6 months ago I first posted here and the SP was well north of 40c.
Today (down another 5% to 20c).
I suggested a number of inconvenient facts, many of which still remain for BLK, and the share price has halved and trending backwards to lord knows where......
Can we forget the ideal and focus on the real?
Could should and would are all too common here for many of us. The remaining inconvenient facts are....
Fact 1. Production continues to be well short of expectations.
Fact 2. Debt needs servicing.
Fact 3. CR is immanent and predictable.
Fact 4. Old and tired equipment have not helped.
Fact 5. Technical support on charts has breached 22c and it's not a good sign, next support 17c
Fact 6. Other goldies are up and performing well with the current gold macro.
Fact 7. Appears to be significant selling.
Fact 8. Haven't been kept up to date by management.
I'm not sure we've seen the bottom by a long way, although I hope I'm wrong.
As I said 6 months ago - perhaps revisit here in (yet another) 6-12 months of improved consecutive quarterly results.
Regards
BLK Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held