BCN 0.00% 2.7¢ beacon minerals limited

i'm not sure why the conversation has got so heated here folks,...

  1. 5,909 Posts.
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    i'm not sure why the conversation has got so heated here folks, there is a split in opinion on the merit of the hedge.. and its ok to have differing views, but its all getting quite vitriolic.. and us versus them kind of conversation. we are all on the same side, we all believe in this company... questioning one managemnet decision doesnt suddenly mean people are suddenly some arch enemy of the company or its future prospects


    Short term PoG looks ot be hitting resistance maybe the 50% retrace to just below 1880 is still in play?.. but on medium long term.. its a buy the dip oportunity if it does happen. could break 1950 and run.. but i get the feeling its going to work this area a little more
    https://hotcopper.com.au/data/attachments/4182/4182973-8c4e0878e6822c6543a6e4d81507ab2c.jpg
    Medium Term term (2 years): cup; and handle forming
    https://hotcopper.com.au/data/attachments/4182/4182982-9d7b739e3649192aed3b9e0c6e5be3df.jpg
    Long Term (since 2011): cup and handle (already formed)
    https://hotcopper.com.au/data/attachments/4183/4183004-95e25ff389f20163fade7b4a69fb1960.jpg

    I added more yesterday at 3.5c.. just because i disagree with one management descision doesnt mean i suddenly hate the company and want to sell it... im sorry i didnt add more in the low 3's .. if we dont get a div ann in the next week or so.. it means they have found better use of capital. which is great.
 
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