New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris A. who wrote (9)	9/26/1996 8:02:00 PM
From: GWalker	of 407

I also talked with Martyn today and he repeated a lot about what you have already said. I'll try to add only the elements that are new. - He said that there is a strong rumour that Gold Star will be revising their estimates from 1.3 million ounces to 3.0 million by Xmas (This rumour comes from the president of BLO). Should this happen then it should bring a light to the whole area which will have obvious good effects for BLO. Another important thing is that 90% of this gold is in the top 10 metres. One of the reasons that people seem to be down on BLO is that the company is only drilling to a maximum of 20 metres. Well, if Gold Star ups their estimate people may clue in that it is as deep as one needs to go. - I asked Martyn about his mile long trading record and he simply stated that "Yes, he has had to make a market for the stock on days where it has been doing close to nothing in order to keep it alive" (No hiding here!). But, he said that he is now a net buyer by a big margin. - He said at their current levels they have enough money to run at full steam for the next 2 to 3 months. (Their costs have been going down because the finally have 2 geologists living down there and the other 2 are staying for longer periods of time. - They have bids on another 60,000 acres of land and if they get it they will be the second largest land holder in Suriname. - In terms of financing, they are looking at 2 options. 1. Bring in a larger company and get them to commit 1 million for further exploration or 2. do a small private placement for around 1/2 million dollars. Here is a question for the group. Does anyone know the plus and minus points relating to the these two options from the perspective of a stock's share price. - For those of you who want a better answer to the "How high can it go" question. Martyn explained that at it's current pricing it is about a 4 million dollar company (11 million shares/.35 share price). He thinks that should they get some mineable results from the current drilling program then there is no reason why the company can't be worth 15 to 20 million. At that level, the price per share would be 1.36 (@15) to 1.82 (@20). Remember, that would only be the begining should they find something! Should this region become "Sexy" or should they do well in their other properties who knows what will happen!? - the package that Chris referenced was prepared for a company that specializes in promoting small mining firms to other bigger mining firms. (ie - not for a broker to investor promotion) Martyn said that ussually these companies charge a large fee to execute a program but because of the quality of the info and property BLO has they are willing to do it for a percentage. That means they obviuosly think it will be an easy sell As long as all this information is true (or that I haven't misrepresented Martyn's words), I really think that good things will happen to this company. Anybody else excited about this?? P.S. i'd love it if others would call up and ask the same or similar questions. Let's make sure we all have it straight and understand what is being said. Then we can debate things here and seperate any fact from fiction.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next