BC8 2.78% 35.0¢ black cat syndicate limited

Ann: Quarterly Activities Report and Appendix 5B, page-2

  1. 3,091 Posts.
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    Steady and consistent in the messaging. The thing that most interested me is the spend rate. They only spent $550k on people yet are managing to advance a number of fronts and ticking the required govt boxes, and then 1.6mil on property and plant and 3.5mil on drilling. So of the spend only 10% is on people - and those people look like they are pushing ahead on a number of fronts and then the rest is going straight into the ground via the drill-bit or into buying / reconditioning the required mill assets.

    The drill bit looks like it will officially show its value next quarter when some of the resource numbers are updated and published.

 
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