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: GWalker who wrote (10)	9/26/1996 10:44:00 PM
From: Malcolm Stagg	of 407

Graham: I was very interested to see this thread come to life. An internet friend of mine in England first connected me with BLO. Seeing it as undervalued I have taken a position of 20K so far. I received similar information from Robert Matthews at Matryn Element though you asked some good questions that add to the database. I am awaiting the financing before we see much action however since we are at the 52 wk low point at.35-.37 with little volume i don't see much downside with the quality and size of propertires and the "shallow" drill program. Last time around private placement was their preferred route with about 1M share issued between .42 and .50 between May and June of 1996. Dilution can become a problem if they have to issue a lot more as they would at todays price. I hope they begin some serious promotion (awareness!)and get encouraging results from the Dijon property to protect/enhance our positions. I think this could be a real barnburner considering the low entry point available now and the quality/number/size of prospects they are working on! Yes I am excited!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next