BCN 0.00% 2.3¢ beacon minerals limited

Consolidation needed, page-6

  1. 1,100 Posts.
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    0.08% of the market cap traded today (so-far, with just over an hour trading to go), an ex-dividend day, and the stock is down 8.33% vs a 3.47% franked dividend. Not the best optics for a highly profitable company. It is completely understandable why we do not attract a lot of new investors. Even with continuously positive exploration results, the heavy lifting is too much for most.Will I sell? No, I have the benefit of a significantly lower average buy price than the market can capture today, so the dividend yield remains highly attractive to me.Will I buy more? No, the incentive is not there at the moment, as management now run the risk (already are?) stagnant. The market is not excited about the future of BCN, and that largely is because the story has been paused for too long. Wakey, wakey, please Graham.
 
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Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $84.52M
Open High Low Value Volume
2.2¢ 2.3¢ 2.2¢ $1.848K 83.66K

Buyers (Bids)

No. Vol. Price($)
12 4396603 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1029120 5
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Last trade - 14.47pm 03/10/2024 (20 minute delay) ?
BCN (ASX) Chart
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