Email from MD, Graham McGarry on the 6th October:
Fellow Shareholder,
Obviously, shareholders in gold producers and explorers are disappointed with share price performance of BCN and other players in the same game.
Punters focus has been on lithium and to a lesser extent rare earths.
I thought it appropriate to bring to your attention the performance of BCN against other listed ASX shares in the same or similar space.
In my view BCN have performed OK against other players and a table is presented.
Although NST have fallen, the “fall” is lower than the listed remainder possibly buoyed by dividends and a buy back.
We are conscious of the key ingredients (dividends and share buyback)!
Below is a summary of “news flow” over the next 6 months and relevant comments by Far East Capital.
I believe BCN is now in a strong position.
- Established stable cash flow business
- Debt free apart from machinery finance
- Has paid dividends
- Pays income tax and is able to pay fully franked dividends
- Salaries are not excessive and it is not a life style company
News Flow 23/24
- October 31st production and quarterly reports lodged
- November 5th Peter Stachan report (no recommendation) on web site
- November 16th presentation Down the Track Forum Kalgoorlie
- November third week Decision by Timor Leste Government on tenders for 2 areas totalling 6 concessions (+250sqkms of ground prospective for copper)
- November 23rd presentation RIU conference Perth
- November 27th BCBN AGM Perth
- January 2024 Lodge production and quarterly reports
- March 28th presentation Argonaut Singapore conference with a focus on copper if TL concessions are granted
- Forums
- ASX - By Stock
- Beacon Minerals update from Graham McGarry
Email from MD, Graham McGarry on the 6th October:Fellow...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 868071 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.4¢ | 815122 | 4 |
View Market Depth
No. | Vol. | Price($) |
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10 | 868071 | 0.023 |
15 | 4873447 | 0.022 |
6 | 765047 | 0.021 |
5 | 4976841 | 0.020 |
1 | 30000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 815122 | 4 |
0.025 | 2449445 | 9 |
0.026 | 2336521 | 4 |
0.027 | 125000 | 1 |
0.028 | 3083333 | 2 |
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