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2.3¢ beacon minerals limited

Yes, terribly unprofessional of them to follow the Corporations...

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MetalBee

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17/08/20

16:40

Post #: 46598871
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Originally posted by drpinks: ↑

I reckon it's a load of shit releasing announcements at random times. One announcement comes out just before the market opens, the next after it's been open for a couple of hours, and another just before close. The idea of an announcement is to keep investors informed. How can people act on this information when it could come out at any minute of the day? Unless you are sitting there refreshing the asx page all day you'd never even know they have finally announced something. Unprofessional.

On another note, still very vague about their intentions to repay the debentures. Are they going to make a decision on the 30th September about what they will do?

There also seems to be some accounting errors going on;
30/06/20 $15.36 million + 1501 oz on hand
29/07/20 $16.9 million + 669 oz
31/07/20 $16.3 million + 734 oz

Firstly, how have they managed to spend $600,000 dollars in 2 days between 29-31/07?

But of most concern, if 2222 oz were sold at an average of $2509/oz and cash costs inc. royalties (assumed same as June quarter) are $1132/oz then there was $3.06 million made from those ounces in July. This figure would actually be higher as ounces on hand end of June are more than ounces on hand end of July, so they would of made more cash from gold that they had already paid production costs for the previous month.

There should therefore be at least $18.42 million on the 31/07/20. (Less a little for interest on debentures).

Where has the $2.12 million gone?

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Yes, terribly unprofessional of them to follow the Corporations Act 2001 (cth)...
Last edited by MetalBee: 17/08/20

BCN Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $86.40M

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Yes, terribly unprofessional of them to follow the Corporations...

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