So as of today, BLK has liquidity to fund the refurbishment and get into production of $49 million (well above the $32m required). There is also $8.5m in the money options which hopefully will be taken up in coming months to cement beyond any doubt that BLK is going to be a producer and not need to go to the market again.
I wonder if management are tempted to buy some more put options, with the POG going well above AUD $1700? I think if they can be a little patient, they will be able to see AUD $1800 very soon.
BLK Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
