Gold Turnaround Story of 2018, page-2603

First 2603 Last

Share
Profile

Follow
nihilism

11,400 Posts.

565

12/04/18

13:12

Post #: 32408020
Share

Originally posted by CaptainGrumpy ↑

Hi Uttsy,

I think it's worth considering the position BLK had got itself into late last year. No such thing as a free lunch and 8 figures are not dished out lightly. A quick look at the broker data to see who has been distributing rounds out the story.

I thought (and evidently so did Mr Market) that there might have been one or two more positive announcements before the mine economics reverted to the mean later this year. Back into stripping soon and that could easily see negative cashflows for a number of months. If so, I suspect that will result in the final flush out of retailers who bought the Jan/Feb sugar hit.

If we get back into that 4-5c range I may be interested given the enormous leverage to POG and my uber bullish stance on that at present, but i'd be keen to see some insto support. That said, POG could blow it's stack any day now and BLK will be saved, but I'm not prepared to roll the dice on that, when the current share price is sky high against my personal valuation.

Expand

I wouldn't read into this as the market agrees with you or that the project metrics are 'loss making' for this year... I understand your position and valuation but using 1 off market moves as an 'i was right' shows immaturity IMO. Lots of people said it wouldn't hit 10c either.

Currently its being punished for it's history of over promising and making a small slip on that front again.

If it hadn't of released anything over the last 3 months and came with this result, the market would be ecstatic.

Sometimes less is more, and sometimes more is more. The market is not always rational and it is definitely not always right.

BLK Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
14 Upvote

1 Great analysis

Reply