unofficial update

There is some interesting stuff going on with BFE at the moment, in terms of cross trades. Like yesterday, as soon as the order for 250K was filled at 12c, another sell order turned up at 12c. Which to me suggests some kind of structured cross trade. It?s been happening a bit in the last few weeks.

On the company front, I emailed to ask for an update on Longonjo, and actually got a response from Simon Rigby. He?s in Angola any day now to try and wrap things up (Response was 8 Sept).

"Thank you for your inquiry. To answer your question, we are unfortunately not 100% sure of how long completion is going to take, but we are certainly putting considerable effort into getting things sorted out as quickly as possible and I will be travelling to Angola in the next 2 weeks to try and wrap everything up. At this stage we are still planning to commence drilling at Longonjo this season with first assay results likely to flow 5-6 weeks after commencement".

Longonjo has excellent in soil REE results, comparable if not better than PEK at the early stage. Just needs to be proven up as a resource though, with very low radiation levels, which PEK is much closer to, thus the positive SP action for PEK. I missed out on PEK at 11c, and don?t wish to do the same with BFE. I think it?s going to be a very exciting couple of months once air core results come through, and investors get some tangible grades to hang hats on.

GL to all holders.

BFE PEK

1.98 0.96265 LA
3.74 1.814225 CE
0.88 0.63683 ND
0.27 0.174018 Pr