"...2)60m pounds U is a bullsh$t number swallowed up by naive investors who don't know how to read the JORC code - smart money can see through mngt's 'marketing' techniques..."
Spot on Bogan....the smart money did see through it, and deserted almost immediately, leaving those who bought after the release of the Jorc announcment holding the bag.
U sentiment down across the board?? Sure.
Doesn't explain why a company's shareprice retreats almost immediately after such a 'significant' (lol) jorc announcement.
A blast from the past.....
Subject: help Stock Code: BLR - BLACK RANGE MINERALS LIMITED Posted: 16/09/07 11:56 Hotcopper Radio: BLR on BoardRoom Radio Posted By: The Apprentice Views: 1163 Post #: 2114060 (Start of thread) Sentiment: None IP: 58.178.xxx.xxx Voluntary Disclosure: No Stock Held
For the life of me, I cannot understand why BLR's shareprice has fallen lately, despite
1) It's recent JORC
2) A new discovery
3) Stabilisation of the U spot sprice
4) Recent overall market strength
Could it be that....
A) the market has not been fooled by it's JORC at 0.01% (LOL), of the lowest category, that of an inferred resource.
B) The recent discovery is far too deep to be of any economical benefit to the company (much like the rest of it's inventory), again not fooling the market
C) It is just plain and simply a DOG.
D) All of the above
They all sound right....D it is.
Woof.
BLR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
