BCN 13.0% 2.6¢ beacon minerals limited

Ann: Beacon Acquires Interest in the Lady Ida Gold Project, page-79

  1. 6,031 Posts.
    lightbulb Created with Sketch. 611
    i appreciate the intention JK, but i hosestly think any big player buying or selling a significant position would be using algorithms.. at best we would cause a spike of a few pips for a week that would then retreat once the firepower is used up..

    i do however think a buyback scheme would put a continuous flow of upward momentum.. however that may be out teh window for now given how much of recent acquisitions we need to digest plus potentially lower production of our own ounces whenever Lady Ida gets scheduled for processing.

    barring a big discovery in TE or a major change to processed grade at Jaurdi, i dont see a near term catalyst to break above the 3.7c resistance line,
    Then there is the sector factor, when gold pushes higher and holds above 2075, if that triggers a major trend of capital into gold.. it will eventualy wash down to juniors.. big funds if they rotate will start will the majors.. midcaps will follow next and juniors last.. its also highly dependant on our costs not outstripping gold gains in an inflationary environment too

    maybe they could combine a dividend reinvestment plan with a buy back sheme where they undertake to buy back all shares required to cover the DIRP... it would be cashflow neutral while encouraging holders to reinvest .. i dont know if there is an ASIC/ASX acceptaple framework for that type of scenario
 
watchlist Created with Sketch. Add BCN (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.003(13.0%)
Mkt cap ! $97.67M
Open High Low Value Volume
2.4¢ 2.6¢ 2.4¢ $273.1K 10.95M

Buyers (Bids)

No. Vol. Price($)
1 565078 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 2657646 5
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
BCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.