All looks positive from here I believe.
70 mil shares issued on 13th November will be having some effect you would think, coupled with the fact that shortish term people are no doubt betting on no news from the Tanzanian front before the end of the year, and, indeed unlikely til late Jan or so.
This is probably true, however if good news does come out of the blue, they will never get back in at these levels.
The Company, I believe, is very confident that the Tanzanian situation is resolvable, favourably and is not far away. Reading reports from other Tanzanian prospective miners this seems to be the widely held belief.
To me it makes absolutely no sense for Tanzania not to resolve the issue, and, with certainty. With resolution, one would hope that further necessary assurances from the government will be given in order to allow the funders of potential miners to move forward with confidence.
My personal view is the the President was initially as much concerned with the corruption within his own government and that was one of the major factors leading to his seemingly rash actions.... I am hopeful that this will eventually lead to Tanzania being regarded more highly internationally than previously due to greater transparency ... guess that depends upon how well this is all handed by the Government... hoping for some capitulation as well.
Richards Crookes would not have taken the Chair if he had any doubts about the future of BKT in Tanzania, nor, indeed, would he have invested in the Company as he did in the last placement.
He would know as well as any person how fundable the project is.
This all, rightly or wrongly, strengthens my believe in BKT, I am buying more atm as this can't drop a lot more, been waiting for this opportunity.
Good luck,
Don.
BKT Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
