BOK 0.00% 19.0¢ black oak minerals limited

Agree - am heading for the door as its almost impossible for...

  1. 111 Posts.
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    Agree - am heading for the door as its almost impossible for this company to make a profit after it services its debt levels. No chance of dividends at present (zero) given existing production levels and time frames.
    I am old fashioned and monitor the cash flow statements so without an extra injection of capital or other revenue sources the vanilla plain equity holders as opposed to trainstone end up with nothing - do the maths ! if commodity prices go through the roof in the next 6 months there might be something left for shareholders post marda and mt boppy other than the value o the plant at manuka the old wonawinta asset has almost claimed its second victim. Lots of companies dig holes and move dirt which equals money in and out and a zero sum game for shareholders. Much better assets in this space good team bad assets.
 
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Currently unlisted public company.

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