BKT's SP has gone nowhere in 10 months, and the general market sentiment is now bearish. I think it will take a lot to turn this around and get the SP moving in the right direction. We've been at this stage between "financing" and "construction" (according to their slides) for far, far too long. The suggestion that we are beyond the "financing" step is false anyway, we are not even there yet, let alone at the start of construction. With the latter to take 20 months, it now looks like first production won't occur until 2025 at the earliest. I think this continued silence from BKT management is completely unacceptable. There are opportunity costs for funds invested in BKT compared to elsewhere.
All IMHO, DYOR
BKT Price at posting:
13.3¢ Sentiment: None Disclosure: Held
