BC8 3.39% 30.5¢ black cat syndicate limited

Ann: $60m Funding Package to Drive Black Cats Vision, page-113

  1. 12,022 Posts.
    lightbulb Created with Sketch. 3143

    That depends. Major shareholders should not tell management what to do. Particularly if you are not a gold miner yourself. You buy a chunk of stock for a reason. It is about making money. Blackrock can own large chunks of stocks in endless companies. It is not their job or intention to run them. Buffett is the same. There is a relationship build up over time. If you want serious input, then you normally come from a similar background. These guys are hand off investors in that regard with no board seat. It actually tells us a lot about the trust and strength of the relationship. BC8 management have built mid tier gold companies before and have an excellent reputation. I have personally delt with Chinese investors and companies. It takes time, but once you have that relationship, it is extremely strong. You can pick up the phone any time of course. You are also in escrow for 3 years. They clearly are not there for a flip.
 
watchlist Created with Sketch. Add BC8 (ASX) to my watchlist
(20min delay)
Last
30.5¢
Change
0.010(3.39%)
Mkt cap ! $115.2M
Open High Low Value Volume
30.0¢ 32.0¢ 30.0¢ $289.1K 934.1K

Buyers (Bids)

No. Vol. Price($)
4 44359 30.5¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 1 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
BC8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.