buyers coming back, page-3

For those who think that the very large volume of shares trading is from day traders, I'm not so sure. I know of 2 buyers who have bought more than 20 million shares each in the past month, (that's the last I heard, they could be above 30 million shares by now). FYI, that's A LOT larger than my position.

I know of 2 others who bought and claim to have stopped buying at 1.2 cents and 1.5 cents respectively. They say they will buy more on a pullback. I don't know the details of these two as they're analysts at funds and are afraid to tell me. I don't blame them!

I'm also in the camp of those who believe that after Alex Molynuex's shares are approved, the stock could make a decisive move higher. I know Alex pretty well, he has an amazing number of high net worth contacts. More importantly, his contacts include (I'm guessing) several dozens of hedge funds and family offices. Recall, Alex was on the road meeting with investors all the time for SouthGobi. Asia, Canada, the U.S. and Europe...not so much in Australia though.

And now he's on the road all the time talking about Celisus Coal, where he's Executive Chairman. I'm digging deeper into Celsius to see if I like that play. So far it looks really good, I'm just contemplating near-term catalyts.

Back to BLR, I mentioned a $100 million takeout bid as being nothing to a BHP, Cameco, Areva, etc. An important part of my reasoning is that these major uranium players won't risk letting a competitor have Ablation if Ablation looks like it could be a winner. Think about it, Ablation's ultimate success is far more likely in the hands of a major than in the hands of tiny Black Range Minerals!

AND IF I'M WRONG? I think that unless there's compelling evidence that the Ablation technology is a flop, that it doesn't work effectively at commercial scale, BLR's stock is worth at least 2 - 3 cents per share upon being re-discovered by Alex and funded for most if not all of 2013. Increased risk appetite and interest in uranium juniors isn't hurting either.

There you have it then, fairly limited downside and huge upside. I think an analyst has a 10 cent per share scenario. But here's what really makes BLR extremely compelling. BIG upside could be achieved in just 3-9 months. Frequently in highly prospective natural resource plays, a multi-bagger return takes 2-3-4 years.

Why do I say 3-9 months? Because I think that's a reasonable amount of time for the JV's 5 ton per hour unit to be deployed in the field and for an order(s) for larger unit(s) to be received, possibly by a uranium major.

As soon as an industry player buys an Ablation unit, even a unit just for testing, then everyone in the industry will be watching Black Range / Ablation Technologies, LLC closely. Again, just my opinion. Good luck all, do your own research, don't bet the farm!