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BLK some good trades going through now

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09/04/18

12:22

Post #: 32316577
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Originally posted by chapu ↑

BLK a buy again at $0.085 in my opinion (hitting Fib level and long term upward trend line). I must admit that I didn't see such a sustained sell off this morning but existed at $0.096 to limit some of the damage.

Yes, March AISC was higher than February, but let's remember that quarterly AISC is significantly lower than previous quarter, production volumes continue to increase, and net debt was further reduced. Quarterly production profit approximately $11.5MM-$12MM. With a current net debt of about that same amount, we could well see that debt paid down as early as Q3.

Not necessarily a day trade here (although I think we may see an arvo rebound) there is significant value in the medium term for BLK holders.

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BLK some good trades going through now
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