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Blackham Q&A | $BLK | 4th April 2017

Ok. Blackham’s attempt at stabilising investor confidence. Perhaps filmed during the trade suspension to proactively curb bearish sentiment.

 

Keep in mind this is pure PR and damage control.

Make of it what you will.

| the Merchant

 

Will chart BLK soon, but 36c is roughly support below the 38.5c mark.

2 Comments

  1. Anonymous

    I think that given the underground problems and that they were already a month behind with the higher grade pits that by the time the floods and electric fire came the production damage was already done so maybe this was even prerecorded? Lucky they had the capital raising to fall back on or else they would be on the line… (I guesstimate something like 12M down this quarter given forecast expenditure and 15koz production and hedge at 1700AUD) no wonder the market reacted..

    Not happy with their reporting attitude and although they seem confident about production target for next quarter there were no comments about AISC. What they don’t say has proven to be where the money goes. You seem ok with it given your re-entry, I am not sure if 38c is a bottom or a falling knife. I stayed in at 50c so would like to average down here to then close my original position on a bounce to 48c depending on news next week.

    Gold is providing a nice tail wind but miners without margins don’t go anywhere because they don’t have any sails!

    Reply
    • Ice Doctor

      Oh that was me. To close to my bed time!

      Any chance of comments being linked to registration?

      Reply

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