Sean K
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Damn! Broken through and I miised it. Had an order in at $0.05 and it just smashed through. Maybe it'll come back.. 
BTV - Batavia Mining
- Thread starter krisbarry
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closed at 5.4c on great volume. Could see 5.8c by friday (ascending triangle target and next resistance). Did you get on kennas?
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Yeah - looking really interesting... Someone sold me the oppies at 0.014 as well which i was very surprised at (couldn't beleive my luck in fact!!!) - time will tell, but this is looking very promising... AUZ turned nicely as well - all in all a good day...
Sean K
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Trading halt. Damn!!!!!!!! Gotta be good news.
I missed it Juddy.
I missed it Juddy.
Kauri
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kennas said:Trading halt. Damn!!!!!!!! Gotta be good news.
I missed it Juddy.
Been waiting two weeks for it, it had better be good...
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From the trading halt ann:
"The company requests a trading halt...pending and announcement of the possible deferment of the Bankable Feasability Study at its Deflector Gold-Copper project following an initial review of the financial model"
This does NOT sound like very good news and I personally am bracing for some pain...
"The company requests a trading halt...pending and announcement of the possible deferment of the Bankable Feasability Study at its Deflector Gold-Copper project following an initial review of the financial model"
This does NOT sound like very good news and I personally am bracing for some pain...
Sean K
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Ouch. That sounds like pain to me too flea.fleathedog said:From the trading halt ann:
"The company requests a trading halt...pending and announcement of the possible deferment of the Bankable Feasability Study at its Deflector Gold-Copper project following an initial review of the financial model"
This does NOT sound like very good news and I personally am bracing for some pain...
Kauri
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gee why bother with a trading halt, they just told us the news.
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Interesting trading halt - is there more to it? Why would they word it the way they had? Could there be more than meets the eye - they could have just said the stop was related to the BFS and that would have been enough... Have to wait and see...
Kauri
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Batavia is a reincarnation of King Solomon Mines/Menzies Gold which went into administration. The main problem, from memory, was the high copper content stuffing up the processing circuits resulting in low uneconomic recovery rates. Batavia have been running a BFS since early 2004, I think their main problem has been the metallurgical tests and subsequent plant required to achieve economic recovery as well. Here's hoping they have worked it out and just need time to cost the treatment plant required, the closer it gets to a friday after market ann. it gets, the less confidence I have....
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Kauri said:Batavia is a reincarnation of King Solomon Mines/Menzies Gold which went into administration. The main problem, from memory, was the high copper content stuffing up the processing circuits resulting in low uneconomic recovery rates. Batavia have been running a BFS since early 2004, I think their main problem has been the metallurgical tests and subsequent plant required to achieve economic recovery as well. Here's hoping they have worked it out and just need time to cost the treatment plant required, the closer it gets to a friday after market ann. it gets, the less confidence I have....
Spot on - the copper messed up the gold recovery circuit... but Menzies ignored this as a factor (allegedly) Batavia is supposed to have approached the Deflector Deposit with the primary aim of getting this sorted before even contemplating a PFS/BFS (which they have - by using and alternative process route)... i don't think that the recovery is an issue... Maybe - and i'm spitballing... they have a white knight on board - they have cash in bank and opts in the money - they may be examining a debt-free structure (like i said spitballing here...)...
Kauri
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Kauri said:the closer it gets to a friday after market ann. it gets, the less confidence I have....
OUCH.....
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Not great - but on the flip side... means that a lot of other projects are going to experience similar problems...
any ideas what's happened to btv? i just woke up and found that it was gone and read that it is being reorganised under BTVDA, n BTVDB for options. what does this mean?
I've noticed that there is a trading halt on Thor, wondering if this will have any effect on Batavia.
I've noticed that there is a trading halt on Thor, wondering if this will have any effect on Batavia.
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they are consolidating capital - 3 for 1 i think - details in the latest announcement ozeb...
nope its a reconsolidation on the basis of 1NEW share for 5 OLD shares..not good really as i have seen so many of these come back to the original price of 3 or 4 cents and then ur stuffed..in the majority of cases this is the worst thing for shareholders...anyone have similar experiences??56gsa said:
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