Trim
BlackRock Mining (BKT)
*** GENERAL ADVICE ONLY ***
Description
Industry: Mining (Graphite)
Black Rock Mining Limited (BKT) is an Australian based company with an 84% interest in the world-class Mahenge Graphite Project (Mahenge) located in Tanzania
Metrics
Market Cap: $137M
PE: N/A
Yield: N/A
Trade
Allocation: Trim 0.5% Entry: 0.105 Trim: 0.13 Stop: 0.07
Catalyst
The recent Chinese ban on graphite exports from their borders have made ex-China graphite producers very sought after.
We like the long term prospects of the company, however after a 56% rally this month we believe it prudent to trim 1/3 of the position (from 1.5% allocation to 1% allocation)
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.