I am always astounded when people call this a 'spec stock'.
I've said it before, I didn't invest in a spec stock. I invested my money in a 100k oz gold producer, who were raising funds to expand to 200k oz.
To this day the company markets itself as a producer and is still heavily promoting the 200k oz story.
Calling this a spec stock is just putting a more palatable label on management's continued failures.
How do you turn a supposedly sound investment into a spec stock??
Easy. Just have a look at the last 4 quarterlies.....
NB: I'm not here just to rubbish the company. I'm here to give my opinion on what I perceive to be facts, as opposed to the 'alternative facts'.
The facts may be inconvenient or annoying, but somebody ought to say something when management continues to dish up large servings of bulltish. (thankfully there are a few of us who do just that)
BLK Price at posting:
14.0¢ Sentiment: Sell Disclosure: Not Held
