23 Jan 2017
FY 2017 Production Guidance
60-70koz for 8.5 mths
Asic costs A1149 /oz
Matilda and Wiluna Stage 2
Expansion study aimed at .......+200k ozpa.
Now between the 23rd Jan and the trading halt NO MENTION of the result of the study
SO HOW THE HECK DO THEY KNOW HOW MUCH capital is required
or is this a sop to the insiders at BLK?
No additional report on production!
My suspicion is that the directors have not kept the market appraised and the spurt in price was selling by insiders into a trading halt. It happens all the time...... Price spurt followed by trading halt and announcement of an Issue.
A computer program linked to the share register could flag these events ..... but there are too many....vested interests.
BLK Price at posting:
73.0¢ Sentiment: Sell Disclosure: Held
