BRD.V Blue Roc (microcap Uranium gamble)

I really like Blue Rock Resources

http://finance.yahoo.com/q?d=t&s=BRD.V

http://www.bluerockresources.com/s/Home.asp

Seems almost too good to be true: historical resources, major tunnels already in place, permits in place, VERY small market cap. They claim production next year, but if they delay, the price may crash. I talked ot the CEO a few weeks ago. Seems quite sharp and confident

I recently doubled my position. I believe they may jump a bit in the next few days as a newsletter writer appears to have taken a position in them, but most of his readers do not know yet. I will sell 1/3 on strength (Jim Sinclair's advice! www.jsmineset.com)

Not so good news on a mill for Blue Rock

http://www.stockinterview.com/News/07092007/Uravan-uranium-mining-district.html

Holy smokes!

what happens to the stock from here? Is there any guarantee Denison does not raise prices further?

I don't think ishare price can go down much more...I just think the profitability is lower until Denison's mill gets some competition (or they adjust their prices if the mill does not get enough business at those rates).

Keep in mind, Denison is talking to BRD and may give them a better deal than the listed schedule for small miners.

Drilling in Mongolia!

http://biz.yahoo.com/iw/070716/0278603.html

Forget about Mongolia. It's icing on the cake if a high-grade discovery materializes. I'd rather see BRD focus their energies on production from their Tramp mine to fund future drilling.
Maybe they could have avoided a private placement. http://www.bluerockresources.com/s/NewsReleases.asp?ReportID=197428&_Type=News-Releases&_Title=Bluerock-Resources-Increases-Private-Placement-To-Raise-Up-To-6.7-Million Who knows, maybe they know something that we don't since they continue drilling. Nevertheless, at a solid price support level, this low-cap, near-term producer represents an outstanding value in the high stakes bets on uranium.