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7.14%

32.5¢ black cat syndicate limited

Yep sounds about right. Im guessing thats what they figured and...

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Joebear

2,045 Posts.

124

19/03/24

13:56

Post #: 72960576
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Originally posted by speculator101: ↑

Hi Joe,
a quick look at the cashflow report from the Q, shows me that if they don't get quick access to the extra $6m in May, they will literally run out of money.
$4.5m burn this quarter, from $8m, leaves $3.5 for the June Q.
Approx $1.5m per month, so.... after May they will be on fumes.
Sure, the funding once secured should see BC8 funded, but, seems very precarious to me (though if I am being fair, they are trying to deal with the FIB).

Once BC8 is fully funded and diluted, at $0.22, the market cap will sit around $110m. With $15m in debt and... hard to tell how much cash before they actually turn the plant on. Seems about right considering the risks still to be faced with pre-production, ramp-up/commissioning, which lets be honest, has been far from smooth for most developers.

Good luck to all patient holders.

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Yep sounds about right. Im guessing thats what they figured and realised they would need cash in May.

BC8 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.5¢		Change -0.025(7.14%)		Mkt cap ! $100.2M

Open	High	Low	Value	Volume
35.0¢	35.0¢	31.0¢	$308.2K	944.5K

Buyers (Bids)

No.	Vol.	Price($)
7	119724	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	40486	2

View Market Depth

No.	Vol.	Price($)
6	117724	0.320
2	110000	0.315
5	104664	0.310
4	36500	0.305
9	143699	0.300

Price($)	Vol.	No.
0.325	40486	2
0.330	133000	4
0.340	45999	3
0.345	105000	2
0.350	274563	7

Last trade - 14.02pm 21/05/2024 (20 minute delay)


Last 32.0¢			Change -0.025 ( 6.60 %)
Open	High		Low	Volume
34.5¢	34.5¢		31.5¢	341859
Last updated 14.35pm 21/05/2024 ?

BC8 (ASX) Chart