BOK 0.00% 19.0¢ black oak minerals limited

Have read most of the posts, have done the research, have...

  1. 111 Posts.
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    Have read most of the posts, have done the research, have followed the story since it was Polymetals, have been in and now finally out of the story. Want to get excited about this because we need junior companies having a go ! but I can't see it for anything but an exploration play and there are many better out there if thats the case ?
    a) All of Mt Boppy and Marda cashflows pretty much go to Trainstone to repay debt ?
    b) Nobody on the Board has exploration success ? or is a geologist yet the upside is finding economic silver at Cobar or more gold at Boppy. When it was polymetals they spend a fortune at Boppy exploring and found no additional gold.
    So even if gold or silver price goes through the roof, the future is on exploration and there not doing that much of it as they have no free cash ?
    Unless trainstone tips in more cash BOK must be 5 minutes away from a rights issue - then we'll see how many true believers there are - good luck BOK prove me wrong !
 
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Currently unlisted public company.

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