BCN 2.22% 2.2¢ beacon minerals limited

Ann: Update on Acquisition of the Lady Ida Project, page-32

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  1. 97 Posts.
    lightbulb Created with Sketch. 16
    Lots of interesting valid viewpoints.. both pro & con..

    Yes..directors have got us here.. but thats what they get paid to do as employees. (not saying I want to see their timesheets)
    They have benefitted from divies like the rest of us. fair play.

    Yes.. its double dippling by directors... interest + increased share price.. + divies

    If you're mahor shareholders, they would probably vote to "help themselves" with their money and our shareholders profit.

    Its just that they'll be served first.. and we'll be waiting until they decide if everyone gets any divy.. (I fail to see what risk they're taking... they know far better that shareholders whats actually in the ground..and will be paid back first..for sure)

    Also... who knows what the reserves are??? ..that may or may not push the SP.. the directors.. who have historically been conservative.. so this will limit any SP increase..

    I'm hoping the interest is a very small portion of the "Mt IDA should throw off $400M in sales" plough mentioned above.

    So I'm trying to stay optimistic for future announcements .. I trusted the directors for quite a few years now.. another year should either.. reward my patients.. or prove my optimism a fools folly ...I'm hoping for the former.

    DYOR

 
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