Ah left out something big. The gold miners as a whole have done...

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darp

498 Posts.

170

28/03/24

12:04

Post #: 73101909

Originally posted by darp: ↑
Lots of questions on why Beacon has not taken off. I came here to ask the same question. Looking for flaws like short mine life, or debt or diluting self-serving management. Those do not seem to be the case. Good, but if there are real problems, please point them out.

If there are not any serious issues then Beacon looks good. I have had some for a while, about even on it, and getting a nice dividend.

So will try and answer the question.

1. If they keep making money and making more (should at USD $2200, and I am USA) lack of money in Aus is not a problem. Making money is hard, but getting a good stock price is easy, if nothing else keep buying your own stock, it works. Teledyne did about a 1,000 bagger think it was over 50 years, pioneered buying own stock. Eric Nuttal of Canada has pointed out that some oil stocks can with FCF buy all their stock in 3-4 years, then the last share is worth $1 billion. He is right except stock will soar before that, which is the idea.

2. I see good numbers.
Key Fundamentals
Market cap
62.23M USD
95.17M AUD
Enterprise Value
58.85M USD
89.99M AUD
Intrinsic Value
0.026 USD
0.040 AUD
Price/ IV | P/BV ratio
0.63
1.35
Cash & ST Inv. | Total Debt
14.62M AUD
3.14M AUD
CFO | OE'
36.92M AUD
35.50M AUD
FCF | Uncle Stock score
639.84K USD
84%
Price target | %
0.037 AUD
↗︎44%
Revenue | growth
85.29M AUD
↘︎7.15%
P/S ratio | EV/ Revenue
1.12
1.06
Allen EV/ EBITDA | growth
2.26
↗︎11.31%
EBIT yield | growth
21.91%
↗︎33.34%
IAT | growth
5.78M AUD
↘︎48.60%
Earnings yield | P/E ratio
13.16%
7.60
PEGY
¿
CROIC | CAGR
28.06%
↗︎11.47%
ROCE | CAGR
42.19%
↗︎0.91%
Current Ratio | growth
4.69
↗︎37.58%
Liabilities/ Equity
41.06%
Net Debt/ EBITDA
−0.22
Analyst Reco | EPS rev. %

Gross Dividend | growth
0.0010 AUD
↘︎60.00%
Dividend yield | Payout ratio
4.00%
30.39%
UncleStock

OE Owners earnings is 1/3 mkt cap at 3 P/OE. superb. Why is FCF so low?
ROCE superb!

They doubled rev in the last 3 years or so. Do you folks think they can growth rev and keep good profits going forward? Allen EV/ EBITDA | 2ish, Superb!

In gold rally this should 5 bag. I have lots of 5,10,20 baggers. JMHO all they need to do is do is produce good numbers in the next 2 years and it will 5 bag. Can they do that?

Cheers
Expand
Ah left out something big. The gold miners as a whole have done a bad job of cash flowing for 20 years, even the biggies. This has left many former gold mining investors negative on them. On silver miners even worse, a consistently profitable silver miner is almost non-existent. I have no silver miners, have switched to option diagonals on SLV itself which seems to work a lot better.

So on gold miners have been on the lookout for truly profitable miners that can pay divs and build cash. My main 3 buys in last few weeks are Dundee (mine in Europe profitable and div and new rich veins), I-80 IAUX in Nevada(barely in production but could be 300,000 to 400,000oz in 4 years and have the richest deposits in the world about to be put into production) and today Beacon. Did a 80,000 and 157,000 share buy on BCN today. So as Rick Rule says, this is the biggest disconnect between gold miners and gold ever in his 50 years of investing, and he says part of it is the poor cash flow in the past when gold has gone up, they figure out a way to burn the cash.

But if you can find gold miners that are responsibly managed and profit-oriented, they should do great.

Cheers