BC8 4.70% 55.8¢ black cat syndicate limited

Ann: Fingals Fortune - 4m @ 34.05 g/t Au to End of Hole, page-8

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  1. 6 Posts.
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    The future is looking very bright for BC8. But, I can’t help but wonder whether it’s the tight shareholder register that’s creating a barrier to entry for institutions wanting to take up large positions. The volume of shares traded over the past 4 months is so low, attempting to build a position within this company would be difficult without pushing the share price significantly higher.

    I won’t be surprised if a future capital raise to assist with project financing is seriously over subscribed, as this would be the easiest method to gain a solid holding. This may bode well for little retail holders like me as more demand for these shares will support a higher raising price.

    Food for thought, otherwise I cannot explain why this company is so damn cheap at the moment. DYOR.
 
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Last
55.8¢
Change
-0.028(4.70%)
Mkt cap ! $250.6M
Open High Low Value Volume
57.0¢ 57.5¢ 55.5¢ $852.0K 1.506M

Buyers (Bids)

No. Vol. Price($)
10 347573 55.5¢
 

Sellers (Offers)

Price($) Vol. No.
56.0¢ 125364 12
View Market Depth
Last trade - 11.18am 01/11/2024 (20 minute delay) ?
BC8 (ASX) Chart
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