BCN 0.00% 2.3¢ beacon minerals limited

Consolidation needed, page-9

  1. 1,493 Posts.
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    Has anyone contacted management about consolidation?
    When I did 6 months back they said they will address it when meaningful news (acquisition or merge I assume). Also state the below

    https://hotcopper.com.au/data/attachments/4234/4234164-d7db10c423aab91384c4984851d43826.jpg
    Appropriate ways to change the structure is simple.. consolidate. Yes there will be some short term pain for shareholder, but if the company keeps preforming well the SP will adjust according. I still think Aug 2022 is when they will look at it once the next 150m options are exercised or expired. As his is the last dividend before Aug, I do expect some options to expire.

    Overall the company is mining and making money which is boring. Drilling and doing something with the money usually excites investors and can significantly change the value of a company.

    I too have been tempted to sell some BCN, but management have delivered on producing gold and increasing there LOM. I am bullish on gold so BCN is my pick for exposure.

    A few companies are struggling to produce gold or will not be building a mine in WA. This give options for BCN to either step in or takeover.

    DYOR


 
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