suspension from official quotation, page-38

Hi (illio) and sobiet

Going by the 30 of September cash burn BLR would almost be out of cash now.
So the longer is suspension goes the grimer its looking, im sure the management will come up with something but at what cost or share dilution.

What do you guys think of the Ablation Technology deal as a fit for a company like BLR.

I too was only interested in the Uranium deposit and suprised when management announced this deal.

Not that i dont think A.T. will not be economical. But that BLR is to underfunded to take on such a project, this far from production and with such a low Uranium Market Price. That has restricted funding to all the Uranium sector.
We are hearing for a few posters that the (A.T.)Ablation Technology can be used on lowergrade uneconomical mines and other projects.

But the Uranium sector is scaling back project because of the low U price, I know the U price will recover, but when and how much funds will be need to stay afloat with current cash burn, and trying to raise fund on 1.6cent shareprice and market cap of $13m.

I do feel that there was a bit of propaganda the way it was sold to the shareholders (not questioning its Capability)