A bold acquisition, but a good one as above all, it increases the grade by almost 20-40% (assuming they can perhaps truck 200-300k p.a). A huge benefit for a small plant. I can only assume that until recently, the asset was not for sale....?
As otherwise, why the heck did BCN pay out all those dividends, to then take up very expensive debt....
I am surprised that no-one has mentioned this yet.
If they can get ore into the plant before years end, then BCN is going to be a very different company.
They have added 300k with perhaps, 100k of reserves. That is a big deal.
The price is very reasonable considering the price of gold just hit $3000. $43 an ounce seems very cheap when they can basically start mining it this year.
Anyway, good luck to all holders. BCN is an interesting little miner that is bucking the trend and actually staying profitable.
- Forums
- ASX - By Stock
- BCN
- Ann: Beacon Acquires Lady Ida Project
Ann: Beacon Acquires Lady Ida Project, page-16
-
-
- There are more pages in this discussion • 90 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 BCN (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.64M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 354617 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 814900 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 164617 | 0.022 |
9 | 1423877 | 0.021 |
8 | 5596841 | 0.020 |
1 | 30000 | 0.019 |
1 | 3000000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 814900 | 4 |
0.024 | 461605 | 4 |
0.025 | 1378537 | 4 |
0.026 | 517036 | 3 |
0.027 | 389382 | 2 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
Featured News
BCN (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online