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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 ghostpepperon Dec 08, 2022 2:44pm
124 Views
Post# 35159903

RE:RE:RE:RE:same old BS from Matt...

RE:RE:RE:RE:same old BS from Matt...it doesn't really matter how stellar are tye projects or economics if nothing is ever done to turn the project a reality, the jury was already out on Matt he needs to be removed and replaced, the timing of the war is just the latest excuse, the last 8 years with no war and stability Matt has not managed to get the land, get the studies done, which are required to then get the banking deals, no binding offtake agreement and no royalty deals. He did accomplish to keep his job along with his options and nice salary and perks as well as give out sweet deals to himself and his friends at RAB capital with offerings. He hasn't bought any shares in the open market in 10 years(so much for confidence in his stellar project) and all the money he got on the latest PO at 40c is probably already all gone... he's burning 5millons a year and had only half of that in cash....another offering will come soon more dilution as well as another offering for the mystical land .....you're in for a lot of pain my friend if you are hoping this will turn around with Matt at the helm...he's going to blame everything on the war as if prior to it he had accomplished anything....oh yes he accomplished to piss off the offtake company with his video blaming them for the delays haha Matt is only here to milk every penny left he's got to go and maybe, just maybe this has a shot at recovering.
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