At 1 cent, Chairman Milan's new entitlement+underwriting is now at nearly $400k loss, I doubt he walked into this situation with his eyes wide open without a reason. I doubled my holding today at 1c. I will be watching what he and other major holders are going to do in mid-term. The next quarter still not a profit-making one, but with this CR and POG over $AUD1800+ and estimated AISC $1700~, the company is relatively safe to cruise into September Q. All assumptions of course. Let's see what happen then.
Happy with my average 1.1 cent holding.
BLK Price at posting:
1.0¢ Sentiment: None Disclosure: Held