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20.5¢ wiluna mining corporation limited.

Pretty sure Nst are interested in profitable ventures. Wiluna is...

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T2000

493 Posts.

15/02/17

00:32

Post #: 22616411
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Originally posted by Bollingenuity ↑

Who is saying BLK is undervalued? Seems priced about right to me.

The question of why NST hasn't made a play for it yet might be better directed towards Bill Beament rather than BLK shareholders. But it is obvious that NST (and others) would have very little leverage in a potential negotiation with BLK as compared to say TAM, since BLK has a fully operational plant and the ability to raise capital as required.

Of course major goldies target such low-hanging fruit as TAM, who are in a weak negotiating position because they lack major funding. Should NST have made a move when BLK was sub 20c? Well the current SP tells that story.

So moving right along - any new reason why you suggest BLK will fail like Apex or just the same old down-ramping BS that has been spouted and refuted ad nauseum on these threads? The ore is too hard? Management are incompetent? There is an ancient curse on Wiluna? ...Yawn

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Pretty sure Nst are interested in profitable ventures. Wiluna is a wasteland.

BLK Price at posting: 67.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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