BC8 5.56% 38.0¢ black cat syndicate limited

Ann: Quarterly Activities Report and Appendix 5B, page-26

  1. 12,066 Posts.
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    Bc8 has been dealing with a seller since the placement. That selling has been less aggressive recently but absorbed a lot of our good news that should have had the stock a lot higher. The stock seems to have found support. Wondering if that crossing was part or the balance of the seller. It was slightly above market. The stocks action will tell us soon enough and they just spent time at Diggers. Once the market senses this plonker is done, it should pop back to high 60’s quickly. If this is timed with some good news, it might do better.
    looking forward to getting some holes in those big copper targets. Adds some spice. The discovery of those targets prove yet again, the quality of the ground.
    Their ability to successfully home in on targets and make discoveries have been extremely high with 4 new gold bearing areas already coming in. Lots of follow up drilling for those.
    We now have 2 seperate price targets over $1 on a base case. That is super conservative start but they will lift those as time moves on imo. That is 65% higher than where it is now. My numbers are closer to $1.50 on stage one fully diluted and at least $3 fully funded on stage 2. This is a very low capex play. That doesn’t allow for new discoveries or ongoing resource expansion. Bc8 won’t be running out of gold for years. She’s a sleeper.
 
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Last
38.0¢
Change
0.020(5.56%)
Mkt cap ! $136.0M
Open High Low Value Volume
37.0¢ 38.0¢ 37.0¢ $245.3K 654.0K

Buyers (Bids)

No. Vol. Price($)
4 59581 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 70000 2
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Last trade - 10.15am 17/07/2024 (20 minute delay) ?
BC8 (ASX) Chart
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