BTR, BLACKTHORN RESOURCES LIMITED

[Duster]

Perkoa gearing up for first concentrate production in Dec.

[raauul]

In Reply To: daggie's post @ Jul 1 2012, 02:50 PM

Whether it was end of tax year selling, sell the fact, cascading auto stop loss selling, manipulation of all the above?.. Fridays selling was waaaay overdone on an announcement which substantially upgraded the copper resource.

There are still questions to be answered, questions over depth of the sweet spot, scoping study mining plan due in a few months, funding etc.

But there is no way on gods green earth this announcement was in any way negative from what was previously known.

Insiders were getting on prior to announcement so they obviously had high expectations, but got burnt by the market.

Otherwise the co becomes a zinc producer later this year, with no debt, Glencore as a major shareholder, little if no carrying value for 187mt JORC copper resource, market cap of only ~$150mil

I already have a small position, but want to add when the dust settles. Didn't have the balls to buy Friday's low 1.16. That will probably turn out to be a gift to those that did.

[daggie]

On Friday share price in BTR has dipped considerably despite the reasonable announcement .
If there any shareholders on SC, I would like to ask a question: "would you be topping up and buying on the dips?
Patterson is having a BUY with a target value to $2.50 (approx.) Your thoughts???