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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 Sep 30, 2020 9:43am
70 Views
Post# 31640877

RE:RE:RE:RE:RE:Any thoughts?

RE:RE:RE:RE:RE:Any thoughts?I dont agree with your views on Matt. He is cautious and despite things moving too slowly he does have the best interest of BKI at heart and is looking for deal he can get. I would rather have "boring and cautious" Matt here than many other CEO's I have experience of.

He has got himself in a bit of a mess between an OK offer on the table and what he believes are potentially better offers from other parties waiting to visit site. He need to give these other parties an ultimatum - either carry out the site visit, get a report from a Ukraine based consultant and work on that or get out.

Matt waiting for the world to get back to normal and then receiving site visits from investors before they decide if they want to get on board could take months and is not an option.  
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