WMC 0.00% 20.5¢ wiluna mining corporation limited.

Ann: Market Update, page-18

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  1. 12,141 Posts.
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    Sorry Plext, but... do you realise the deal that BLK as already done with the Lind group?
    Dilution is coming, and its coming big time no matter what, even if BLK actually are cash flow positive for the first quarter ever. Anyway, good to see that BLK can kick the can down the road, although as Loki mentions, until the details of the potential debt deal is done, its all still guesswork.

    BLK will I believe, draw down on the Lind fund, because they don't have to convince anyone to pony up, hell, they don't really have to do much at all, just sign on the dotted line every month and right now (and $3m bucks falls into their laps), the dilution would be about 7.5% per month. Sheesh, typing that is pretty scary.
 
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