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

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

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: Malcolm Stagg who wrote (87)	1/12/1997 5:20:00 PM
From: GWalker	of 407

Interesting stuff going on at Blue Ribbon Details on the PP - There are 12 players who were involved with the PP and they are susposed to all work to keep a market for the stock. Who these people are will be public soon. - The PP should net Blue Ribbon about 700K after expenses which amounted to around 150K. Currently exploration expenses are running at around 100K/month, so they now have enough money in the coffer to keep them going for a while. - In 2 to 4 months they will be looking at doing another financing to raise 2 to 4 million. (ie at a higher price level) Upcoming News - Look out for a comprehensive update to come out in late Jan or early Feb. - Before this time look out for a release on Blue's Mexican property and a new property purchase. (Both of these should not be earth shattering) Monkey Business - It seems that the 500K Waverley shares that were released just prior to the PP were susposed to drive the price of the stock down and get the those 12 players in at a lower cost. It backfired because all the shares were snapped up in large blocks by traders hoping to make a couple of cents off each share knowing that the PP was just around the corner. This seems to be confirmed by the massive amounts of shares being offered at the Ask price lately. So, until these shares fall into longer term hands don't look for the stock price to begin a build New Board members - It is said that John Kaiser was pleased by the Geologist that was just placed of the board. (It looks like Kaiser is following the developments of Blue Ribbon quite closely) - The ex-Nesbitt Broker was put on the board to front an unnamed large player (I don't know who it is) Stock Price - The plan is to have a slow build of the stock up until the comprehensive release at the end of the month. They are hoping to get it into the $0.49 in order to get players to excercise their warrants and put more money in Blue's coffers Promotion - Suriname is hosting a mining conference soon. Canarc, Golden Star and Blue Ribbon will all be attending. the President of Suriname is susposed to be attending. - Jack DiM is susposed to be going on the road to promote Blue Ribbon more than he has been up until now. - Blue Ribbon is looking at hiring a full time PR company. Other - Golden Star just released some decent results on their Antino property in Suriname. - Forget about any of your Dijon dreams for now, it will cost 500K to drill it properly so it will have to be done after the next financing. My 2 cents I looks to me that they are setting themselves up to start working this play in more of a promotional sense. For any of you who are in now this should be seen as good news. Getting the stock to $0.49 before the news release should be the first test to see how good they are. Could be a very profitable year for investors/speculators of Blue Ribbon.

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