Ann: Trading Halt, page-67

good analysis loki
and
""I would disregard this research report"",....and I do! be assured.

what should be bothering the shareholders is if they proceed with this funding agreement with death spiral practitioner Lind Partners whose modus operandi is to fund the ailing borrower with loans convertible into listed shares at a significant discount to the last price...which they promptly dump into the market ready for the next funding tranche. The well paid Blackham management are able to say "we're progressing " thereby maintaining some buying interest but given its history the BLK price will spiral down as LIND sell and will be nearing 1 cent in quick time .
That there is a mineable resource at higher gold prices is most likely . Better to put the mine on care and maintenance , sack the present board and management, install some caretaker directors on minimal benefits and await a gold price increase to say USD 1800 per ounze.
The BLK share price will drift around until that fateful time ..but it sure beats the inevitable fate if Lind walk in.