Gold Turnaround Story of 2018, page-2853

Friday's action was purely short covering which normally occurs on a Friday. I don't expect to see any strong SP movement until FY2018 Q4 (or April) results are released. These must show strong, consistent & profitable performance and most importantly positive company cash flow otherwise Mr Market will not be happy.
I don't expect FY2018 Q3 Report to look particularly impressive because of the cash outflow related to working capital normalization. I expect Appendix 5B to show a negative movement on Operating Cashflow (Line 1.9). The equity raising of A$36m will result in an overall increase in BLK's bank balance but a large portion of the equity raising will have been eaten up by the negative operating cashflow.
So BLK is still high risk and management have a lot of hard work to do before it is out of the woods.
Please DYOR