BTV - Batavia Mining

[Kauri]

Drill results would be good, but there may be a bigger play to come.

 

[Epsilon]

Booming along this arvo and next lot of drill results due within weeks.

More high grade gold and copper is what the shareholders want!

Kris.....Gold has not YET caught up with "punters" mate. Unless of-course a company comes up with spectacular results.....
Uranium is STILL the flavour of the month....BY FAR......
BTV will move soon. When the Uranium drilling programme gets underway.

Until then don't expect any "serious" upward movement....

Cheers))

 

[krisbarry]

I agree, but to pass the time gold and copper will keep BTV alive.

 

[krisbarry]

Mr Greg Durack, Managing Director of Batavia Mining Limited, will be presenting Batavia’s Future Growth Strategies at the upcoming 'Resources Rising Stars’ Conference to be held on 30 September 2005 at the Royal Pines Resort on the Gold Coast.

Should be interesting to hear what he has to say.

 

[Kauri]

Give it a rest, your giving me a headache!

Do your own research and post something contructive please!

OK Kris, done some research and have tried to come up with something constructive... now I've shown you mine...you show me yours

 

[krisbarry]

I do like the sound of a spin-off company, I am sure you noticed the hot stock today was FAST SCOUT LIMITED (FSL). Tech to Miner and Kabooom!

 

[Kauri]

I do like the sound of a spin-off company, I am sure you noticed the hot stock today was FAST SCOUT LIMITED (FSL). Tech to Miner and Kabooom!

Kris..........
Yes..noticed FSL.. also noticed a fishy smell... my opinion only but definitely not one to hold overnight..
Tech to Miner and Kabooom just may be right.
Read the ann. and tell me what you think.

 

[farmboy]

5.33pm Thursday - BTV rights issue announced - no full details yet

 

[markrmau]

5.33pm Thursday - BTV rights issue announced - no full details yet

Fully underwritten. I'm impressed (but not a buyer).

4c.

 

[krisbarry]

Glad I sold out today @ 5 cents, slight loss but jumped on PNO for the ride and will buy back into BTV at a later date.

 

[krisbarry]

Batavia Mining Ltd (ASX code: BTV) today announced significant results
from the current deep drilling program at the main Deflector Deposit at
its wholly-owned Gullewa Project in Western Australia, with the drilling
returning further high-grade gold and copper intercepts within the West
and Central lodes.

The highlight was an "outstanding" intersection of 9.00m at 65.2g/t gold and
3.95 per cent copper. Additional high-grade copper and gold intercepts
returned from the West and Central Lodes were 2.00m at 7.30g/t Au and
0.54% Cu, 2.88m at 11.8g/t Au and 0.38% Cu, and 2.10m at 7.11g/t Au.

The deep drilling program is now complete with sample assaying
of the remaining eight holes to be completed by the end of October.

New results are to be incorporated in an updated Deflector
resource model.

Shares in Batavia were steady at 4.7c today.

--

A good find for BTV, although I suspect that the share price will not rise by too much, two reasons: 1st. Last time they found high grade gold and copper the price went up a little, then straight back down again. 2nd. Up coming share placement of 67 million @ 4 cents will be in the back of investors minds. I suspect a high of 5.3 cents then a close of 5 cents IMO. I could be wrong though, stranger things have happened.

** I do not hold **

 

[canny]

I think lat nights ann could give the price a decent shove today.
I'm hoping so - but the market will let us know!!

High grade copper - gold in a hungry market may be received well.

 

[krisbarry]

Yep, got the high right of 5.3 cents, now just got to get the closing price right and we have a winner. LOL

 

[krisbarry]

Yep and I got the close almost right too, out by 0.01 cent, how kewl is that!

 

[krisbarry]

Issuing of the shares commences soon, so hopefully the share price improves a little as it has dropped quite a lot over recent months.

Just have this funny feeling that the Uranium hype/bubble may have or is just about to burst.

A flood of new mining entrants over the past few months has seen investors diving on them and then fleeing. But now the hype is a little more subtle. No where near the amount of investors diving on small cap mining stocks.

Have investors just had enough of the hype, or is it real?

Maybe the market is just too flooded now.

There also seems to be possible uranium mining problems/issues with the pollies. One minute they are talking it up, then the next minute they are talking it down and passing moves to block more mines within Aust.

I do not hold

 

[Kauri]

Just to put into perspective the masses of little exploration companies scurrying around securing leases and sourcing scintillameters... these Aussie potential mines are already miles ahead of them. In at least one case,Kintyre, a small pilot plant was built on site and metalurgical process worked out.
Maybe it is best if the state govts. do hold off on new mining, it will give the very few new U companies who manage to survive time to catch up.

August 2005

Australia's Uranium Deposits and Prospective Mines



--------------------------------------------------------------------------------
Summary of Resources Available in Major Deposits and Prospective Mines
Deposit Grade U3O8 Contained U3O8 category
Jabiluka, NT 0.51% 71 000 t reserves
plus: 1.10% 17 000 measured & indicated resources
0.48% 75 000 inferred resources
Kintyre, WA 0.2-0.4% 35 000 t reserves & resources
Honeymoon, SA 0.84m% 3300 t resources
Billeroo West (Gould Dam), SA 0.12%, 0.33 m% 2 000 t indicated resources
Koongarra, NT 0.8% 14 540 t reserves
Yeelirrie, WA 0.15% 52 000 t indicated resources
Mulga Rock, WA 0.11% 46 000 t estimated resources
Westmoreland, Qld up to 0.2% 21 000 t inferred resources
Ben Lomond, Qld 0.25% 4 760 t resources
Maureen, Qld 0.123% 3 000 t resources
Manyingee, WA 0.09% 12 000 t indic & inferred resources
Lake Maitland, WA 0.05% 7 863 t indic & inferred resources
Oobagooma, WA ? 9 950 t resources
Valhalla, Qld 0.144% 16 500 t indicated resources
25 000 t inferred resources

Angela, NT 0.1% 10 250 t reserves
Lake Way & Centipede, NT ? 8900 t resources
Curnamona, SA ? ?
Mt Gee, SA 0.073% 33,000 t inferred resources
Prominent Hill, SA 120 ppm 9900 t inferred resources

 

[Kauri]

Looks like BTV want to issue another 50,000,000 shares in a raising for Gullewa, have they finished the raising for the U tenements yet?

 

[krisbarry]

Looks like BTV want to issue another 50,000,000 shares in a raising for Gullewa, have they finished the raising for the U tenements yet?

Raising for the U tenemant finishes in mid Nov., but I think they will struggle to sell all of them at 4 cents when you can buy them on the market at less than 4 cents.

Yes I noticed that too, doesn't look promising. I still think BTV has lots of potential in the long-term but this is just so much share dilution now. The share price will suffer for quite sometime to come.

maybe I got out at the right time.

 

[Kauri]

Raising for the U tenemant finishes in mid Nov., but I think they will struggle to sell all of them at 4 cents when you can buy them on the market at less than 4 cents.

Yes I noticed that too, doesn't look promising. I still think BTV has lots of potential in the long-term but this is just so much share dilution now. The share price will suffer for quite sometime to come.

maybe I got out at the right time.

And just noticed a bucketfull or two of directors options too.. isn't it amazing how these types of announcements always come out after market on Fridays.. have yet to see a drilling assay report come out at that time..

 

[krisbarry]

Yes also noticed that too, I think greed is setting in...no wonder the director sold a parcel of his shares some months back at 5 cents, he knew what was around the corner so to speak.

Kinda feel for current shareholders...it will be many months now b4 they recover from all this dilution.