BLK, page-32

We will see on Monday trading. (POG AUD over $1,880).
I noticed the big three producers had a good rise on Friday, SBM went down for some reason (do not care why, recent share issue etc prod update).
If Monday"s trading is high with the same share price result we have something to worry about.
This is a highly leveraged play and should benefit. They have approx. 30K hedged over a period of ten months at a lower price. However BLK should benefit if they predict the 23-24K production in the Sept quarter.
Also produce 15K on this quarter.
If they stop spending, proving up resource in far flung areas and concentrate on Golden Age North which, once again I stated 16 months ago. Also take a hard look at Wilanu open pit costs (which I hope have improved or we are dead).
Bottom line, if there is big volume on Monday I think it is a wise guy/insto/recent investors getting out as it is not worth the trouble, and a punter getting in. (not good)
If POG goes over $1,900 AUD this should rocket. Which looking at recent trading it will not.
I have a thought that it may take $2,000 POG AUD for this stock to rocket as the next quarter results will be bad.
Then Sept qrt. will be good. But then again who trusts Milan's forecast. He has got it wrong for a year.
Still holding my significantly reduced investment. What the heck now anyway.