no hurry to get in

Excellent announcement this morning.

Laramide wants Mulga Rock and for good reason. $3m is chump change at the moment, indicating that nothing is guaranteed as to which way the decision is going to go. But its a good start for Bullion. Get rid of the gold assets - problem is, though, if they dont get Mulga Rock they have to fall on their WA ground and its no secret that WA is turning out to be a thorn in the side of the Uranium mining push in Australia.

BLN has had a big rise of late. I believe this is going to be a buy on rumour, sell on fact play. There's still aways to go before we know about Mulga Rock. I see no reason to rush out and buy this today. Will be interesting to see where it finishes up. This is by no means a negative slant. I hold and have done so since $0.15 - i would just hate to be the person buying at the top today - i dont think it will finish near the high.

marchello