BC8 7.89% 52.5¢ black cat syndicate limited

Here is a key couple of question to consider??? Do you think...

  1. 12,410 Posts.
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    Here is a key couple of question to consider???

    Do you think management can execute and bring the mine into production? Yes or no?
    Yes, means wait and let them do if it. We will be rewarded if they do it.
    No, probably means reduce your holding or sell it.
    Some have already done this. A hard race has a lot of people dropping out. The Chariman said, keep your eye on the donut and not the hole.
    Spending hours looking at the stock is a no no in many cases.
    These guys know how to bring mines online and all the assets are lined up. I am going with yes. Each has to decide. Previous delays were caused by covid. That is not management specific. It was industry wide for a min of 2 years with some ongoing issues for miners. This is why there are only a small handful of emerging gold miners out of hundreds of listings. That tells you the odds. Bc8 still has risk until it’s done. Management raised nearly $60m during covid to operate and buy these assets. Not many sub $100m companies can claim that. Good indication of what the money thinks about these guys and the assets they bought. The funds that have stuck this out will sprint ahead of the pack and will mop this up when they know it’s time. You watch the sellers disappear at the same time.

    Another key question.
    Forget the gold price, can they produce gold and make a decent margin?
    Yes, means hold it. No, means sell it down or go.
    No point in having lots of gold with a high gold price if you can’t build a mine or make a margin. The ASX has countless companies like that. They won’t work.

    People think they have time to buy Bc8 and they have been right so far. Things will change when they start to produce or have another outstanding discovery. I think they will do both. Only time will tell.
    If you get really frustrated and emotional about the stock, then your expectations are ahead of the market. They have said what they are going to do, so now it’s a matter of time. Gold could go up or down $200 before they turn this on. The stock could hit a lower price if this ding bay seller is forced to go. A buyer could just as easily turn up.
    unfortunately, we can’t advise you what to do. It’s your call.
    Maybe re-read the announcements and preso’s to refresh why you own it.
    I am averaging in on several more milestones myself.
    Paulsens offset, Paulsens repeat success, and the final raise. I could just wait for the final raise, but everyone will be doing that at the same time.
    I am surprised that the stock is still here , but it tells us more about the seller. They have either given up or have to go. They do not have X-ray vision or some secret insight. Bc8 is actually a very open company to read. It just has more than one asset. Dyor
 
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Last
52.5¢
Change
-0.045(7.89%)
Mkt cap ! $286.6M
Open High Low Value Volume
56.0¢ 56.0¢ 52.0¢ $2.033M 3.793M

Buyers (Bids)

No. Vol. Price($)
9 226183 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
53.5¢ 1 1
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Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
BC8 (ASX) Chart
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