BC8

3.37%

46.0¢ black cat syndicate limited

Ann: Thick Shallow Gold Continues at Jones Find, page-51

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Brianw004

52 Posts.

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19/02/22

11:50

Post #: 59677912
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Originally posted by copperroad: ↑

Valuations are a bit unknown just yet as we need to see the final raise numbers, gold price etc. I have a base case around 50-60k ounces pa with approx $1000 margins based on $2500 gold. This goes back to the early report from a broker.
The first mines are solid high grade for quick pay back. They have mills, and most things lined up with finance looking obvious to me. Some of that already sorted according to Gareth. The rest to come. This all helps reduce dilution.
I have also looked and a combination of debt and equity and reckon they maybe able to slam this home with no more than 200m shares on issue. If you run some numbers on all that, we might be able to see $1.50 on stage 1. Stage 2 takes us over 100k ounces pa, so you are looking closer to $3 when everything is running and gold is anywhere near A$2500. These are just envelop numbers and the company will need to supply the near term final studies in march qrt for us to really know. Given where bc8 is and its grade, the stock is very undervalued but the market is waiting for the obvious and then its all on for the funds once they see a clear run to production locked in. I am buying on weakness around here because i think it will get done with this team and i cant pick the bottom. We probably wont get shares in the placement anyway. I dont think it matters if i pay 60c when things start coming together on the ground. These are my own thoughts for some time and the announcements suggest everything is on course. Covid slowed everyone down, but that log jam will clear over time. I am grateful they had the foresight to buy a lot of the equipment. That has also saved us real time and real money. It will take some more time and the markets will be all over the place, and that is why i have just bought and hold. dyor

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Been waiting for the next raise to buy more. I think you are correct that we may not get a chance to participate in the raise.

Chances are if I wait, once the raise is in the SP will move north.

If the gold price and the market holds up...... happy days for BC8 holders.

BC8 Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 46.0¢		Change 0.015(3.37%)		Mkt cap ! $204.0M

Open	High	Low	Value	Volume
44.5¢	46.5¢	43.5¢	$1.212M	2.694M

Buyers (Bids)

No.	Vol.	Price($)
2	142824	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	6900	1

View Market Depth

No.	Vol.	Price($)
1	139312	0.460
1	20000	0.455
4	212000	0.450
1	5000	0.445
3	101699	0.440

Price($)	Vol.	No.
0.470	6900	1
0.490	21000	4
0.495	20000	1
0.500	52400	4
0.510	16360	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

BC8 (ASX) Chart

Ann: Thick Shallow Gold Continues at Jones Find, page-51

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Ann: Thick Shallow Gold Continues at Jones Find, page-51

Top Stories

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Sellers (Offers)

Featured News