Hmm Good price action, seems to be good confidence in the entitlement. I am on the sell side today currently at 9c hoping, mainly because I am not eligible since I live overseas. Keeping me up all night for a quite paltry sum, just to play the game.
People buying now are buying for the entitlement and the options. Buy 200k at 6c, get 500k at 4c means an average buy price of only 4.6c so people pay higher now. If you are wondering about the buyers now.
Aim to sell and think about buying in after ex date depending on price drop then.
Balance sheet not as bad as it could have been, compare with the first quarterly to see they did ok with cash this quarter. Still a long slog through.
BLK Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
