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57.0¢ black cat syndicate limited

Hey JJ, curious to know if the deal is done, why do they need to...

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Aviza2913

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31/05/24

15:10

Post #: 74105933
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Originally posted by JandJ: ↑

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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Hey JJ, curious to know if the deal is done, why do they need to wait til Tuesday to announce the details? What is holding it up?

Last edited by Aviza2913: 31/05/24

BC8 Price at posting: 34.5¢ Sentiment: None Disclosure: Held
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Last 57.0¢		Change 0.035(6.54%)		Mkt cap ! $311.1M

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