BC8 0.69% 36.3¢ black cat syndicate limited

Ann: Processing Facility Refurbishment Underway, page-13

  1. 12,191 Posts.
    lightbulb Created with Sketch. 3206
    The news is price-sensitive. These are milestone events. This is why the money was raised. The company is showing everyone just how quickly this is coming together. The market does its own thing. A lot of the news is telegraphed at the moment. The wild card has more to do with drilling. You simply don't know what that brings until you get the assays. Most companies lack news, projects, or money. BC8 has a lot going on. The news of restarting each project, updated studies, and funding updates can all impact the stock. The market has just come off the end of tax year. The market is a little subdued imo. The market also knows that tranche 2 is coming. It's less likely to scream into the 40's until that is concluded and flippers finish doing whatever they do. I personally think BC8 can start to re-rate when that is done, debt is locked, gold starts moving again and we get close to production. It will really move when people see just how much cash this can spit out. It's a buy the dips and hold for a much better outcome down the track imo. Each to his own. Stocks dont always respond to news the way you would expect. dyor
 
watchlist Created with Sketch. Add BC8 (ASX) to my watchlist
(20min delay)
Last
36.3¢
Change
0.003(0.69%)
Mkt cap ! $159.5M
Open High Low Value Volume
36.0¢ 36.3¢ 36.0¢ $61.07K 169.6K

Buyers (Bids)

No. Vol. Price($)
15 309165 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 97237 4
View Market Depth
Last trade - 11.53am 23/08/2024 (20 minute delay) ?
BC8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.