The ASX index is currently being hit on two fronts. One, huge super outflows of 4 Bill.OR MORE depends. (currently 460,000 people applied for money.) Two the market is down and super funds need to sell stocks to cover long term investments. This on top of the only liquid trade is becoming gold and gold stocks in the ASX 300. BLK have nothing to do with this. BLK have nothing to do with hedging or forward contracts except for probably 10K/oz. As stated two months ago until Aug. @ AUD $2.2K/oz. Free and easy. On current trading volume no one knows them. Seriously against the ASX 300 stocks. who is going to make cashflow targets over the last and next quarter ? Even if BLK produce 14K/oz over the last quarter and sell @ above $2.4K/oz. Currently @$2.7K/oz. Who is going to be one of the winners. You guess? They will make more cashflow over the last and next quarter than a huge % of ASX 300 stocks. Now look at BLK mkt cap.
BLK Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
