Ann: Drill Results Extend Open Pit & Underground at Golden Age, page-2

The report here may sound positive but I would respond by a "show me". Still holding only because I think there is a way out for them in light of more supportive gold and oil price environment. Furthermore, I have looked into the history of gold miners that have gone through at least 18 months of teething problems and then made good recovery. These companies include SBM's Simberi mine, MOY and DRM. As long as BLK's debt load is manageable (not exceeding $50m), it is possible to keep going as they do. The company is not going to go bankrupt under current conditions. Worse comes to worst, they can go into suspension and then negotiate with creditors and recapitalise like KRM, MOY and PDN have done in the past.