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 !
- Forums
- ASX - By Stock
- WMC
- Every dog has its day?
Every dog has its day?, page-122
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online