I not too worried too. I am hoping the selling continues so that we have new shareholders who are aware of the project risks and willing to take them on.
People just lose sight of the big picture - the company has cash, connection with Uranerz (Wyoming), future acquisitions in the pipeline. They can always sell Taylor to someone else who is willing to squat on it for a couple of years. Those fremont county commissioners would move on one day .. . the next bunch might be more keen to ensure the economic wellbeing of its county. Who knows.
What is key to me - there is something under the ground at Taylor Ranch. Around this time in 2007, we did not know this fact. And BLR was valued more than the current price. I would be more worried if they find nothing. Like, I said they can always sell Taylor and move on to other county which is more uranium friendly.
I am not advocating people to buy this share at all. Just try to put some perspective into this situation.
MH now understands the permit process better and will be more careful in future acquisitions.
I will put BLR in the bottom drawer.
JK5
BLR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
