BLZ

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0.4¢ blaze minerals limited

Good post man that brings it into perspective and yes u must add...

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tradesurfer

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28/07/20

07:55

Post #: 46110169
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Originally posted by Michaeljob: ↑

For those grappling with the diluted MC I thought I'd share my worksheet. When considering a stock with options which are 'in the money' you do need to consider them. A better approach than MC however is probably EV. Currently BLZ is sitting on an EV of around $14m.

View attachment 2336657

So $14m EV for a a gold focused explorer with support from some of the best names in the small cap space. As @Blythefan (knows his stuff) alluded to in earlier posts they have a giant big gold anomaly defined and drill ready. As @john435 has pointed out so elegantly within his maps they sit on a trend which has produced some very impressive gold discoveries such as RMS with 20m at 645gpt. Tolga is a valuation factor but this guys not a pumper, he's stated that for him it's a binary outcome on a gold anomaly which clearly excites him. The positions he enters are illiquid due to their size and there's no way you'll see him sell out before the company drill the target. The same goes for Walker, he didn't join the board for a pre drill pump, they genuinely think that this target has a truckload of potential to become a discovery. The other thing with these guys that many overlook is that a total miss on the drill wouldn't be a total write off, once in a company they will get back up as many times as the geology knocks them down. It's up to each investor to pick their entry and exit, I'm in from 2.4c so easy to sit back here and let things unfold with a healthy buffer but one thing I have learnt over time is that you should never underestimate a company where Tolga is involved.

https://hotcopper.com.au/posts/45676704/single
https://hotcopper.com.au/posts/45966293/single

BTW to the resident downramper do you remember that time you dm'd me and mentioned that you were downramping to seek entry on another stock? I do....

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Good post man that brings it into perspective and yes u must add options as you say there in the money...
Would expect to hear some news soon re drilling....
No downramp does feel like it needs a pullback before the next surge which would allow healthy profit taking and establish a new base to launch off.. Although it could just go parabolic in these conditions who knows
GLTA

Last edited by tradesurfer: 28/07/20

BLZ Price at posting: 5.8¢ Sentiment: None Disclosure: Held
8 Upvote

3 Great analysis

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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $2.514M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
8	10239995	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1261621	2

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No.	Vol.	Price($)
8	10239995	0.003
5	3088317	0.002
2	1300000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1261621	2
0.005	1269839	6
0.006	2098528	6
0.007	306161	2
0.008	402990	2

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Good post man that brings it into perspective and yes u must add...

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Good post man that brings it into perspective and yes u must add...

Top Stories

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News