BCN 0.00% 2.6¢ beacon minerals limited

the previous statement about mining Jaurdi and not acquiring new...

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    the previous statement about mining Jaurdi and not acquiring new ounces... really?...so what happens the share price when the ounces are mined and you have an unfed mill? the comments are getting more rediculous by the week

    most of our share price issues lie in a few places, which we have all discussed before here
    1) consolidation post entering production
    2) failure to materialize significant upside to resources in exploration... i.e an elephant, or at least some signficant grade deposits
    3) XGD consolidation the dominatnt factor
    4) XGD/XAUAUD ratio is at one of its lowest points in history
    5) momentum killing accumulation tactics from a major holder
    6) SOI

    that sounds negative however we have gone from a start up digging up a bit of dirt in Lake Barlee and toll treating it to
    owning our own mining plant
    owning an expanding fleet
    owning more exploration territory
    increasing LOM to 10 years +
    starting highly prospective greenfields exploration in TE
    stake in MXR polymetalic exposure including 300k oz gold. if it goes up we make money, if it goes down we buy it out for the ounces

    yes its not fairly valued in our share price, its a waiting game, waiting for the market conditions to drive small caps higher.
    yes there are things that could be done to improve the share price
    (1) a buyback out of the divvy budget to change share price momentum, also acts as a consolidation to a small extent
    (2) consolidate... just get it done... i personally dont think it will do squat for us in either direction.. but its one less thing to complain about.. its window dressing
    (3) Darps suggestion of a US listing is good + perhaps promoting over there on top of it... if you got someone like Crescat or Sprott to be interested in our copper exploration.. that in itself could be enough to attract a plethora of retail investors who watch what the likes of them do, and if they have US access to the shares rather than a deterrent of complexity in buying overseas markets for them
    (4) an update of the mining plan and resource estimate is definitely needed, it will come in due course, im not getting my knickers in a twist over the exact date of this happening.. it will be ready when its ready.
    (4b) clarity around forward guidance on production, given we will be toll treating GeodaLamerton ounces.. goes hand in hand with the mining plan

    the rest of it is out of our hands,,, gold will go much higher.. whether we have a summer doldrum period or not ... its highly likely to stay above USD2150 even if it consolidates for a few months. Oil, good chance of oil softening once US elections are out of the way as fake economic data is revised downwards and possibly even admitting recession in the unsubsidised parts of the economy, so maybe the industrial metals and oil are having a false start here and the next major wave of inflation might not really get going until later in 2025 or even 2026.
    AUD is in a downtrend for over a decade now, we need that to break to get capital flows into Australia, that will rectify the miner to gold ratio

    bottom line is, we are unloved, we remain extremely good value as a buy. one day we will be loved and everyone euphoric.. that will be the time to take profits
 
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