What Tanner said ;) I'll add to the above if I may..... 1) Very...

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bitzer

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02/09/16

18:31

Post #: 18897942
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Originally posted by Tanner ↑

Dear Leo,
We prefer not to play games or tease people on this forum. We ask newbies to read the previous ASX announcements on BLK plus some reading of great contributions with serious analysis by the long term Hotcopper contributors on BLK.

BLK has rich resources, a great management team, strong technologies, lots of money going forward after brilliantly timed acquisitions and capital raisings, has transformed itself from successful explorer to a company on the verge of commencing gold production initially over 100,000 ozs per annum to more than 230,000 ozs per annum in the near future, low cost gold mining costs, plant and infrastrucure already in existence after low-cost entry and refurb.

BLK has a very small and tightly held share register with relatively low share capital for a company at the gold production stage already. This means that existing shareholders will do well from quick growth and limited or no dilution of their BLK investment. Yet BLK also already has strong institutional support from the likes of Hunter Hall. You ought to read the company's ASX announcement for the recent successful placement.

The very tight share register possibly makes its share price more volatile. The technical movements are distinct from fundamental analysis as share traders rely on good timing for each next upward spike or speculate on the depth of the next plunge before climbing to the next high peak. Some of the traders who have shown bad timing got caught up in a downward spiral when their capital margin lenders made calls.
So Leo We welcome you to BLK.
If you're smart, you'll enjoy the ride.

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What Tanner said
I'll add to the above if I may.....
1) Very fast payback on debt
2) Clear intentions (as stated publicly) to pay a dividend as soon as practicable

DYOR

BLK Price at posting: 78.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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