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WMC - Wiluna Mining Corporation

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I find it interesting that a gold mine is making money and hedged for the next 8 months would drop like this.

Only thing left is the AISC that investors probably wanted closer to $1000.



I will be watching tomorrow to if a bounce occurs as it is currently oversold.

 
Trav. said:
quarterly report out and nothing to get excited about. https://newswire.iguana2.com/af5f4d..._Quarterly_Activities_Cashflow_Report_June_18

Still trending down and feeling unloved at 4.5c
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BLK is getting squeezed by a declining gold price and a high AISC. If the gold price recovers, there should be a decent bounce. If not, it will continue to sink especially if they need to raise capital.

They're currently caught in a difficult situation and it is the direction of the gold price that will determine how things play out from here.
 
Blackham Resources hitting new lows this morning as the gold price plummets. With FY19 production guidance of 77k to 89koz @ AISC A$1,250-1,450/oz, BLK's margins are getting squeezed. Tough times for this unloved gold miner.

Down another 6.82% to 4.1c today.

 
Blackham closed @ 4.6c today up 6.98% after release of their quarterly today. With the price of gold trending up hopefully next qtr will be as guidance with a reduced AISC from $1588 to $1250-1450.



 
Starting to look healthier for sure … If they get the AISC down to the projected levels …. and even better, eliminate the Net Debt, things will start to turn North again for sure.
 
Good news for BLK today.

Closed @ 4.6cps with good volume . Hopefully it can climb upto those dizzy heights of 7cps like it was back in July.
 
Essentially positive news yesterday ..... Down another 4% today …. gotta love the Spec end of the market ….. If they get their AISC down to the projected levels and the POG behaves, BLK will have to have their day in the sun you'd think …. I don't hold, but at face value it looks medium term a safe punt at these levels.
 
Yes not a good week for me. Not the end of the world just frustrating waiting for sentiment to change.
 
Well here we go again.....waiting on the quarterly report which is due this week to see what the AISC will be.

This will probably set the trend for the next 3 months as investors are not keen to jump in again as many have been burnt by buying at higher prices (well that is me anyway!)

POG obviously doing well, so fingers cross that we jump out of this sideways action.

Fridays close 4.4c
 
We could have a leaky ship here, up 13.64% today to close @ 5c
 
Announcement out after hours so this looks like the driver for the 13.64% rise.



Now on open today BLK is of to the races - up another 12% to 5.6c

Go you good thing !
 
Looks like she will be heading down today, missed AISC and Production targets.

 
Trav. said:
Looks like she will be heading down today, missed AISC and Production targets.
Click to expand...

Market is cruel sometimes ….. Someone owes someone a "please explain" on the strength of the move just prior to the dump today ….. Not a good look for management from where I'm sitting
 
A month ago it looked like this might finally have found its low but todays reaction was not great.

News today was good and bad. Selling Lakeway tenement for $10 million … cash will be handy.

Produced a reasonable amount of Gold but their AISC is still hurting them. If they could get that down 20% their number would start to look exponentially better. Still some life in it yet with the cash injection!
 
My pick in this months Comp …… While ever it stays above $0.010 it is a chance of doubling in a month Under that level not so good!

Resource is huge but only low gold grade …. If they can improve the AISC it could re-rate … Punt
 
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