BKT 2.86% 3.4¢ black rock mining limited

Trading halt: "funding proposal", page-41

  1. 3,331 Posts.
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    Agree- the wording was a bit misleading - anyway we know things get lost in language and interpretation

    15c should in theory underpin price however we dont know if those sophs will offload above 15c - todays price action not that it matters , looks like they building a wall at 15c and offscreen sellers coming in above at 15.5c+ - just hope its not the insto making profit at others expense as not all instos are there for the long haul

    If I was a big wholesale investor i could knock on BKTs door and offer equity for shares at a discount - its only for the privileged unfortunately - if you want to play this game - buy at 15c / 15.5c and you shoudl be reasonable safe from loss- unless 15c gets taken out -


    upside is PFS due out in Oct/Nov and DFS March
    Last edited by Graphite101: 14/09/16
 
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