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20.5¢ wiluna mining corporation limited.

G Good work jas, Chart looks like it's bottomed. Eoddata.blk...

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matchbox20

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27/02/18

22:22

Post #: 31396267
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Originally posted by jas626 ↑

i brought in the options today, I think there is a very good shot of the SP coming back to at least 20 cents by the end of the year, this will mean outstanding leverage for the options, many bags possible.

what I really like
- BLK will have plenty of cash to run their business.
- some of the debts paid down, other's made manageable now.
- massive gold resource, works out something like $9 a oz, crazy cheap.
- recent gold production increased and cost lowered.
- BLK now cash flow positive.
- as have been said MOY makes a investment in BLK very compelling.
- gold price very stable and profitable a current levels, and I believe will rise more.
- very strong uptake of recent raise, 87%
- big gaps to fill on the chart from last year, could offer many bag return for current holders.
- I expect many investor's to pile in expecting good gold results to continue from dec, jan
- regal funds loading up at 4 cents for 5% of the company
- directors loading up to around 700k, ( there not going to drop that sort of money if the company was in finical trouble or not expecting good profitability in the coming months.

what I don't really like.
- Director's have a poor past performance
- most shareholders if still holding are way under water here.
- CR was very low and should of been around 8 cents imo
- company is still in debt that is always a issue when trying to raise more money or shareholder perception

but all up I think BLK offers a excellent risk/reward play here, greenbull has covered the massive discount currently being given to BLK current resource, most likely because confidence is low and the success of the resource is not getting valued in fully, I suspect if BLK can get some more cash flow positive quarters and pay down some more debt, a fast rerate could be on the cards,

I remember when MOY was at 5 cents and had debt, after they announced they were cash flow positive and paying down debt there rerate began.

Expand

Originally posted by jas626 ↑

i brought in the options today, I think there is a very good shot of the SP coming back to at least 20 cents by the end of the year, this will mean outstanding leverage for the options, many bags possible.

what I really like
- BLK will have plenty of cash to run their business.
- some of the debts paid down, other's made manageable now.
- massive gold resource, works out something like $9 a oz, crazy cheap.
- recent gold production increased and cost lowered.
- BLK now cash flow positive.
- as have been said MOY makes a investment in BLK very compelling.
- gold price very stable and profitable a current levels, and I believe will rise more.
- very strong uptake of recent raise, 87%
- big gaps to fill on the chart from last year, could offer many bag return for current holders.
- I expect many investor's to pile in expecting good gold results to continue from dec, jan
- regal funds loading up at 4 cents for 5% of the company
- directors loading up to around 700k, ( there not going to drop that sort of money if the company was in finical trouble or not expecting good profitability in the coming months.

what I don't really like.
- Director's have a poor past performance
- most shareholders if still holding are way under water here.
- CR was very low and should of been around 8 cents imo
- company is still in debt that is always a issue when trying to raise more money or shareholder perception

but all up I think BLK offers a excellent risk/reward play here, greenbull has covered the massive discount currently being given to BLK current resource, most likely because confidence is low and the success of the resource is not getting valued in fully, I suspect if BLK can get some more cash flow positive quarters and pay down some more debt, a fast rerate could be on the cards,

I remember when MOY was at 5 cents and had debt, after they announced they were cash flow positive and paying down debt there rerate began.

Expand

Good work jas,
Chart looks like it's bottomed.
Eoddata.blk

Gold production in last week of dec 1685 oz
Gold production for jan 6498 oz.
8183 oz in one tenth of the year.
Target 80-85k oz this year.
Sounds cheap.
Debt is minimal if they can achieve the 80k oz.

BLK Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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