Ann: Black Cat Acquisition Adds 115koz to Fingals Gold Project, page-35

* A handy table - of the major ASX gold companies , debt : capital & equity . ( courtesy , as quoted by Alan Kohler , borrowed into his Eureka Weekend edition report )

I bought more

I worry that manipulation, somehow how the shareprice gets held down .. denotes a probable ?? TO . Entity or entities trying to demoralise holders into selling, although they wouldn’t see it this way. They’re controlling the shareprice. Imo .

I can’t see how anyone would sell understanding just how undervalued Black Cat is , and the real calibre and character of this hardworking and very well - regarded management team .
There really isn’t any doubt that they’ve now got BC8 more into being a phase 2 mining asset here . Black cat management have the experience and the skills to grow the company and even to go into mining .

However-
They , BC8 , will most likely be taken over .
Holders, myself included, just hope that BC8 can grow the resources significantly more first .
Silverlake or the new Northern Star behemoth , or other —likely have an eye that this is being grown for ‘them ‘ .
(whoever it might ultimately be - SLR clearly already are a substantial partner and have all the prior relationship with this management team . )
Silverlake also likely have the free capital available to take Black Cat out if they decided to .

I cannot understand this shareprice level at all .
So , it must be being ‘held ‘ - in all logic .
Patience it seems , further required .
HOLD - and Buy if possible . This is my opinion !!