Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-52

First 52 Last

Share
Profile

Follow
Yilgangie

546 Posts.

326

06/12/23

14:24

Post #: 71304202
Share

Originally posted by SaberX: ↑

That's the thing. It's hard to discern how much conflict of interest is apparent or subtly baked into this. Sure there's no acquisition price but with the direct ownership by related parties they are essentially getting a share of 50% of the gold up to the 70k ounces. Then a royalty thereafter. They're pretty much getting a net profit margin on 50% of the gold e.g. 36k ounces without paying any Capex or any other costs that the mill technically cost. Sure they pay the running costs. But I'd argue the alternative would be beacon buying a project and taking 100% of the 70k ounces net margin I e. Less costs.

how much of the mill capacity would they have otherwise been able to use on another project if they paid and bought something? While you take it at face value no one will ever be able to know how fair arms length this is and if there were other options passed in as the directors have a hand in both troughs.

given the market reaction it's clear they aren't hugely positive of this either.

keeo in mind reserves in the initial lady Ida were 100k ounces so your giving away 35k ounces of that straight away. Company bears the drilling and exploration risks also

Expand

I guess the shareholders who bother to vote at the applicable meeting will decide if this deal is in their best interest or not?

BCN Price at posting: 2.7¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 142 more messages in this thread...

First 52 Last

Add BCN (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $86.40M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$47.86K	2.139M

Buyers (Bids)

No.	Vol.	Price($)
10	3084892	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	369112	4

View Market Depth

No.	Vol.	Price($)
10	3084892	0.022
7	795544	0.021
5	4421841	0.020
3	573736	0.019
2	188000	0.018

Price($)	Vol.	No.
0.023	369112	4
0.024	1996666	5
0.025	1441945	3
0.026	2067322	4
0.030	359600	2

Last trade - 15.27pm 27/09/2024 (20 minute delay)

BCN (ASX) Chart

Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-52

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-52

Top Stories

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News