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OK, why share price went up to 0.095 cents if they know mgmt is...

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ardy amar

692 Posts.

39

19/07/18

17:54

Post #: 34457634
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Originally posted by toss31 ↑

Now I know why nobody was touching BLK. It is not about AISC or gold production. It is about the management. they are liar and incompetence.

Last month in the conference in USA, the chairman said the AISC will be around 1100-1200. He new there was one off expense of lift, AISC will be more than 1400 this quarter. But, he did not mention. No forward looking statement. Lots of people burned yesterday and today. They do not care about shareholder. They only care about their own job and bonus and options. Ask any broker probably they will tell you the truth.

They are incompetent no doubt about that. There will be more one off cost in every quarter and strong cash flow is a dream. Now there production is steady, where is the expansion plan ? 2019 guidance is 79-80000 oz. Initially they told that they will expand to 200000 ounce . another lie.

They fall from the grace. Down 90%. nearly bankrupt. Initially , I thought they learned from their mistake. but I am wrong.

Cobalt is in high demand and growth area. They have very good cobalt resource but no plan to explore or upgrade. If you do not do that now when will you do it. when the demand goes down?

After six month holding the share I am back where I started. I very much doubt it will go anywhere in decent future. They have no plan for expansion.

I took a hit today. But I am moving on. There are so many good shares with good and trustworthy management. Good luck for the holders.

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OK, why share price went up to 0.095 cents if they know mgmt is lier .dixon has been serving in BLK almost 10 year as per my knowledge if it wrong correct me.

Investor expectation was too hight about company performance . Almost 1200 million share on issue now and not more than 50 million share traded in two days. Does it make any difference ? Because big boys know it very well!

BLK Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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