I have subscribed to Alan Kohler for six months just to see what their opinions were. In there column Barry Dawes who is the Executive Chairman of Martin Place Securities recommends Blackham Resources for his clients. he said in part: I see long term – and I have seen for some time – long term growth in this company. If it’s only producing 80 thousand ounces a year against a 6 million ounce resource, you know that there is expansion potential and they will be able to look at that I think towards the end of the year. I still think that the gold price will be much higher over the next 12 months, so think that’s going to help them as well, so I’m very comfortable to be recommending that stock which I have for my clients.
He goes on to forecast a longer term price of 25 cents.
That's my 2 cents worth in this doom and gloom site
BLK Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
