BCN
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4.35% 2.4¢ beacon minerals limited

BCN will by Christmas have about $10.4m in profits in the...

  1. cosmo71
    95 Posts.
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    16/09/19
    09:20
    Post #: 40431953
    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 Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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