IPO - Black Cat Syndicate Limited, page-4

Welcome to the clowder (a group of cats apparently). I was impressed by how quickly they raised the $6mill. I’m also a fan of Keith Goodes work.

The consolidation and modern exploration of old fields companies have done quite well. I’m thinking of DRG and CAI, but also EGA and DCN of course.

With an EV of $5mill @20c, there is plenty of upside If they find something decent. It’s a project rich in history and high grade gold.

The easiest place to find gold is where it has already been found.

Look forward to checking in once we list on the 15th Jan.