Here is my hope on the reverse split. BCN is super anchored. People's minds are anchored to the idea that it is a high .02s stock. That even if gold went to $3500 an ounce or something absurd like that, BCN would still stay in high .02s, oh, that happened. Or even if they drilled a bunch of high-grade, it would still be high .02s, oh, that happened. But if it hit a bunch of high-grade gold holes right at the surface, that surely would break the high .02s mind anchor—no, that happened too.
So with a reverse split, guessing the company, if they want the stock to go up (there is some question about that here), a reverse would break the anchor. If so they need a catalyst too. That could be putting out good Q2 production #s and maybe their cash balance at the same time as the reverse. Those 2 numbers should be way better. Then talk up their wonderful Q2 and big high-grade discovery and Timor.
In terms of a producing gold miner that has ignored the huge gold rally, BCN is #1 that I know of. Anyone know of another producer that has ignored the gold price as much as BCN? Please do post, as I am curious about such stocks. Cheers
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beacon minerals limited
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$1.32

Here is my hope on the reverse split. BCN is super anchored....
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Last
$1.32 |
Change
0.010(0.77%) |
Mkt cap ! $138.9M |
Open | High | Low | Value | Volume |
$1.31 | $1.32 | $1.30 | $54.22K | 41.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 11688 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46 | 1.310 |
1 | 769 | 1.300 |
1 | 403 | 1.290 |
1 | 1614 | 1.280 |
1 | 1260 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 11688 | 2 |
1.320 | 5500 | 2 |
1.330 | 482 | 1 |
1.340 | 6000 | 1 |
1.385 | 570 | 1 |
Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
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BCN (ASX) Chart |