BTV - Batavia Mining

[krisbarry]

Good grief....

Have a look through the announcements.

Prior to 11/7/05 directors loading up on shares.

Announces the uranium stuff.

Directors start unloding shares.

HELLO!!!

How can they get away with that???

Or have I got this completely wrong? :twak:

No you have it completly wrong:

Source: Member "tibbs" (Sharescene)

All his shares were sold before the surge in price (ave sale 4.1 cents) - He lost big-time!

Below is an email response from him to an him enquirer about the sales of his shares:

Hello *****

Thanks for your feedback.

The joke is on me because I sold the shares at an average of just over 4 cents and today they are 6 cents. I should point out that the shares were not held directly by me but in my capacity as trustee for various family companies. There were compelling reasons for me to sell the shares none of which are related to the fortunes of Batavia.

Batavia should do very well in the next few months and I and all the Directors will all be working hard to achieve success.

I am Managing Director of Tennant Creek Gold which owns over 45 Million BTV shares and is by far the largest shareholder. I am a large shareholder in TNG and remain strongly committed to ensuring BTV's success.

Regards

Neil G Biddle

Director, Batavia Mining Ltd

 

[krisbarry]

N-power an option: Costello

By Shane Wright in Jakarta
05sep05

AUSTRALIA should consider nuclear power and boost uranium exports to countries eager to increase their own nuclear energy stocks, Treasurer Peter Costello said today.

Entering the debate over whether Australia should go nuclear, Mr Costello said it was unlikely that uranium-fired power would be cheaper in Australia because of the nation's ample coal supplies.

But he said it would seem strange to boost uranium exports to nations such as Japan and Europe while at the same time ruling out its use in Australia.

"On principle, we should accept it," he said.

"It would be pretty silly of us to export our uranium for other people but say we're in principle opposed to it for ourselves. That would be a pretty funny thing to do.

"I can't see it being commercial in Australia in the short term, but depending on where the greenhouse debate goes, ... nuclear energy I think will be seen as a much cleaner form of energy than carbon energy.

"I think it will be seen as a cleaner former of energy than carbon energy."

Mr Costello said that with stringent safety conditions there was no reason for Australia not to pursue nuclear energy.

Ultimately it would be up to energy companies to decide if it was economically viable to pursue nuclear.

"I don't think the Government should ban it. We should have rigorous safety standards, very rigorous safety standards, then it becomes a question of commercial provider," he said.

"If any state instrumentality believes that it's become commercial it should be left up to them to either develop it themselves or to commission a private developer into buy-back."

Mr Costello said demand for nuclear power would only increase around the globe.

With up to 70 per cent of known uranium reserves, Australia was in a great position to capitalise on this demand.

Source:

http://www.theadvertiser.news.com.au/common/story_page/0,5936,16497473%5E1702,00.html

 

[markrmau]

All his shares were sold before the surge in price (ave sale 4.1 cents) - He lost big-time!

The announcements seem to suggest they were bought at a little over 2c. I wouldn't call doubling your money losing big time.

Re the trustee stuff. That is just to minimise his tax (hive gains off to kids and wife).

And what were the compelling reason to sell a month or so after buying?

He made a crap load of money of course!

 

[krisbarry]

The announcements seem to suggest they were bought at a little over 2c. I wouldn't call doubling your money losing big time.

Re the trustee stuff. That is just to minimise his tax (hive gains off to kids and wife).

And what were the compelling reason to sell a month or so after buying?

He made a crap load of money of course!

markrmau, 'compelling reasons' to sell the shares could have mean anything! No need to worry your pretty little head over it.

 

[krisbarry]

BTV Update:

Pushing to get some assay results out this week, hopefully will have 2 to 3 holes completed, out of the total of 16 deeper extensional holes. Assay turnaround is running 2 - 3 weeks, pushing as hard as we can to get the core cut and samples into the lab. Drilling program should be completed in 3 weeks time.

Still on the acquisition trail for uranium tenements in the NT, have to co-ordinate with the Central Land Council for all exploration matters, a manageable process exists.

Source:

Member (aquajack) - HotCopper

 

[krisbarry]

Second Update:

Source: HotCopper

Member: naaman

Phoned Batavia, drilling results should be out tomorrow.

Was told by the director that he cannot understand why the sell off happened this morning. He put it down to panicking traders.

Well this sounds like good news to me, I await the results eagerly.
Must have been traders pushing the market down just to re-buy in at a lower price .

 

[Kauri]

Has anyone noticed that with small mining Co's in particular the S/P often rises just prior to a good drilling result announcement, maybe due to Geo's, drillers, lab staff, et al knowing what the results are?
Maybe BTV is different, but I am cautious on this one.

 

[krisbarry]

Not sure about the caution; as it has fully recovered its loss for the day and is now trading in postive territory.

 

[krisbarry]

Trading activity on the increase, awaiting partial drill results. Sounds like today.

Drilling exploration almost complete.

 

[krisbarry]

Sydney - Tuesday - September 13: (RWE Aust Business News) -

Batavia Mining Ltd (ASX:BTV) has received significant results from its
drilling at the main Deflector deposit at its Gullewa gold-copper project
in Western Australia.

A number of high-grade intercepts have been found including 4.9
metres at 19.2 grams/tonne gold and 0.94 per cent copper, 2.2m at 30.2g/t
gold, 5.96pc copper, 3.6m at 6.1g/t gold and 1.5m at 11.9g/t gold.

Drilling is continuing with the program 75 per cent complete and
12 holes remain to be finalised.

 

[Kauri]

KB.. Looks like .52 might provide intra-day support for you

 

[krisbarry]

Yes the market depth @ 5.2 is growing.

Bit dull in the action department after a good annoucement.

At the end of the day, seems like investors really couldn't give a hoot about the gold and copper. They want uranium!

As I said before Uranium will be the key driver of this stock and its current action will play out in the best place in Australia to be right now for Uranium mining, that is of the Northern Territory.

Even if no uranium is found for quite some time, BTV will still do considerable well, given its gold/copper resources and upcoming uranium exploration program.

IMO, BTV share price is well under-valued. Not in its market cap., but for the speculation surrounding drilling of Uranium.

 

[krisbarry]

Batavia announces 'landmark' uranium program in NT

12:35, Thursday, 15 September 2005

Sydney - Thursday - Sep 15: (RWE Australian Business News) -
Batavia Mining Limited (ASX code: BTV) today announced plans to commence
an aggressive $2 million exploration program covering its extensive
uranium portfolio in the Northern Territory.

This was after completion of a comprehensive review of all
project areas, including the acquisition of historical exploration data.
The "landmark" 24-month program is scheduled to commence during
the December quarter and will involve systematic testing of a wide range
of uranium prospects which have been meticulously reviewed, prioritised
and budgeted by the company over the past two months.

Advanced targets for roll-front or sandstone-type uranium
deposits have been identified at the Hale River prospect and advanced,
high-grade vein, pegmatite and structurally controlled targets have been
identified at the Harts Range and Eastern Arunta prospects - all of
which represent high priorities for the exploration program.

The company also announced a significant addition to its NT
uranium portfolio after making an application for ELA 24823 (757 sq km),
which covers the highly prospective Curtis Pound Prospect identified
from airborne radiometrics flown in 1971.

Shares in Batavia Mining rose 0.3c to 5.3c today.

 

[krisbarry]

Batavia flags uranium spend

Jesse Riseborough

Thursday, September 15, 2005

NEW uranium explorer Batavia Mining claims it will begin a $2 million exploration program on its uranium tenements in the Northern Territory in December.

The company, which had cash at the end of the last quarter of $1 million, acquired the ground in July and says the new program will take two years to complete.

The major focus of the program will be at its Hale River and Plenty Highway prospect where the company plans to spend $800,000 on a ground radiometric survey, to then be followed up by closed-spaced drilling of high intensity zones.

A budget of $600,000 has been allocated to its Harts Range prospects, covering five exploration licences, including field mapping, ground surveys and follow-up drilling. An additional $300,000 has been set aside for its Mount Sainthill prospect in the Eastern Arunta region of the NT including field mapping and surface sampling.

The company also said it had recently acquired the Curtis Pound prospect, 150km south of Tennant Creek and covering 757.4sq.km, after applying for the tenement in July. Some $300,000 has been allocated to Curtis Pound, which was said to contain nine airborne radiometric anomalies, for mapping, sampling and potentially follow-up drilling.

 

[Kauri]

And equally relevant I think.....seeing as they already have over 100,000,000 options on the market and no stated debt facilities. Kris, have you heard in what form the raising will take?

On page 2 of release...
The Company is reviewing its options in relation to raising additional funds to fund this program and will advise the market once a decision has been made.

 

[krisbarry]

Unsure at this stage what form of raising will take place, could be:

* Options expire in June 06, which will give a capital injection of $3 million
OR
* A Share Placement

BTV have plenty of gold/copper in reserve, so this could fund the uranium exploration project too.

 

[krisbarry]

Extra information about the options BTV holds:

BTVOA - Options expire in 15th of Jun 06 @ 0.05 cents

A second parcel of options listed:

BTVO - Optons expire in Sep 06 @ 0.20 cents

 

[krisbarry]

Even if a share placement does occur, it will most likely be sometime in the new year and by that time I suspect the share price to be much higher due to the nature of the uranium hype. Hence the amount of shares to be placed on the market will be less and at a higher share price than its current level.

The above is IMO.

 

[krisbarry]

Somehow the last 2, very positive annoucements have caused little more than a ripple in a very large pond.

Cannot work it out!

Someone seems determined to hold BTV down.

My only reasoning at this stage is that the market wants to accumulate BTV at a very low share price.

Any comments?

 

[el_ninj0]

Just because nuclear power is a hot topic at the moment, it doesn't mean that every little uranium mining company is going to boom. What is the likelyhood of BTV actually going anywhere?, thats what the investers want to know.
Take a look at RTM for example, as soon as a uranium possibility was mentioned, they immediately went up, and went down again, no suprise there. I dont know if BTV will do the same. Its probably worth a closer look at, but we need better information than is available to make an educated decision in my opinion.