WMC 0.00% 20.5¢ wiluna mining corporation limited.

Gold Turnaround Story of 2018, page-1865

  1. 2,873 Posts.
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    Yeah does not bother me, instos are happy to bag or even half bag on the large exposure. As you said if they wait till March results to sell the price will go down as quick as it goes up the next day. Positive news in March will introduce a new blood of instos also who have been possibly sitting on the sidelines watching the early progress of BLK. Three good months in a row and some drilling news will just about confirm the turnaround for any investor. Remember BLK need the share price to stay above 8 cents by Jan to get cash from the oppies and the sooner they can lift the share price the sooner these oppies will be converted. I would say a price above 12 cents will be compelling enough to convert real early. My feeling is a poor March result will kill any hope of the recovery from the market as there has been no inclement weather etc and it's a big month 31 days. Hopefully no fires or wall collapses either. They would have already advised this, this time round with what's at stake. Once again a bad March will just about spell doom for this stock as no one will have confidence in any future production. Glta just need to get those March results and should be smooth sailing then on in.
 
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