Black Iron no longer has ESM shares as of 31.3.2019Excerpt from MD&A BKI from May 7, 2019 for the first quarter as of March 31, 2019:
During the three months ended March 31, 2019, the Company sold $ 1,440,140 Euro Sun shares for total proceeds of $ 448,136 ... The Company did not hold any Euro Sun shares at March 31, 2019.
At least one person responsible for the further drastic fall in prices in the first quarter of 2019 is now known: BKI/Paul Bozoki. The average selling price was CAD 0.31! It is clear that BKI needed money. But in March / April 2019 BKI also carried out a "successful" financing.
BKI was one of the F&M companies that ESM refinanced in 2016. CFO Paul Bozoki is responsible for finances at ESM and BKI. For me there are for these transactions - resp. for the sales - just one reason: BKI and therefore also F&M no longer believe in the project Rovina! The proof was delivered to SEDAR on April 1, 2019 with the Rovina PEA Technical Report.
I am convinced that without the initiative of peterhuber91 to found the Transatlantic Investor Group it would not have been possible to exit this investment at acceptable rates. Only the legal and media pressure of the group has ESM resp. Forbes & Manhad been tempted to order and finance the Pusher Reports (MD&A ESM may be interesting in this regard).
Each of the investor groups and every interested member of the forums had the opportunity to quit at fair prices - sometimes higher than peterhuber91. I have to state that the behavior of the members at wallstreet-online (and also at the Goldseiten-Forum) was fair and correct at all times. The situation is different for some of the members of the investment group and / or members of Stockhouse. The personal attacks on peterhuber91 were misplaced and absolutely disproportionate.
I still believe - based on the calculations of the Technical Report of 1 April 2019 - that the fair price for ESM / Rovina is between CAD 0.20 and CAD 0.30. This at the currently valid gold price of US $ 1'285 / oz.
With the commitment to Black Iron (BKI still holds warrants from), I will follow the whole development of Forbes & Manhattan companies very closely and express myself constructively / critically in an appropriate form if necessary.
Stan Bharti should to know: We're wachtching you!
urai58