No price is suppressed because the market doesn't have confidence in management being able to run consecutive positive quarters of production at an AISC that is profitable. Once June and September qtr are released and things are good then a significant re-rate will occur. Just have to be patient now for the turn around confirmation. I don't think price will head too much further south as this is a bargain at this price. Shareholders will be selling at a significant loss still both existing and any left over traders at this level. My feeling is sentiment is hold for the majority and some weak hands giving away shares like a charity. Crazy who is selling at this price!!! Accumulators are loving the low price and low volumes is not an issue as plenty of time to go between now and June Qtr results. They will take whatever they can at this stage.
BLK Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
