SP and EV have retreated brutally and quickly over the past two trading sessions. Is this an over reaction for management being somewhat economical with the truth or is the current share price truly reflective of fair market value?
During BD's interview this morning in relation to the March quarter outcomes he, naturally, tended to focus his reponses towards the "significant turnaround going into the June quarter".
If this is true I think shareholders would like to see a strong directors vote of confidence in BLK translated in the form of a reasonably substantial on market purchase of stock at current prices.
That would give me and perhaps others a degree of confidence that the "significant turnaround" in mine site metrics going into the June quarter have substance and are not just another public relations exaggeration.
All in my opinion.
BLK Price at posting:
40.0¢ Sentiment: None Disclosure: Held
