BC8 5.08% 28.0¢ black cat syndicate limited

Anyone else who makes a discovery out near Coyote might either...

  1. 12,007 Posts.
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    Anyone else who makes a discovery out near Coyote might either end up toll treating through Bc8 or being bought out as an isolated asset. This has been the case around Kal East for some time. This will be the case for all these mills. It is part of Bc8’s business plan. I don’t think people see this at the moment. It’s another reason why these assets won’t be running out of gold for many years. Bc8 has 10 bagged their land holding around Kal East. It’s not just moose pasture either. They have real open resources , permits and undrilled targets across each land package. The replacement price for Bc8’s asset base is a multiple of the current price. The company has access to cash and soon it might have access to real cash flow.
    Mr market has been off chasing cars and not watching what is going on outside the super hot sectors.
    As a mega famous investor once said, ‘if you do the opposite of the stock market heard, you are likely to make a fortune’.
    ‘The current crypto unwind and super hot tech stocks might just be the start of a broader unwind now. This is probably a dead cat for those assets. People sell everything and buy the dollar is also unsustainable. Meanwhile, good old Bc8 just keeps stacking away the goodies for winter. If a tech company is capped at a billion dollars and has zero revenues due for the next 4 years, then it’s obvious that won’t end well. This is a hard asset without the markets attention and it’s been that way for some time. It’s boring at times and frustrating not to receive a fair valuation but I don’t see that lasting. Bc8 is trading like it won’t make money for many years. The management have different ideas and have the track record to prove it. If we didn’t have the WA hard lock down, we may have already been close to production and a larger resource through drilling. The golds there now and it’s not going anywhere. She gets bigger with every hole. Dyor
 
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Last
28.0¢
Change
-0.015(5.08%)
Mkt cap ! $105.8M
Open High Low Value Volume
29.5¢ 29.5¢ 28.0¢ $171.7K 600.0K

Buyers (Bids)

No. Vol. Price($)
13 519079 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.5¢ 16000 1
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
BC8 (ASX) Chart
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