Black Iron Inc T.BKI

Any thoughts?

[SomeFromNone]

part of me thinks that Matt is secretly trying to pay for phase 1 entirely with offtake, royalty and construction deals.. no debt from the European banks.. it's less than $500m.. any thoughts?

[IvanGubinski]

Time to cut losses. I really regret believing into Matt's story now. BKI is slacking so back. Ukraine is probably even worse than Africa. In Africa, at least those folks gave you the paperwork right away. Former USSR states got the messy laws like first world countries and the political risk of a third world coutrny. What have I done to my portflio.  As for Matt, most of the time he is

[6pako6]

You changed your mind faster then your butthole after taking a $hit you are fake.

[BueBoy]

My thoughts are that Matt and his team are ultra cautious and that leads to delays. He wants the land transfer tied up with all the finance options firstly not to be exposed and secondly as he would start to incur costs on the land transfer with the commitment to finance the new barracks. He has the extra $1m from the warrants he wanted but made a mistake IMO. 12m extra shares from holders who

[wallywagon]

Matt is a JOKE. He can't get it done. Doesn't care about share price or shareholders. Big ego too and B.S. er - Don't fancy the chap at all. He's got to go. P.O.S. Iron Ore price today $124.02 - He has not taken advantage of the spike in price of the commodity and has not completed any definite agreements in the past 18 months. As I said before, he has done nothing to increase the

[BueBoy]

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

[IRONHANDS]

Feel the same way SFN. Why cant Matt try to fund the entire project with offtake agreements and royalty agreements? It's a significant asset - unlocking some of the present value to fund construction makes sense. Up front money and no debt to carry or further dilution would be a best case scenario. GLTA