BCN 0.00% 2.3¢ beacon minerals limited

Got a small packet of heads today.. i just think its ridiculous...

  1. 5,645 Posts.
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    Got a small packet of heads today.. i just think its ridiculous value here.

    Probably the entire materials sector being in a bear market is making all stocks look uber cheap meaning BCN is not able to garner shareholder support the way it would in a more robust market with lots of new shareholder equity piling in..

    This was my first buy on the ASX since Nov 2018 and i used to buy at least once every fortnight.. the truth is nearly everything is going down and this is why no one is buying at the moment.

    I have never purchased options before -- only holding the BCNO as part of the last capital raising. I think this will be my first flurry with actually buying some on market.. surely this is the best option on the ASX atm.. not a lot of risk of these being in the "money"
 
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