Ann: Extension of Entitlement Offer Closing Date, page-8

Hi all. I have previously held at $0.215 and sold shortly after with a small profit. Something just didn’t add up and to this day it still doesn’t. However, I’m no expert, but have read and read the comments, the announcements and watched the SP sink. Please someone correct me if I’m wrong here but I understand they have about 6m oz of gold JORC’d? At an in ground value of $60 and oz, that would be worth about $360m. Current MC is $37m or thereabouts; around 1/10 of that value. Management are obviously not favourable and the way they are dealing with shareholders, past and present, also not favourable. Either the company is heading towards “crash and burn” status, or with the current MC it maybe an opportunity?

I’m sure I’ll get lots of negative responses, but are there any positives? Is it simply poor management or is there some other issue/s with BLK that just makes it a high risk investment. Like all of you, I’m looking to make a $, whether trade or LT. Thanks in advance.