BC8 1.41% 35.0¢ black cat syndicate limited

All quiet on the Black Cat front, page-2

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    What’s hot right now?

    The hot sector right now as Bosio sees it is gold.

    And what a time to be getting into gold. Last week the price punched through the $1900 a mark in Aussie dollar terms. That is a nearly 18 per cent swing up since August last year.

    “Given some of the global headwinds — things like what’s happening in Europe with Brexit, what’s happening with the US-China tariffs — we’ve just seen gold really, really strong,” Bosio told *.

    “Some of the guys like Northern Star and Evolution have very, very strong balance sheets, they’re sitting on a lot of cash, have fantastic production profiles.

    “And anyone who is building strong resources and reserves are in the hot seat, because at some point these bigger companies are just going to want to buy to replace their ounces. They’ll just be eyeing these assets.

    Top picks

    Bosio’s top pick isBlack Cat Syndicate (ASX:BC8), which has a market cap of around $14m at a share price of 23c.

    Black Cat made its debut on the ASX in January last year with the help of DJ Carmichael.

    The company has a shallow gold resource in the prospective Bulong region just 20km from WA’s gold mining hub, Kalgoorlie.

    The Bulong region was host to the past-producing high-grade Queen Margaret mine, which was last mined in 1913.

    Bosio said Bulong was once multiple patches of ground owned by different prospectors, but Black Cat came along and stitched up the highly prospective landholding into one big package.

    Black Cat is also headed by Paul Chapman and Les Davis – the founders of successful gold producerSilver Lake Resources (ASX:SLR).

    “We like the management, we like the project, we like the proximity to Kalgoorlie, it just ticks a lot of boxes,” Bosio said.



    Nice one Bosio for spreading the word on what we already know.
    Hold firm, just a matter of time.
    Stock Head article but HC doesn't let the link include full details

    https://unauthorised investment advice/experts/money-talks-this-expert-says-these-gold-stocks-are-where-the-money-is/?
    Last edited by BaltasarG: 13/06/19
 
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