BC8 2.60% 37.5¢ black cat syndicate limited

Ann: Bulong Resource Jumps by 21% to 294,000oz, page-31

  1. 12,244 Posts.
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    As you guys know, Shares don't just go up because we buy them. Some may sell because they had an unrealistic time expectation and then they sell and move on. The stock has been a solid performer during a melted market. The silly light volume sell off was meet with a doubling from that low back to slightly above what it was pre the market melt down. Not many stocks have done that and many may never do that again. There seems to be increased volume and a supported stock price. BC8 was one of those value stocks people bought on the dip and that is a good sign. I also think it is in the right space given the ongoing fiscal mess.
    I guess we can be thankful for that during the worst meltdown since 1946. It is far from over regardless of the usual talking heads in the press.

    Lets not forget why we own the stock.
    BC8 does not need money, proven constructive management team who have build mines like Silver Lakes, they also participate in all the placements, are large shareholders, no sovereign risk, own 100% of the leases, has an existing mining lease, supportive brokers, are working towards closing off the Fes study, has a supportive register, exploration upside, great location, high grade, open pit, close to Kalgoolie, cheap drilling, surrounding mills, low opex and capex expected, all ore bodies remain open along strike and at depth.
    Looks ok to me and hence why i have bought some more on the pull back and kept my core position. Good luck all. dyor.
 
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Last
37.5¢
Change
-0.010(2.60%)
Mkt cap ! $166.3M
Open High Low Value Volume
38.0¢ 38.8¢ 37.5¢ $484.1K 1.271M

Buyers (Bids)

No. Vol. Price($)
3 308317 37.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 95843 2
View Market Depth
Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
BC8 (ASX) Chart
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