BKT 1.85% 5.3¢ black rock mining limited

Sorry to hear you were holding LNG at the time J L and the...

  1. Don
    298 Posts.
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    Sorry to hear you were holding LNG at the time J L and the points you make are sound and entirely realistic, based on fact and unhappy experience!
    I was being rather simplistic with my comments, but I hold the view that the Board is only now forward funding in amounts just enough to get through to the next step, to the extent of minimizing dilution I assume. So there is a major risk difference here.
    You would think the inherent quality of the project would allow it to obtain funding without any problem at this stage.
    However global times are looking increasingly uncertain and it would not take too much to make me nervous indeed.
    I will feel more confident with POSCO securely locked in.
    Regards,
    Don.
 
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