Beacons financials are fishier than a super size can of sardines from Costco.
How in the first two years were we able to at 1g per tonne coarse gold at $1600 AUD pay back debentures and issue 3x dividends and now we are struggling despite capital purchases of machinery dozers hail trucks etc vs hired. Oil price has not increased, wages up maybe 30%.
Exploration seems to have been extremely conservative, I get the water than average season but gold prices should be giving us supernormal profits here we keep saying these guys can make any mine profitable.. seems like it's only when it suits them looking more and more like the "cowboys" rep was justified I guess loyal shareholders will be living without dividends now and coping with anaemic SP.. should of just stuck with physical it can betray me like ASX pirates everywhere
BCN Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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