BKT 1.92% 5.1¢ black rock mining limited

Blackrockers Rock Again

  1. 522 Posts.
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    Thanks 13th not much to comment on in regards to the previous week.
    This was pre the POSCO $7.5m approval with trading volumes low and retailers mainly trading between themselves.
    However this week thats just past with Wednesdays announcement should show a different story. - - - -
    Around 13m shares we traded last week vs only around 8.5m in the previous 3 weeks.
    - Volumes for the week are similiar the the last run form 16 to 19c so buying interest is back on.
    - Stock price increased 25% and volumes increased 300% week on week
    - This was arguably the least concerning and a formality of the Big 4 announcements occurring in what was turbelent week for markets
    - The next 3 derisking steps should have a much greater impact of gaining investor attention and getting this rerated
    - Expect to see some more insto brokers on 13th list for this week as small cap funds surely stepped in this week

    .Conclusion : Expect more of the same sort of price action and volumes in relation to the remaining announcements and dont be surprised how high this can go. As others and I have stated the market cap on this baby is way out of line with comparable plays on the ASX in relation to NPV, geographic location etc etc. Natural Graphite value compared to Synthetic and the amount needed for batteries is finally been understood more around the world. The Free Carry Agreement - Geopolitical Risk can only be holding this back and as Ive said before when that announcement comes along with the others - Watch Out.

    Have a good weekend Blackrockers ! May the fun continue in coming weeks.

    The chart looks good too - appreciate if any one with better technical skills could throw one up with some commentary or thoughts.
 
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Last
5.1¢
Change
-0.001(1.92%)
Mkt cap ! $63.81M
Open High Low Value Volume
5.1¢ 5.5¢ 4.8¢ $193.6K 3.796M

Buyers (Bids)

No. Vol. Price($)
1 149310 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 157500 2
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
BKT (ASX) Chart
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