Hi @copperroad Thanks for that excellent wrap of the situation Black Cat finds themselves in. Now cashed up to cash flow.
And remember CASH IS KING.
The option of pay back by warrants based on share price at the time almost certainly means (at present value) this cash is free to the Company.
But lets now look at the POG - here is a monthly chart in AUD for the last 10 years. I feel confident that gold is a hedge against the possible woes in the market short term, and therefore liable to continue to its upside.
Ann: Paulsens Gold Operation - Refurbishment Update, page-17
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Last
38.5¢ |
Change
0.020(5.48%) |
Mkt cap ! $170.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.5¢ | 35.5¢ | $675.3K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37469 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 108730 | 2 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |