BCN will by Christmas have about $10.4m in profits in the bank.
They owe $18m + 12% in debentures
They have $17m in losses carried forward
By my simple calcs they will have $11m in profits with no debt by June 2020 (no tax to pay on that $11m and another $6m in losses to carry forward in 2021 FY)
This does not include the $8m they just raised for exploration and aquisitions
Will they find more gold? I would put money on it, and I have in buying their shares and holding for over a year now.
BCN seriously undervalued, page-4
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $31.68K | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1409802 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 2207463 | 7 |
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| Last trade - 15.36pm 06/09/2024 (20 minute delay) ? |
| BCN (ASX) Chart |