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Black Iron Inc T.BKI

Alternate Symbol(s):  BKIRF

Black Iron Inc. is a Canada-based iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including various owned by Metinvest and ArcelorMittal’s iron ore complex. The Property is situated in the Kryvyi Rih iron ore basin, located in the Dnepropetrovsk region of Ukraine (Central Ukraine). The Company holds an interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske project. The project is located in proximity of infrastructure, including rail, power, water and ports.


TSX:BKI - Post by User

Comment by BueBoyon Aug 05, 2020 9:03am
73 Views
Post# 31365760

RE:RE:RE:RE:Wally is going on ignore for me

RE:RE:RE:RE:Wally is going on ignore for meNot sure there is any complaining in what I posted, just facts tempering your bullishness which is your opinion.   
  
You are talking about the same work he was putting in last year with funding and construction partners. It's been on-going and still is. These were supposed to have been concluded late last year. Meanwhile, despite no agreements signed another stock option plan for management is announced.

The share price increase over the past two months is due in part to Zelensky's endorsement, in part to the ore price and in part to better PR from Black Iron. All good news, but investors are wary of investing in a country where a change of PM can happen overnight to an anti West or anti mining president, the Russians are unpredictable, there are no contracts yet signed for land transfer, construction or finance and dilution to raise cash is becoming too regular to pay for management and advisor packages because of delays. Even the rail and power links BKI will require are controlled not by the government but companies who are potential competitors within the ore industry. DYOR. 
         
I am an investor and this for me is a stock you hope for the best but are aware of the risks. I said back in April nothing would happen for at least 3/4 months and I was shot down for saying so. You say there will be an announcement on construction financing this month. I say not. I don't know about construction timeline. I am concerned it won't be met but I hope it will. Let's agree to wait and see.  
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