very optimistic for the next quarterly don't you think?
Last two quarters are showing ASIC of 2000$ and 1750$
I really can't see it dropping to 1058$..... plus those figures are theoretical LOM figures which BLK says they can achieve in the EXPANSION PFS... which will require another 114m$ in capex. Time and time again.... BLK shareholders being pulled in by fancy numbers thrown in the presentations which don't seem to correlate with reality.
Does BLK even have enough money? The figures in the last quarterly are ASIC which means the total cost is actually higher than 1750$. The operation is still negative cashflow. More equity will need to be issue through the lind facility.....
The whole facility feels like one of those death spiral financing taken up by distressed miners. There is no incentive for Lind (Only the options but they are free for them) to let BLK have a high share price as the lower the SP gets.... the more in % they own as it is calculated based on 90% of the last 5 days average share price. As they can get it at a discount each time.. they could potentially dump stock every conversion to skim profit.
BLK Price at posting:
21.5¢ Sentiment: Sell Disclosure: Not Held
