BC8 0.00% 36.5¢ black cat syndicate limited

Ann: Trading Halt, page-18

  1. 10,539 Posts.
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    I am looking forward to good positive news with the ann of this CR - IMO the SP of BC8 has suffered from the deal with the Chinese interests.

    Too many times have I seen China defaulting on agreed terms in order to get a better deal - so lets hope that is now behind us, one way or the other.

    IMO the best way to finance the mine would be pre-sale of off-take and/or sale of an off-take agreement (gold will be scarce for the foreseeable future)
    Or sale of a royalty agreement - which would be a valuable asset for a fund.

    Anyway IMO the new deal is struck, and Tuesday's ann is just advice to SHs. Maybe, just maybe there is a SPP included (as with BUX's CR where its cornerstone SH advanced to 19% holding and all SHs got SPP up to $30,000.)

    Participation in CRs is the best way to avoid dilution, debt finance actually is dilution to, but of future profits.

    Great News.
 
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