I would imagine numerous other bidders well before Silverlake. They wont repurchase the same ground for multiples of what they sold it for. Their upside is in their 9% ownership and say a $2 stock price down the track. They then turn $4m into $18m and move on. That is like getting 4-5 times back for what you sold it for while we do all the work. Not a bad deal. All the gloves come off on a major high grade discovery but we are surrounded by producing players who would be more likely. 1m oz at 2.5g/t in Kal is scale enough for the surrounding mills to bite. Its large enough now imo. Management are large shareholders and so are Silverlake so these guys wont be selling it to anyone unless the price is a reflection of the assets. You cant just march out there and replace these assets. It took management 2 years to consolidate the original Bulong leases and the next 2 years to suck up all the other leases. BC8 is the 5th largest land holder around Kal and that package alone is a prize. We could not hope to get this land package today.
- Forums
- ASX - By Stock
- BC8
- Ann: First Results from Fingals Fortune & Deeper Hits at Myhree
Ann: First Results from Fingals Fortune & Deeper Hits at Myhree, page-18
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BC8 (ASX) to my watchlist
|
|||||
Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.1M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 34.0¢ | $355.0K | 1.012M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 95851 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 100983 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 95851 | 0.350 |
3 | 187050 | 0.345 |
3 | 150678 | 0.340 |
1 | 2988 | 0.335 |
3 | 118733 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 100983 | 5 |
0.365 | 43315 | 2 |
0.370 | 109571 | 3 |
0.380 | 236581 | 2 |
0.390 | 100000 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
BC8 (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online