Couple more takeaways from this ASX note: Blackrock must be comfortable with the prospects of POG and BDR, and before any analyst is going to convince the bean counters at Blackrock to stump up $26m there is going to be some fairly critical appraisal and discussions with BDR mgt of ore inventory,cost allocations, AISC, liquidity etc. You would be naive to think $16m leaves Blackrock UK on the back of the latest Quarterly and full year accounts. Due diligence it's probably called.
Of course they don't always get it right.
