Good effort there mate well done. Imo charts pretty buggered now...

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mattdamon

3,618 Posts.

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13/04/18

10:09

Post #: 32430043
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Originally posted by mmoore1957 ↑

I like your optimism and your right that patience is the name of the game with BLK. However I need to add a few more ingredients to the mix:
1. BLK must consistently deliver 20kozs PQ over the next twelve months
2. BLK must consistently deliver a AISC = A$1200/oz over next twelve months.
3. BLK must regularize their Working Capital position back to normal terms & conditions within twelve months.
4. BLK must substantially repay their debt within twelve months.
When they have established corporate & management credibility by delivering the above then the market will award them a MC appropriate to:
1. AU production = 80kozs pa
2. AISC = A$1200/oz
3. Operating CashFlow = A$40m pa (AU = A$1700/oz)
4. BUT MOST IMPORTANTLY: Company Cashflow = A$40m pa
In my view the appropriate MC = A$200m once this point in their life cycle has been reached.
However their is still substantial uncertainty & risk associated with BLK and until this has been dissipated by strong & consistent performance then I suspect the SP will struggle to make any short term headway.
Please DYOR

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Good effort there mate well done.

Imo charts pretty buggered now they've well and truely killed it. The gap yep she's in the equation now. I have a gut feeling it will bounce before then though. Talk about throwing the baby out with the bath water, everyone deserves a second chance and I'm sure mgmt and all the crew on site are working their backsides off 24/7 while we sit here and type a few lazy posts. I worked in a gold plant for years I know the back breaking work involved. Give them a break I reckon unless you've been there and done that your judging very harshly. Go BLK hope they show people wrong.

BLK Price at posting: 6.9¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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