Making a move on gold assets in the current environment is some move IMHO. I had Perseus recommended to me some months ago at 55c only to see it fall to 22c and reveal that their cash cost is A$1250. You would need to be confident of a strong gold price and if the US continues tapering, that aint gonna happen. Look and Newcrest etc
If you want to play gold, buy some and put it under the bed, don't be subject to the vagaries of a company trying to dig it out of the ground with all that operational and managerial risk when they are, after all, a play on the price of gold. All major prodcers' SP's track the price of gold so why bother, just buy the metal.
If Morgan continues his prudent dividend payouts there will be sufficient kitty to make an appropriate move.
He says they are looking so I am sure they are. They say they will only spend if it creates value so I am prepared to back him on that.
Mind you Tildesley, CDG do look cheap and it could even be a friendly if they did it right.
- Forums
- ASX - By Stock
- BCI
- morgan ball
morgan ball , page-2
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
(20min delay)
|
|||||
Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $894.2M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 30.0¢ | $232.4K | 756.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 89986 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 4996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 89986 | 0.305 |
10 | 173459 | 0.300 |
8 | 112157 | 0.295 |
14 | 242249 | 0.290 |
13 | 134389 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 4996 | 1 |
0.315 | 277023 | 8 |
0.320 | 823774 | 14 |
0.325 | 95000 | 3 |
0.330 | 33441 | 3 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online