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04/01/18
12:10
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Originally posted by sircorp
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I can smell BLK going up in flame (Liquidation ) same fashion as PDN went. Only hope Orion take over the BLK assets, sadly they are loss making assets only.
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My 12 months target for BLK is 3 cents. Needs lots lots of Money to Pay Debt and to Finance Plant. Money does not grow on tree's
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If I was Orion CEO/MD, I will put BLK into Administration and swallow BLK at bargain price on 1 or 2 cents or nearby.
BLK is not making profit and highly unlikely will make any profit, They are hiding AISC costs from public means BLK is not profitable at all.
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As far as management subscribing to share comes, well well, Draw Massive Salary from Company at other shareholder expense and subscribe to share. End of the they Management has nothing to loose but Win Win. Only Mum & Dad looses.
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I can smell BLK going up in flame (or court) same fashion as PDN went.
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What's the point of Orion swallowing a money pit? If it's not possible to make a profit from it, it's worthless. That's why Orion gave BLK some time. They want it to work, and get their $36m back.