The company had a presentation on Friday in Sydney. I attended, the two key takeaways from my perspective. The company is running a pilot plant in China shortly to allow customers hands on exposure to the processing, to see for themselves the quality of the product, that could encourage someone to step forward with a financing proposal. And the other observation was about who attended, the last AGM could have been held in a phone booth, this time it was a number of tables with some very observant questions bring asked by guys in expensive suits, it looked like Blackrock is starting to pop up on radars for those looking for the best exposure to the sector.
Financing is the key, if they can get someone to step up and buy part of the mine at the enterprise level, so that shareholders are not asked for more dough, then we me see this company reach its full potential, without heavy dilution.
The next few months will be very interesting.
BKT Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
