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BLK - Blackham Resources

Chart Forum » Stocks - ASX: short term (strictly TA) » BLK - Blackham Resources

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jimmyswell
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Username: jimmyswell

Post Number: 148
Registered: 07-2006

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Saturday, December 08, 2007 - 04:20 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Dug and Capt Chaz suggested that pos(t)ers in the weekly competition post a dedicated thread. Since tracking this selection's progress might be instructive, I'll give it a go.

I selected BLK because it had a volume spike early last week, which resulted in a "please explain" from the ASX. Then late in the week, the price spiked as shown in the chart. Is the reason something more than just volatility in the price of coal? The next few weeks will decide.

blk

Other TA factors that appeal to me include:
1. The cross-over of short term MAs
2. The slight upswing in long term MA
3. The price sailed through the recent resistance point around 90c.
4. There is some upside before it starts to test the next most recent high of $1.40.
5. ADXs crossed over in the past week.

I don't hold BLK but may get in if there is a retrace during the week.


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dug
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Username: dug

Post Number: 2698
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Saturday, December 08, 2007 - 04:49 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



The Volume may be Spiked but it's ONLY 350,000.
Don't send me off with a DYOR,jimmy's well
but is this been Floated within the last year?
Or has it limited shares on issue?

At $1ish BLX has some claims to being "interesting" to d'Respectable.
Like it's not some 10cent Wonder with halfa Billion Shares out there.
Even say Hilarius won't quickly dismiss a $1 share
especially if some Angle/Story goes with it.

Coal,you say,Jimmy.
Is BLK doing something "Good" in Coal?
like they[blk] COULD/MAY/Might have a Go at a Discovery of that Type of Coal that Burns Hottest,makes the finest steel,that no matter what they THEY dream up in Bali,BLK could have the Coal that will never NEVER go away,like Scorned?

Now,jimmyswell,IF it was a Play at THAT Coal?

well,dreams could come True.

ps-you are avatared after Jimminy Cricket right?
nix d'Dean?








Even 'til Jaded.

Dig for the sake of it.

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dug
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Username: dug

Post Number: 2699
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Saturday, December 08, 2007 - 04:57 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)







Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Post Number: 149
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Sunday, December 09, 2007 - 10:13 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Thanks Dug, for the provocative and interesting points.

I didn't go into detail about BLK's projects or shareholding distribution to avoid claims of (gasp) analytical fundamentalism or (whisper) ramping. But I did look into the following info before selecting.

They floated 20M shares in Oct 06 at an issue price of 20c. Directors already held 5M shares at the time, so that makes the "limited shares on issue" of 80% (ie 20/25) of the total available pool. Trading volume is lean but the relative number of days where they don't trade is fairly low for a small explorer.

Their website http://www.blackhamresources.com.au lists 3 projects.

One is a gold reserve near Kalgoorlie called Carbine North.

Second is 604M tonnes of coal deposits near Esperance called Scaddan North. They bought up some expired licences in Mar 07 which were "endorsed" by a mineralisation report from Wesfarmers.

The third is a Russky coal project where BLK is 60% teamed with russian partners called Thunderbird (meep meep, coyote). If they're brave (?) enough to engage that shadowy and mysterious world of the ex-soviet resources sektor, then there will be sufficient market curiousity for me to add BLK to my watchlist.

Their response to last Tuesday's ASX speeding ticket said "The Company... ...can only assume that this is due to the increase in the price of coal". I never know how to interpret management double-talk - it's a lame explanation and I don't really buy it.

In response to your comment about Avatars, I put them together with ringtones, bumper stickers and logos on t-shirts. Not for me. There is already enough clutter out there without adding my personal brand.

Although Jiminy Cricket is an interesting idea. If you look at some of my past selections and former ownership of Stellar Res (SRZ), I can be fully accused of wishing upon a star.


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dug
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Sunday, December 09, 2007 - 02:17 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well jimmy,a Blink at this Announcement-wise gives me two possibilities for that Volume Spike
1]Some Tip Sheet that costs hundreds of $$$ to subscribe to[so it must be good!]has muttered this last Tuesday
[done a Rene Rivikin]
or
2]There's some movement further on that 5/7/07 one about the Sophisticated Investors fronting up $40 mil at $1/share, IF the rusky coal deal is a Real Go not a Gunner.

I still think that all coal ain't Desired Coal.There's some Coal Mine in Qld that has the Best Grade but I don't know which one!! If we could find out then we'd have some kind of LayPersons Geology to act as a contrast to BlackHam's Esperance and Rusky coal samples.
Like you,jimmy,not many members fill out their profile with Age and Occupation.That ain't too Swell!! like one can't "zero" in on who to Ask such Technical questions.
You know of any Geologists on this Forum,jimmy?

cheers,thanks for bringing this share to attention.It's got some merits worth further investigating but Coal is not too rare and has a "dodgy" future.



Even 'til Jaded.

Dig for the sake of it.

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sittingduck
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Sunday, December 09, 2007 - 07:47 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Can't make steel without coal.

I'm not a big fan of coal for power, but without coal we can't make steel, so it's always going to be needed.

Your point about grade will make more and more difference though, I think. I can see benefits for better quality coal in the form of emissions trading etc coming about due to Kyoto signing and whatever comes after Kyoto.


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dug
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Monday, December 10, 2007 - 11:11 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Anthracite is the Desirable Grade of Coal[coal grades google]-Greater heat with little Smoke.

Lignite is "rubbish" and bituminous so so.
There seems to be only these Three Grades.

cheers.



Even 'til Jaded.

Dig for the sake of it.

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dug
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Tuesday, December 11, 2007 - 10:39 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



so jimmy and sitting,
seems our BLK did a Cazaly picking up Westfarmers Coal Tenements due to slow renewals.It is only brown Lignite though.Was it worth it for the Aggro that WES will want to "Revenge"?

This Russian Deal-The Energy Play [or whatever they call it] All secret,I haven't actually found any specific reference to Coal.Could it be Gas + Coal?
Still a Placement of 40mil at a $1 in a 29mil current Listed Share base shouldn't cause too much pressure on Blk to return to a $1 WHEN/IF it happens.

It's got a bit of a whiff of WA spiv/spin about it,this Blackham Resources.
White shoe wearing "Entrepreneurs",probably they're Gucci Loafers this Century.
cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Wednesday, December 12, 2007 - 09:09 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Yes, I agree that there is something a bit "speculative" about them.

Yesterday (Tue) was a quiet day for BLK, down a bit to 1.085 with a doji candle.

There seems to be some downward pressure in this morning's prices (buy $1.01, sell $1.08).

White gucci loafers trudging through red square - sounds like a Ludlum novel.


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jimmyswell
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Saturday, December 15, 2007 - 05:05 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



An update one week further on....

The retracement happened mid-week as I speculated on the last line of my original post. Some astute trader picked up a parcel for $1 on Wed, but it wasn't me. It went on to close at $1.11, which was 1c above its opening price for the week.

Friday was significant because it was BLK's strongest day for the whole week, on the same day that the ASX lost over 100 points (~1.6% down).

Elevated volume and rising ADX suggest that there's a bit more upward momentum in the week ahead, given the positive close in the US on Friday.

blk


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jimmyswell
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Saturday, December 22, 2007 - 02:37 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Summary for the week ending 21DEC07.

Three green candles, lowering volume and weak ADX does not yet an uptrend make. Will just keep an eye on it to see if price closes above $1.

blk


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dug
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Saturday, December 22, 2007 - 03:40 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Thursday was a Good Bounce.Volume,do you see it?
This has limited shares on Issue at the Present.
$1 is the proposed Placement for a 40 mil Increase.

jimmyswell,I'm watching this too.
Thursday showed that there is Interest
even though these are not the Best of Times.
Like in the comp,jimmnyswell
and how Minor Gains have been the Winners for a Month
I wonder,hey,"cricket"
if this is a sign/comment
from ya song

Makes No Difference WHO you are? bit.

How about a Xmas Cut'n'Paste of the Lyrics to the Tune?
When you wish upon a Star....

it'd show a Spirit beyond Ironic?



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Sunday, December 23, 2007 - 03:38 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I noticed the bounce on Thu but am not gutsy enough to call it a resumed up-trend. My cautious nature awaits a close above $1.

In response to your request, here are some mashed up lyrics set to the tune of "When you wish upon a star" -apologies to the Disney monolith, or whoever owns the copyright.

- When you wish upon a share
- Be you bull or be you bear
- You need the price to go somewhere
- If flat, you're screwed

There's my concession to a non-ironic holiday spirit.
The thing is, only fossils like me would even remember how the song goes.


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jimmyswell
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BLK cracked $1 during the past week and seems to be heading to test recent resistance at the $1.11-1.12 mark.

As expected for the last week of the year, the ADX uptrend is weak and volume was relatively low.

blk


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dug
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Tuesday, March 11, 2008 - 02:39 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



bit of the old pump on this one this morning,I notice jimmy.
53 to 70 in a whoosh with no follow up Bids.
At time of writing Bid 56 Ask 69.Big Spread,hey?

Now is it small time insider moving on 90k Volume?
or just throwing $40 odd grand attempt to get it out of the Doldrums?
cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Tuesday, March 11, 2008 - 07:09 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Yeah Dug, BLK is behaving weirdly which I'll bet will result in an ASX speeding ticket tomorrow.

I usually check it about once a week but when it fell below support at 65c, I figured it was a busted flush. No news or announcements of any merit, either.

But a 30% rise in one day certainly clears the sinuses and lifts it out of the doldrums. Who the heck would chuck away 40 grand on a dud?

I might buy in when the DIs cross, semi-confirming it's not just a one-hit wonder.

(Message edited by jimmyswell on March 11, 2008)


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jimmyswell
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Wednesday, March 12, 2008 - 05:33 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Dug, today there were only 5 trades ranging from 67c down to its close at 63c, at fly-speck volumes.

Unless there's some big news that's imminent, it should wither away back down to the 50c mark within weeks at this rate.


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dug
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Thursday, March 13, 2008 - 10:53 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I'd ditch this off the Watchlist even Jimmy.
Something don't seem right about it.Could be a WA white shoe brigade ploy.
Like it "stole" some coal tenement off Wesfarmers.The Coal was real bottom rung grade,worth something only in BULK.WES weren't all that concerned with the actual tenement that BLK got around renewing first[doing d'Cazaly].

it [wes] just wanted to keep the Field entire so they did some "deal" with BLK to get it back but notice BLK has to stump up 30% of Development costs?

As for this Mystery Wonder in Russia?See they say they have the Placement $40 mil in the Bank but,jimmy,what "expenses of doing business in Russia" do you think they'll have to meet?
Met many Russians,jimmy?We got a drove of them down in Surfers Paradise.They mostly hang out with Bikie Presidents round Sanctuary Cove.but no they don't wear white shoes.

Anyhow jimmy,Feel Free to follow Chart Signals Pure and Simple but there's some other worldly criteria that could save you from getting "stung".

cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Tuesday, April 08, 2008 - 11:50 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

BLK has just today pinged 70c again.

Jimmy


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jimmyswell
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Wednesday, April 09, 2008 - 11:17 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



As high as 75c so far today.

Two reasons, according to BLK's press releases:

1. Opes Prime and ANZ have sold off any BLK shares they held.

2. BLK has been accepted into an auction for a Russian coking coal and methane project. Among 5 applicants to the Auction, only BLK and one other bidder were successful. The auction is for the subsoil rights for exploration and mining of bituminous coal and methane and will take place on 17APR08.

Note the huge volume spike 2 days ago.


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dug
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Wednesday, April 09, 2008 - 11:52 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



jimmy,
huge volume spike probably Opes resolution NOT a buy-up indication of "insiders".
Russian Auction required a 530 million roubel Deposit.That's A$24.3 mil,presumably provided out of those sophisticated investor funds raised awhile back.
Our Blackie resources are now "free to participate in the "Auction".Big Deal?
Sophos are providing money at $1 a placement share.

still not very interested in buying some,myself.You?

cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Hi Dug,

If I had a speculative reckless $10K of profit lying around I might have a sniff.

If they win the auction on the 17th then it could breach $1 but if they don't it will head south to the 50-60c doldrums.

This Russian adventure is the only interesting thing they've been up to recently.

So its a 2-way bet, somewhat linked to the recently-hot coal price.

They closed at 80c today, so interest is picking up.

Will sleep on it and see how I feel tomorrow. The last quarter's turmoil has me down about $6K so I've been a bit more cautious recently.


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jimmyswell
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Thursday, April 10, 2008 - 06:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I snooze, I lose.

Lots of activity today, including:
- an ASX speeding ticket,
- announcement of an option to buy a project in WA and
- an intraday spike up to $1

Closed again at 80c


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jimmyswell
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Currently in a trading halt, no doubt awaiting the result of the Russian auction. They hope to lift the halt by Mon 21st or sooner if they get the announcement out.

At the moment, there are sellers at $1.05 and buyers at 80.5c


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dug
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Thursday, April 17, 2008 - 03:39 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



What's your reading,jimmyswell on the last 7 days trading?
Is it a "Leaker" where the insiders have an idea of the Russian Auction Outcome?or is it just speculative that Black Man has to go to a Dollar to justify the Sophisticated Placement price?
Do you hold any yet,jimmy?
It'll be interesting/educational/even amusing watching what happens.
Like will the Sophistos get cold feet and pull out even if the Auction is a success?
Who's the other bidder?Is it just some other penny like Blackie or is it a Major?
Any other Company "dark horsed" themselves in by stumping up those 500mil+Roubles to participate?
High Finance in exotic Russia,hey?
cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Thursday, April 17, 2008 - 06:04 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

No, I didn't buy in. Even though today's upcoming Rusky auction outcome is a 50% bet, the outcome of losing is that the price will tank to the low 50 cents mark. Had I been gutsy enough to buy in at 75c it would represent at 33% loss.

If I was bathing in profit from other investments then I might have been keener to gamble. However I'm still struggling to dig myself out of a $6K hole (for the sake of it, as a famous person says).

If they win the auction, the price will test the $1.10 resistance line - assuming the cognoscienti/sophistos don't think they paid too much.

The last week's trading has been hugely entertaining. It may well be a leaker speculating, since I guess probity and insider trading is a bit "looser" in them thar Russian parts. More realistically, I think it's guys like me who are hoping for a quick speculative gain.

I noticed that at today's close, the spread between buy/sell had narrowed to 80c & 86c and the time in Moscow was 10AM when the Aussie markets closed. Dunno what time the auction is occurring and when the "winner" will be announced. The spread tomorrow morning will tell all.

I couldn't find the other bidder - my google skills obviously need a bit of work. Chances are it's a mysterious consortium of Russian *cough* businessmen, or maybe I've just been watching too many Bond/Borne movies.

Jimmy


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jimmyswell
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Sunday, April 20, 2008 - 10:32 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BLK missed out on the Russian coal/methane auction, so when the trading halt lifts on Monday, I suspect its price will slither back down through the low 60s and eventually settle around the 52c support line.

blk


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dug
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Sunday, April 20, 2008 - 04:25 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I dispute the 52 cent Support Line.After all it was established because this Ruski deal was in d'Wind.Without this BLK only has some purloined poor coal asset that WES is gunner throttle them out of.
Arrr jimmy,are they going to get their Auction deposit back?Are the Sophistos going to stay happy with this Loan Deal setup now it's Kaput?
How's BLK cash position,money in the Bank angle now?Going to have to come up with something exciting in exotic locales pretty quick I reckon or BLK is for the Dump.
That price action,charted above diddling up to $1 in the past half year is a "Flag to d'Dodge",an example of Fancy Sand Gropers [west australians] and their attempts to exploit the decent pilgrims of the Eastern States.
ohh,jimmyswell,ya may as well be Righteous,at least on a Sunday.
cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Tuesday, April 22, 2008 - 07:45 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

You were right. This black ham plummeted down to 34.5c yesterday - a fall of 55.8%! Seems that they're on a rocket sled to nowhere. Thank goodness my innate sense of caution overwhelmed greed this time.

This is probably the last post on this thread until the directors concoct another big deal.

Jimmy


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jimmyswell
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Saturday, May 10, 2008 - 06:19 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



It's now settled into a mid 20s groove.
The slight climb on Fri to nudge 30c isn't enough to indicate an uptrend just yet.
However, if the DIs cross over, that might be a "something going on" signal for curious & cautious cats like me.

blk


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dug
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Monday, May 26, 2008 - 10:14 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Surely Russia winning the Eurovision song contest with that dirge of a song "I Believe" hasn't put this rocket into BlackHam.
what and why,jimmy any ideas?
cheers.



Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Wednesday, May 28, 2008 - 09:44 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

I've been in Melb for a few days and missed the Eurovision song contest - them crazy Russians probably scored DIX POINTS from PAIS BAYS and ANGLETERRE.

BLK is indeed heading back up - closing at 48c yesterday and there seems to be a buyer in this morning's opening queue at 49c.

Nothing in the recent announcements to suggest what they're up to.

Jimmy


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jimmyswell
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Wednesday, June 04, 2008 - 05:03 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



An announcement that they're taking up the option of a coal field in WA has jolted the price up to a close of 60c today.


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dug
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Thursday, June 05, 2008 - 10:26 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)




jimmyswell wrote on Wednesday, June 04, 2008 - 05:03 pm:

An announcement that they're taking up the option of a coal field in WA




ahh jimmy,it wasn't as bland as that.Not only did they take up some tenement of the worst coal to dig for [lignite],they announced that they were going to turn it into OIL.

At least,I think that's what they waffled but it could also have been that they were using as a unit of power,the numbers of barrels of oil equivalent in their poor grade Dirt.

Note also the $400,000 worth of shares that's going to pay for this Lignite Deposit.Blackham is in for more Liquidity when the sellers get this lot.

Chart shows a possible "leak" on this News/Ploy what with the 40 cent activity week or more ago.
I particularly liked the Cash Flow Quarterly where the $39mil+ "borrowed" for the Russian Adventure still is on their books as of Mar 31st.This deal fell thru early April and presumably the $39mil is Gone back to the Sophistos.

All in all,BLK is going scenario wise a bit Rancid.
cheers.

(Message edited by dug on June 05, 2008)


Even 'til Jaded.

Dig for the sake of it.

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jimmyswell
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Sunday, June 08, 2008 - 12:49 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

Here's the chart which shows everyone the events of which you speak.

Jimmy
blk


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jimmyswell
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Do these two dojis indicate it will continue the May-Jun sawtooth pattern up to test resistance at 60c?
blk


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jimmyswell
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Friday, November 28, 2008 - 12:34 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dug,

The Managing Director released his annual speech to shareholders earlier today.

Talk about bland.

They're still waffling on about looking for a partner to convert their lignite reserves into diesel and naphtha (try saying that with a mouth full of peanuts).

The rest of the announcement was to promise that the board would look after the remaining funds really carefully and how we should all pity the junior resourcers bitten by the economic crunch.

This opportunity to create a bit of momentum has resulted in absolutely zero trades and the price continues to languish at 7.5c.

And to think, these same guys were confidently ready to forge into Russia and slay some bears, just a few short months ago.







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dug
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Friday, November 28, 2008 - 01:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Seems that's the latest bandwagon,jimmy.Garbage Coal Deposits touted for GTL [gas2liquids]
It's off shot from the CSG[coal seam gas]Big Boys [QGC takeover etc] as well as the UCG boys [Underground Coal 2 Gas].Linc LNC is proposing to do both GTL and UCG and this LNC run is what BLK wants to Me too on.
There's another tiddler LBY that is really doing the We'll be as Big as LNC tirade as well.
Interestingly LNC is basing it's Tech on 50year+ old Russian Tech.Don't know if there is Actual Russian Involvement though.

Anyway,too much infomation hey Jimmy but if you get an interest in LNC/CNX/CXY give me a hoy.I'm also getting the Gist on NHC[held] and AOE with TCM as a real outside goer.
The coal quality,let alone the 500mil+ cost of actual production puts BLK OFF d'Radar.
cheers


Even 'til Jaded.

Dig for the sake of it.

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