Looks like the stock has broken through the flippers selling - uninformed investors who were happy to take a few cents & the tax credits but will likely leave a lot on the table.
The pending 15,000m drilling at Fingals has got a very good chance of re-rating the stock significantly because there are walk-up targets with good historic hits e.g. 9m at 6g/t which have not had any exploration since the 90's when gold was <$500.
Furthermore the ground is well known to management, who are ex SLR guys & an endorsement of its quality is the stake SLR have now taken in BC8.
I've been scouring the list of ASX exploration companies & this seems to me one of the best picks when considerations like market cap, management quality, location & ground are taken into account.
So far only one broker covers the stock (Shaw) but that will change with a 1moz resource & a mkt cap above $100m. More coverage will further re-rate the stock.
Strap yourself in & enjoy the ride.
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- Ann: Fingals Drilling Program Approved for September 2020 Quarter
Ann: Fingals Drilling Program Approved for September 2020 Quarter, page-5
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Last
54.5¢ |
Change
-0.015(2.68%) |
Mkt cap ! $297.5M |
Open | High | Low | Value | Volume |
56.0¢ | 56.0¢ | 54.0¢ | $2.493M | 4.538M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 167 | 54.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 3421 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 167 | 0.545 |
27 | 537186 | 0.540 |
8 | 259483 | 0.535 |
12 | 320351 | 0.530 |
11 | 210214 | 0.525 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 3421 | 3 |
0.560 | 31799 | 6 |
0.565 | 21119 | 4 |
0.570 | 9200 | 1 |
0.575 | 120000 | 2 |
Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
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BC8 (ASX) Chart |