Bns Telecom Share Discussion Threads

[pecker1] 16/2/2008 10:19

yikyak,

I'm cautious because BTP only achieved half the drill holes they had planned (delays caused by forest fire and drill breakdowns)so, by simple reckoning, they will have got only half the results they were hoping for. Naturally, I'd love to be proved wrong, but I simply cannot understand why they are taking so long to publish the results unless a major interpretation exercise is going on to put the best gloss on what they think they have found without upsetting the regulators.

[doobydave] 15/2/2008 19:48

My take is very simple.

1) Everyone knows results are due any day.
2) Much attention is focussed on Stillwater thanks to SA problems.

As a result, there is surge of interest, maybe helped by the blogs / articles. I don't think it necessarily implies news leakage in our favour.

Let's hope they stuck the drill in the right place, but I think we have reasonable grounds for optimism - 'quiet confidence' might be stretching a point.

[frizzers] 15/2/2008 19:19

It can't only be the Moneyweek article.

Some other blog mentioned it too.

Something is up, surely.

[frizzers] 15/2/2008 19:18

BTP has traded the most shares today it has in its history.

[pecker1] 15/2/2008 17:59

Red,

Point taken but still bullish on palladium.

Frizzers,

Look what you have gone and done!! Just hope it's confirmed by the actual drill results otherwise it's trample time at the exits.

[frizzers] 15/2/2008 17:58

Does seem to have . Results had better be good or my reputation will be in tatters! But I think the case was stated pretty clearly.

[frizzers] 15/2/2008 16:04

What's the difference between South Africa and the Titanic?

When the Titanic went down, at least the lights were on.



Beartooth tipped in Moneyweek.

[pecker1] 14/2/2008 19:37

Red Ninja,

Thanks for that. And just when I was considering buying into the palladium ETF (PHPD). Would doing so invite a St Valentine Day's massacre, as the writer suggests, because of several years of palladium supply sitting in vaults waiting to be sold that would thrash the longs?

With platinum at $2000 and looking like staying there for many months, if not several years, I would be amazed if engineers in all the major motor companies were not investigating whether and how quickly and efficiently they could substitute palladium for some proportion of the platinum used in cats. So I suppose it comes down to whether or not you buy the hidden supplies line with stale holders just waiting to dump.

Frankly, I don't. And, even if it were true, why dump if the price could be going much higher? These investors presumably are not as stupid as central bankers who want to sell gold in a thundering bull market.

[frizzers] 28/1/2008 19:49

Big volume again today - over a million shares traded.

[yikyak] 17/1/2008 15:44

In theory Beartooth should go absolutely bananas 'if' they hit something that even just hints at a potential mine considering it's current valuation. To be fair I think it's more frustration at the moment rather than expectation with the lengthy delay in an update. Investors remain undecided as to whether the delay is due to assays far worse than they were expecting and hence lets grab some rhodium grades to salvage something or; the management are going to hit the market with the complete package that does indeed hint of a potential mine in the making with perhaps even a background deal with Stillwater Mining.

It's a really difficult one to call but I have gone with the latter, more bullish, being a more likely possibility but for no particular reason other than if i'm right the stock will scream but if I'm wrong, unless of course they just hit nothing, then worse case I would say was 7-8c. That's the main reason I picked up so many more @ 9c.

"Well punk, are you feeling lucky?"

[doobydave] 09/1/2008 22:05

Just for interest...

[pecker1] 08/1/2008 18:11

Dave,

I thought lithium carbonate was for manic depressives - but perhaps it does OK for manic optimists?! if you're right then a nice pint it will be.

frizzers,

I reckon there was a lot of tax loss selling in December and some people are buying back in.

[frizzers] 08/1/2008 18:00

Well, she's definitely moving and volume is good too. Something is afoot.

Spoke to their office yesterday - news should be out in next week or so. Waiting for results of tests for rare PGMs. Guy seemed to be positive but giving nothing away.

[doobydave] 07/1/2008 23:18

Guys,

Here's my take. I may be wildly over-optimistic and in sad need of hefty doses of lithium carbonate, but if we look at the Dec 7th NR, there are strong indications that Doornfontein may well overlie an island of reef. This of course is contingent upon BTP's interpretation of the magnetic data and one hopes they are not merely seeing what they want to see. BUT if their interpretation is correct:

1) The magnetic body is large, tabular, and strongly magnetic, as it should be.
2) It underlies the Karoo Supergroup, as it should. The depth is about right, although we all know how much that varies in the Bushveld Intrusive Complex.
3) The body is layered, as expected. Within this there are "at least two strongly magnetic parallel layers".
4) The body dips at 40 degrees to the south. I am more used to reading of 10-15 degree angles of dip but note that the nearby Limpopo mine dips at 58 degrees, where incidentally the reef structures are heavily faulted. The southward direction of dip is definitely as expected for the saucer-shaped structure that is the BIC. Interestingly, the Northern reef dips at 40 degrees and it occurs to me, in my splendid ignorance, that Doornfontein might (rpt might) represent a transitional structure.

Mike Johnson incuded the snippet, "The initial hole should be completed by December 20th. We will then see if our interpretations are correct." It is utterly inconceivable that they didn't drill fairly centrally into the known magnetic anomaly. They will have seen the core.

Myself, I am highly optimistic that they will have penetrated some PGM-bearing reef although I suppose it could be mainly ferrochrome. I would put the odds of intersecting reef strcutures at no worse that 50%, given all the above.

In my puny mind, the questions are a) will it hit the usual reefs, which vary a fair bit from area to area, in several respects, and b) will the grades be worth a twitch of an eyebrow. Metallurgy is no longer a problem these days.

Anyone wanting to do some background reading could do worse than .

If I'm right you guys can but me nice pint of Hoegarten sometime :) Vice versa if the result is entirely negative.
DD

[frizzers] 07/1/2008 20:13

Hey, the juniors were largely down today, but Beartooth was up - and on decent volume too. But not massive volume.

Something might be cooking.

If they were decent geologists, which we presume they are, hence our investment, they would know what's in them thar rocks before sending them off for 'official' testing - they should do their own testing too. I can't believe we've been waiting this long just for rock-type confirmation drill results. It's possible some targetted drilling has also taken place.

[yikyak] 07/1/2008 18:03

As far as the significance of the magnetic anomaly we'll know soon I guess and yes i'm tictactoe on stockhouse and also LondonGoodDelivery on gold-eagle.com :-)

[doobydave] 07/1/2008 15:40

Sounds like you were both in London for MJ's presentation which I couldn't make. I have a few thoughts on this but before I enlarge, I have a question for you guys. What do make of the magnetic anomaly?

BTW yy - are you also tictactoe on Stockhouse?