Considering the progress BLK made during the Dec'19 quarter with accounts payable & debt repayments, I thought I'd update my bullet points milestone list.
IMO, things might be looking up if they achieve all the following milestones...
The Working Capital Facility is fully paid by 29/02/20.
They continue to reduce the balance of their Maca Loan (fully payable by 31/05/20).
They announce funding for Stage (1).
They announce a finalized Expansion DFS for Stage 1 & 2* (*In the context of planning / feasibility for Stage (2) supposedly commencing sometime in 2020 / 21, it's unclear what progress they made on their Stage (2) DFS over the past 12 months since their Stage (1) announcement back in Feb'19. I suspect somewhere between not much & none.
They avoid another Entitlements Offer (either bundled with, or separate to, their other Stage (1) funding arrangements).
Cheers
BLK Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
