Was surprised to see sp unmoved by positive announcement.
They are up and running, cashflow positive and profitable with plenty of opportunity to grow resources and mine life.
Other juniors have also struggled lately along with majors NCM, NST and EVN. Seems most of the money last week went into mid tiers like SAR, SLR and WGX etc
Maybe just some risk aversion which could change next week with gold moving even higher overnight?
If gold remains over $1500 next week I think investors will be encouraged again to invest more in the juniors which may benefit BCN.
Either way on balance of probabilities BCN should get re rated sooner or later and actually don’t mind if another few days or weeks pass with a lower sp as I’ll happy buy more.
imo dyor
Was surprised to see sp unmoved by positive announcement.They...
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.91M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $13.28K | 531.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 967124 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1061750 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCN (ASX) Chart |