I think that $300M market cap before gold had poured was probably ahead of itself. I think whilst the story is good and the upside is there, some holders be it funds or HNW who are long at 15 - 40 cents will take money off the table. It is definitely good value here and I think 80 cents is a good level to get in. People are probably reducing risk for short-term. In a few months, when Gold is at 2000 AUD and BLK is trading at $1.50, then we will be saying we should have bought here.
BLK Price at posting:
81.5¢ Sentiment: Buy Disclosure: Not Held