This should be the main question on this board: @FrankJ1987 : Still consider whether hold or sell.
Frank said: "Am already far too far in the minus $30k. It's just horrible." @GravityWaves : "No problem @Hiddenvalue. I was down $22k when I sold out." @ Hiddenvalue : "I am down around 40k at then moment."
I can feel with you all ! I am now in the same boat with my losses in BLK as you, not so great as yours, but it is also a maiden loss, which I realized now and that's why, this is perhaps my last post on this board. I was dazzled by promising first quarter 2018 with deeper AISC than ever before and I hoped this will continue further, so I held to view the light on horizon. On ASX query end of January I found a very good comment from @Osgood imo , who said: "Question from ASX ( should be) - when did you know that gold production and ASIC was going to miss your released and reconfirmed forecasts. Answer - (would be ) we have known that every month - why do you think we went to quarterly reporting."
I do not know it either: Will BLK go into insolvency or can it perhaps survive with more injections from Lind or others. But what counts for me most: I lost my confidence in this company, so i sold out with heavy losses. So, if you believe in BLK further, hold on, otherwise you know, what to do.
Imo it is better to change a company with ASIC of 1.500 or higher to another play with ASIC of under $600/oz (gold miner in the making). For me that counts for better chance/risk-relation. I do hope so !
BLK Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held