from a technical perspective very short term it does look ok, held the 10ema and nice shape. Should do well today, and i expect at least a test of the upper range around 9.5 or so. Longer term, there is an awful lot of left side to work through, and it needs to form a much bigger base first. i expect it could easily range between 6-12c for a long time, assuming a benign gold price....
Personally i don't think we'll see a benign gold price. I'm looking for a major breakout very soon. BLK is probably the most leveraged gold play on the ASX with 75% of a large resource most likely uneconomic at current prices. So if i'm right, holders will do very well, but far better to buy on confirmation. Risk reward is not there yet.
