No Nasi - what we need is simply for management to keep shareholders informed of what they are up to...
How about an update on progress with the scoping study, including expected timeframe for completion? Or possibly an update on their intentions for the copper projects instead of a deathly silence?
Saying nothing for an extended period of time is a sure way to make the market think something has gone wrong. If the U projects prove uneconomical for any reason, then the current selloff will prove to have been correct.
Don't get me wrong, I still hold a reasonable volume of BLRO, and would love nothing more than for this stock to fly. Hell, I'd even buy back some of the BLR heads I sold if it shows some signs of doing something (e.g. when the buy/sell ratio gets back nearer 1:1). Thankfully the considerable funds I had tied up in BLR have been redeployed in RAU and KAL to spectacular effect, so I've been able to bank some good profits while BLR has been languishing !
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
