I am a shareholder in BCN and I hope the predictions of $3000aud...

First 78 Last

Share
Profile

Follow
laverton

282 Posts.

44

10/03/22

14:17

Post #: 60115107
Share

Originally posted by 1for1: ↑

In a high price inflation environment like we are in now, you want to lock in your expenses, not your sales. In the next six months we can expect labour, electricity, petrol AND gold to all go up because central banks are creating more currency as monetised debt and necessarily it means more fiat chasing finite commodities hence the upward price movements across the board.

Really basic economics... in a deflationary environment you lock in sales, and when all good and services are going up to the tune of 10% PA you wait till the last possible moment to sell to maximise sales.

We should be in debt as debt is cheap, and we should be unhedged knowing that all costs are going up moving forward so any expenses will need to be checked by an increased spot price on the gold we sell. Obviously this strong secular bull market in metals has peaks and troughs on the way up but the trend is up..

In conclusion, dont hedge -- if you are a gold bull - you will understand it has continued to go up as paper money has lost its purchasing power.. just never in perfect chronological. correlation.

RE: Hedging for a better sleep at night... i was thinking that managment will get nightmares when Gold goes over $3000 AUD this month.. i dont think shareholders would of hated on the board if they were unhedged and it went back under $2000 as that is what we wanted.. not this.. no SP upside now we lost a huge chunk of Spot gold upside here i wonder how much boring it can get (to limit any new investment!) - i am shopping around for a better goldy now that is unhedged so i can actually get exposure to a miner raking in supernormal profits.

RE: Forward buy petrol - yes this would of been smart.... if you can forward buy electricity, staff etc.. do it.. lol, if anyone is that dumb to forward sell any good or service in a runaway monetary global collapse.

Last thought -- surely our board didnt watch Cramer when he said gold went up due to Russia and they belived it and did a late night hedge bet and lost with a rush of blood? No one thinks gold is up due to Russia invasion do they? If so poor understanding of economics indeed.

Expand

I am a shareholder in BCN and I hope the predictions of $3000aud hurry up because with 30% to 40% unhedged that portion can be sold each month at spot

With the hedging in place 70% of the next 51/2 months revenue is bankable

Incidentally for the key board warriors the price of diesel in March went down for Eastern Goldfields miners

BCN Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

NWH

NRW Holdings voted Wealth Within's hot stock tip

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

There are more pages in this discussion • 35 more messages in this thread...

First 78 Last

Add BCN (ASX) to my watchlist

(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $90.16M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$15.19K	632.2K

Buyers (Bids)

No.	Vol.	Price($)
2	91116	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	1278537	3

View Market Depth

No.	Vol.	Price($)
2	91116	0.024
8	1125211	0.023
4	1765000	0.022
4	849000	0.021
5	905000	0.020

Price($)	Vol.	No.
0.025	1278537	3
0.026	825000	3
0.027	2997462	6
0.028	7772231	4
0.029	2630433	7

Last trade - 15.35pm 30/07/2024 (20 minute delay)

BCN (ASX) Chart

I am a shareholder in BCN and I hope the predictions of $3000aud...

NRW Holdings voted Wealth Within's hot stock tip

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I am a shareholder in BCN and I hope the predictions of $3000aud...

Top Stories

NRW Holdings voted Wealth Within's hot stock tip

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News