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2.27%

2.3¢ beacon minerals limited

Ann: Beacon Acquires Lady Ida Project, page-17

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Newbie22

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24/03/23

22:49

Post #: 66952606
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Originally posted by speculator101: ↑

A bold acquisition, but a good one as above all, it increases the grade by almost 20-40% (assuming they can perhaps truck 200-300k p.a). A huge benefit for a small plant. I can only assume that until recently, the asset was not for sale....?

As otherwise, why the heck did BCN pay out all those dividends, to then take up very expensive debt....

I am surprised that no-one has mentioned this yet.

If they can get ore into the plant before years end, then BCN is going to be a very different company.
They have added 300k with perhaps, 100k of reserves. That is a big deal.

The price is very reasonable considering the price of gold just hit $3000. $43 an ounce seems very cheap when they can basically start mining it this year.

Anyway, good luck to all holders. BCN is an interesting little miner that is bucking the trend and actually staying profitable.

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The asset was being fought over in court, so it wasn't for sale.

BCN Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(2.27%)		Mkt cap ! $84.52M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.3¢	$10.09K	448.8K

Buyers (Bids)

No.	Vol.	Price($)
6	3515885	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	694120	4

View Market Depth

No.	Vol.	Price($)
6	3515885	0.022
11	2474353	0.021
5	3591841	0.020
2	46368	0.019
2	188000	0.018

Price($)	Vol.	No.
0.023	694120	4
0.024	2196666	6
0.025	1441945	3
0.026	2657608	5
0.027	83333	1

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