BC8 3.26% 47.5¢ black cat syndicate limited

Ann: Successful Capital Raising to Restart Paulsens, page-39

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  1. 12,284 Posts.
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    Interesting night in gold. The short side has been waiting for an opportunity and took it. The Aussie dollar also fell back. There are some hot money hedge funds in gold of course. A$ gold still sitting at A$3484. Anywhere over A$3000 is a strong price for BC8 funded with this grade. Good to be funded. This is still nearly $1000 above the first study numbers. We don't have to deal with ongoing volatile sentiment whilst raising money now. Sticky inflation needs more time and illegal immigration is helping prop up growth. The big question is debt to me, the US continues to rack it up like candy. I suspect last night was overdone. Today's gold price is not as important as what it will be during production. I will post any broker updates or notes I can find as we move forward. Fun times. Dyor
 
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