Blackham AGM- Turning point, page-16

It seems BLK is the only stock you post on? Why is that?

At 50 million market cap its a bargin. "When" not if, managment become cash positive, this will be worth minimum 150m market cap

There is absolutely no way pacific road would throw money away on a mine that cannot suceed in making profit. They wont risk taking over a mine which will fail and then sell it for a quarta of what they paid for it.

They completed technicial DD for over 1 week and were obviously confident about the outcome.

Look at BDR in 2014 they were in massive debt running at a loss due to similar issues as BLK they have been hovering between 100 and 500 million cap with 1.26 billion shares on issue and 30 mil debt and IMO BLK is much better positioned with 336mill shares on issue and even after dilution wont be bad at all.

I beleive comparisons are useless. I also do beleive management didnt lie but they over promised and under achieved which im sure was not intentionally done and many were caught in the hype and still posting. Traumatised by the loss. I my self sold on the rise in december as i was multibagged and didnt want any risk.

IMO its always important to invest based on facts not promises from management as nearly 95% of promises in most companies are hardly achieved.

The facts are we have a resource defined and grown.

Plant running.
Crew in place.
Much experience of mine learnt in 2016/2017 lessons learnt hopefuly
A running mine.

The rest is luck and patience.

GLTAH on monday and the remining months of 2017

W.W