My background is medical so I tend to back medical companies and avoid the miners as I don't know enough about the industry. However these guys caught my attention when they topped a list of gainers a couple months back- going from 0.001c to 0.002c or 100%. Even though the whole thing seemed dodgy it was too cheap not to have a go so I put in a $1,000 punt and 18 days later it went through and now I'm the "proud" owner of 1,000,000 shares.
So can any of those in the know shed a little light on this company?
As far as I can tell they are performing lots of drilling looking for a viable site to mine? If they find something worthwhile then do they need to raise more capital? Would they start mining straight away? Would another company ie Meteoric Resources do the mining? What's wrong with what they've already found? Also it seems that directors are selling off shares which I assume is bad?
What would it take to get these shares moving?
Apologies for my ignorance, as stated before mining is not my forte.
BLZ Price at posting:
0.1¢ Sentiment: None Disclosure: Held