While I applaud BLK finally providing the market with the facts, the reality is that as yet.... grades have NOT improved, yet they keep saying so! Anyway. Capital raising is a certainty now.
Yes I am a bitter ex-BLK shareholder, but I think those without rose colored glasses on can see what I see.
A 16000 ounce June quarter that will see their cash balance reduce at least another $10m.
Yep, that hedge at $1644 is all that BLK will get due to the low production rates.
Good luck to all holders.
BLK Price at posting:
31.5¢ Sentiment: Sell Disclosure: Not Held
