and surrounding Lake Mason. Within these tenements, data from the previously flown wide spaced airborne surveys indicates the presence of calcrete hosted uranium mineralisation, and previous air core drilling has shown that the majority of this mineralisation is “blind” or is covered by shallow recent lake sediments or alluvium. The detailed survey will greatly increase Prime’s knowledge of uranium distribution and allow prioritisation of targets for ground follow up. A total of 5,707 line kilometres will be flown at a line spacing of 100 metres and a sense height of 20 – 30 metres (Refer to Figure 2). The survey is expected to be completed by end of April with the results being interpreted by end of May. It is expected that ground reconnaissance, ground radiometric surveying, geological mapping and drill targeting will be completed mid year.Further Enquiries
Vincent Hyde
Chairman

Now this was BLZ's work program from yesterdays ann

The survey is expected to be completed by end of April with the results being interpreted by end of May. It is expected that ground reconnaissance, ground radiometric surveying, geological mapping and a detailed air core drilling program will follow.

Sounds like Mr Hyde has taken charge and he knows what he's doing!
 
YOUNG_TRADER said:
I just found some very interesting info,

This was released by BLZ yesterday regarding board changes,

The Company is pleased to announce the appointment of Mr Vincent Hyde to the Board as non-Executive Director. Mr Hyde has over 40 years banking and corporate advisory experience. He previously held the role of Managing Director of a merchant bank for many years with his responsibilities including overall management and
performance of the operations in Australia, South East Asia, Republic of South Africa, United Kingdom, France, Germany and North America. Mr Hyde currently sits on the board of ASX listed company Prime Minerals Ltd, and is a member of the Australian Institute of Export and the National Institute of Accountants. An Appendix 3X isattached in respect of Mr Hyde’s appointment.

A bit of digging on Prime Minerals (PIM) and Mr Hyde revealed the following,

RADIOMETRIC SURVEY TARGETS URANIUM ANOMALIES AT LAKE MASON
Prime Minerals Limited (“Prime”) is pleased to announce it has now commenced a detailed airborne radiometric-magnetic survey over its Lake Mason uranium project area. Prime’s 100% owned Lake Mason uranium project lies 40 km to the south west of BHP Billiton’s Yeelirrie uranium deposit, which is the worlds largest calcrete uranium deposit containing 52,000t of uranium oxide. As well as close proximity, the Lake Mason and Yeelirrie lake systems have developed during similar climatic conditions over a similar granitoid basement. (Refer to Figure 1) The objective of the survey is to define surface radiometric anomalies additional to Prime’s Bolitho Bore, where minor exploration defined a pre-JORC target mineralisation of 170,000 kg (374,000 lbs) of uranium oxide. A secondary objective is to define litho/chemical and hydrological trap sites where uranium mineralisation has accumulated below the surface, followed by a detailed air core drilling program.

Prime holds two tenements totalling 400 square kilometres covering and surrounding Lake Mason. Within these tenements, data from the previously flown wide spaced airborne surveys indicates the presence of calcrete hosted uranium mineralisation, and previous air core drilling has shown that the majority of this mineralisation is “blind” or is covered by shallow recent lake sediments or alluvium. The detailed survey will greatly increase Prime’s knowledge of uranium distribution and allow prioritisation of targets for ground follow up. A total of 5,707 line kilometres will be flown at a line spacing of 100 metres and a sense height of 20 – 30 metres (Refer to Figure 2). The survey is expected to be completed by end of April with the results being interpreted by end of May. It is expected that ground reconnaissance, ground radiometric surveying, geological mapping and drill targeting will be completed mid year.Further Enquiries
Vincent Hyde
Chairman

Now this was BLZ's work program from yesterdays ann

The survey is expected to be completed by end of April with the results being interpreted by end of May. It is expected that ground reconnaissance, ground radiometric surveying, geological mapping and a detailed air core drilling program will follow.

Sounds like Mr Hyde has taken charge and he knows what he's doing!
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Yeh everythings on track with this one.
I just picked up another 2.5mil oppies this time at 0.002, but from a separate account.
BLZO in my opinion are much lower risk now than when I bought my 3.5mil at 0.001, since the heads are in blue sky and uranium exploration is underway.
 
Looks promising but the anomalies are low order. They may find buried calcretes. Better luck in ECH I fink.
 
YOUNG_TRADER said:
I just found some very interesting info,


The Company is pleased to announce the appointment of Mr Vincent Hyde to the Board as non-Executive Director. ]Mr Hyde currently sits on the board of ASX listed company Prime Minerals Ltd. A bit of digging on Prime Minerals (PIM) and Mr Hyde revealed the following,


Sounds like Mr Hyde has taken charge and he knows what he's doing!
Click to expand...

Yes, note the contiguous ground holdings, the common address and now the common directors......you can join the dots? Note also that Hyde was recently put on the board of Ironbark (IBG) as well.

I wouldn't say he's in charge, though......
 
Updated chart.
Blue skies now (52-week high), hasnt closed above 5c since October 2005.
Volume confirmation is there.
 

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This seems to have slipped off everyones radar atm.Not sure what to make of the depth on the options-1 buy in at .001.What the hell does that mean,:confused:
 
alankew said:
This seems to have slipped off everyones radar atm.Not sure what to make of the depth on the options-1 buy in at .001.What the hell does that mean,:confused:
Click to expand...

Im still holding.
It was always going to be a hit or miss for me. I either win big on this one or i dont win at all.
But i knew that risk going into it.
Happy to be holding, should get interesting as we near the end of May.
 
Can anyone explain the reason that the buyer of the options is only offering to buy 1 option.Nizar dont think we have much choice but to hold if there are no buyers or have i misunderstood things-can you excersis the options and buy the heads
 
alankew said:
Can anyone explain the reason that the buyer of the options is only offering to buy 1 option.Nizar dont think we have much choice but to hold if there are no buyers or have i misunderstood things-can you excersis the options and buy the heads
Click to expand...

The exercise price for the options is 10 cents and BLZ is only trading at 3.8 cents. So if you want to pay an extra 10 cents on top of the amount you paid for the options..well yeah then you can convert them. Its not worth your while atm though because you could buy BLZ at 3.8 cents. The oppies look like they will be out of the money unless some major news comes through within the next month..so you still have a little bit of time
 
Thanks for the rply to a stupid question:eek: Fingers crossed that something comes out in the next few weeks
 
As Nizar said it was an all or nothing play, high risk with very high reward

As for news, well the survey they flew over Yeerilie should be interpreted by Early/mid June

Some nice channel extensions/anomolies would be good! :D
 
Bit of movement today although still light volume. Up 12.5%. Anyone have any info on what is the likely cause. Not expecting survey results for a while yet.
 
mickqld said:
Bit of movement today although still light volume. Up 12.5%. Anyone have any info on what is the likely cause. Not expecting survey results for a while yet.
Click to expand...

Still a few hours before the ASX close but this ones looking good.
Another white candle with a 500k buyer at 4.3c.

Notice that the transaction that kicked off todays volume was a 550k buy.

Also i just noticed that the 3.25m oppies at 0.001 just got cleaned up by one buyer. It was a bit of a joke that they were there. Last time there were sellers at 0.001 the price of the heads was 2.8-3c.
 
2mrw is pretty important for this stock.
2 white candles in a row now. Volume not substantial but there.
MACD about to cross positive.

Lets see if it can keep up the momentum, looks to me like its set for another run....:2twocents
 

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