BGD

2.88%

25.3¢ barton gold holdings limited

Hey BaltasarG, I value the 2 cents worth. Sadly, HC is rampant...

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GrumpyMonkey

699 Posts.

174

05/04/24

11:38

Post #: 73204207
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Originally posted by BaltasarG: ↑

Hey GM,

I believe they were original share holders well before the company went public. I can't say why they needed to sell but they have been in since the company was private pre listing. I imagine they needed the funds after having them tied up for circa 5 years?

Also if you look at each Annexure A at the end of each substantial holder announcement, it's 1 account with 3 names on that account from what I can see, so technically 3 names but only 1 account selling, a family trust?

The other thing which others have pointed out is that the volumes of new buyers has stepped up and that fits in with the explanation that institutions wanted larger exposure and our daily volumes are increasing and the SP has held up.

For a small cap register we have very high amount of institutional support at a very early stage. That alone says volumes about the positive perception of BGD amongst the more sophisticated end of town.

I specifically asked Alex about this when I called post the placement announcement after we came out of TH. From what I see Alex has played it smart to get us through the next period especially with such an aggressive strategy which costs money and everyone gets upset about CRs but so long as the money is going into the drilling and development and results ensue then that's all one can ask for in the small end of town.

People quickly forget that the rapid rate of expansion on a regional scale has been done at a very cost effective rate of 14 to 15 aud /Oz and we're now looking down the barrel of 2 million ozs as the backdrop of gold is breaking out to new ATHs. Quite a few ozs were added when the company was private also, so we had a head start upon IPO listing.

Also BGD has funded a large bulk of their efforts the last 3 years by non dilutionary means from mill clean outs and selling of the gold, govt grants and excess camp disposal and rentals. That's a lot less dilution which added more Gold ozs.

The larger context is positive and value accretive amd whilst I can't explain why some original holders are selling I can view the larger picture as positive and value adding.

Don't pay too much attention to the multiple aliases of our bitter and twisted neighbour who posts purposeful negative comments. That intent is purely driven out of spite because we won the bid for THE ONLY MILL in the region and surrounding assets and he missed out and he harbours a false sense of entitlement from his spoilt childish demeanour, just havjng a dook as he was bested by Alex and team and his ego is hurt, nothing more than that. Just another sore loser.

The goals that have been kicked and the progress to date are what has me here and I've spoken in depth with management and the team is Tier 1, as are the assets.

Once we digest this last placement, the chart set-up is looking very positive to the upside now that we have cleared the runway for the next 12 months in a massively bullish gold macro space.

Once concensus sees why gold is really running (and it ain't about the Fed and their rates policy as gold disconnected from rates back in late 2022) then the FOMO trade will kick in and things can get really wild.
There is lots of upside left in the PM space and equites haven't begun to catch a bid because consensus is still asleep, which ia fine more explosive catch up coming for equities.

The 3 year consolidation is a massive launching pad as the longer the consolidation the bigger the move.

Just my 2 cents.

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Hey BaltasarG, I value the 2 cents worth. Sadly, HC is rampant with those seeking to vocalise poor opinion, poor facts and at times deluded ideas. But...it is what it is!

Long term holder here and I look forward to see how this plays out in the new gold pricing era.

Cheers
GM

BGD Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 25.3¢		Change -0.008(2.88%)		Mkt cap ! $55.21M

Open	High	Low	Value	Volume
26.0¢	26.0¢	24.0¢	$65.21K	260.4K

Buyers (Bids)

No.	Vol.	Price($)
1	2076	25.0¢

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Price($)	Vol.	No.
26.0¢	76554	4

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No.	Vol.	Price($)
1	20000	0.245
2	57848	0.240
1	30000	0.235
1	21739	0.230
1	25417	0.225

Price($)	Vol.	No.
0.260	76554	4
0.265	159711	2
0.270	8955	1
0.285	31971	2
0.290	5000	1

Last trade - 15.53pm 04/10/2024 (20 minute delay)

BGD (ASX) Chart

Hey BaltasarG, I value the 2 cents worth. Sadly, HC is rampant...

BCI reaches close of funding facility for salt-first part of Mardie project

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Hey BaltasarG, I value the 2 cents worth. Sadly, HC is rampant...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News