Personally I don't think we'll see 30 cents again for quite a while yet.
BLR has just fallen off a very large cliff and it's going to take some time to repair the damage.
Current sentiment is just ugly and there are A LOT of 'levels of regret' (resistance) above us now and they won't be broken through easily. Plus, the low that was 'hammered' out yesterday will most likely be retested, as most hammer signals are.
Having said that, I believe that BLR is a real bargain at these levels and I have no doubt that the fundamentals will eventually be reflected in the share price.
The resources boom and in particular the Uranium boom is far from over IMO. This is just another correction that will no doubt be looked at in the rear view mirror as yet another great buying opportunity.
I continue to hold and continue to add to my position.
All the best to the holders!
Cheers
UR
"To make life-changing profits in this game, you must boldly trade where others fear to."
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
