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2.67%

36.5¢ black cat syndicate limited

Ann: Trading Halt, page-34

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densamer

2,721 Posts.

934

28/05/20

15:00

Post #: 44896711
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Originally posted by Oscar1212: ↑

Most overvalued gold stock in the Yilgarn. Small 292koz resource admittedly at good grade, but defiantly not worth their 41 million market cap. Do some research

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Originally posted by densamer: ↑

I think you'll find the key difference is its top shelf management. The evidence of this includes the chairman's address 2019, steady share price increases, solid capital raises with low SOI, regular updates and activity with growing resource definition and organised cross-trades (so no dumping by large shareholders).

If you can't discern excellent management qualities and capital structure, then you will end up only investing in JORC numbers. I've held shares in some companies with seemingly great resources but they still fail, for whatever reason, to deliver value to shareholders. It then becomes self-fulfilling, where if they can't deliver share price improvements they end up diluting value for shareholders over time and you end up disgruntled holding the bag. It's the reason why some of the best investors invest in people before assets.

They still have a lot of ground to explore so I expect resources to grow.

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See what I mean.

BC8 Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 36.5¢		Change -0.010(2.67%)		Mkt cap ! $166.3M

Open	High	Low	Value	Volume
37.8¢	38.0¢	36.5¢	$485.0K	1.295M

Buyers (Bids)

No.	Vol.	Price($)
1	35000	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	13000	1

View Market Depth

No.	Vol.	Price($)
1	87755	0.365
6	79740	0.360
6	54368	0.355
9	158907	0.350
5	37393	0.345

Price($)	Vol.	No.
0.355	13000	1
0.385	44345	3
0.390	71106	2
0.395	145412	4
0.400	138541	4

Last trade - 15.59pm 18/09/2024 (20 minute delay)

BC8 (ASX) Chart