It all comes down to personal entry price. Get in at a low price and you will love these guys. Personally I think they have done a great job. Paid dividends, built a processing plant, bought a lot of dirt thats close to the plant (which is the key for the future) and recently bought a heap of mining equipment. Thats all come from when they entered below 1c. Not sure where the share price will be in a year or 2 time but I'm hoping higher. So are the other holders who just applied for every extra share they could get in this entitlement issue. I only got a very small allotment out of the shortfall I applied for which was disappointing but have a look at what someones paying for the options. There are buys at $0.007. That buyer will need to convert their shares at 3c, then get better than 3.7c to make money. As far as the CEOs pay packet, it's not that high compared to other CEOs and these guys don't go writing themselves millions of free options like 100s of other companies on the ASX do. Fingers crossed they can keep the costs down from here on. That is the only issue from my point of view.
BCN Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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