Black Iron Inc T.BKI

Share Price

[KKlassen]

Does anybody have any insight or opinion on why the share price is lowly drifting sdouth? I had thought that with the news this would be a steady climb..... Thanks in advance.

[LandCruiser1983]

Need Approx $700 mil. for mine const. Now at $450 mil. S.P.  Will drift until more partners found  to fun.  Hold on it will come.

[KKlassen]

Thanks for the insight. I've been with Black Iron for 5 years, I guess a few more months won't hurt....

[wallywagon]

LandCruiser, Matt said in no uncertain terms he needs about another $100 Million from the offtake partner. That will give him approx $575 Million (5% - 15% extra). The ramp up to 8000 Tonnes can be paid for with the profits from the first 4000 Tonnes which he said he would start ramp up quicker if he has the choice! Look at press release from Dec 30. GLTA

[DragonOilGuy]

There are several things that come together.  Many who bought at 5, 10 or 15 cents are taking profits. Others see the price coming back and may want to buy lower. Then there are those who see uncertainty about the future number of shares, the future price of iron ore and the start of construction this year.   And on the other side are those who see BKI at a market cap of $2 or