BCN 0.00% 2.6¢ beacon minerals limited

Ann: Jaurdi Gold Project Update, page-12

  1. 214 Posts.
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    It’s not about news releases or presentations if there is No Feasibility study as I can see , I struggle with the idea of them building a mine without the numbers .
    Therefore this becomes a finger in the air investment , in turn this certainly isn’t an investment for me
    I mean the management can make up as they go along without an industry standard DFS , hence they will only ever be able to place new shares at hefty discounts rather than debt funding.
    This then becomes little more than a lifestyle company for the directors, in turn very high risk.
    Shame really because it looks like a decent little project.
 
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