Unloved gold sector., page-37

First 37 Last

Share
Profile

Follow
LibertyS

1,340 Posts.

388

19/03/23

09:25

Post #: 66843388
Share

Originally posted by copperroad ↑

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

Expand

does anyone know how companies within the gold sector are mitigating risk within the banking system, any company with over 250k on deposit is at risk of losing it if contagion develops… everyone says that Australia’s are among the strongest in the world, but a few months ago politicians where spruking that American banks past all the stress tests with flying colours… based on the fractional reserve system and bail in legislation… no bank is really safe if panic drives a bank run.

BC8 Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

OJC

SPC to merge with Original Juice Co and Nature One Dairy

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 11 more messages in this thread...

First 37 Last

Add BC8 (ASX) to my watchlist

(20min delay)
Last 47.5¢		Change 0.015(3.26%)		Mkt cap ! $210.6M

Open	High	Low	Value	Volume
46.0¢	49.0¢	45.0¢	$686.4K	1.459M

Buyers (Bids)

No.	Vol.	Price($)
2	111962	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	57092	1

View Market Depth

No.	Vol.	Price($)
2	111962	0.470
1	10200	0.465
1	38709	0.460
2	91000	0.450
1	22000	0.445

Price($)	Vol.	No.
0.475	57092	1
0.480	52715	2
0.490	91776	4
0.495	30000	2
0.500	79625	5

Last trade - 16.10pm 02/10/2024 (20 minute delay)

BC8 (ASX) Chart

Unloved gold sector., page-37

SPC to merge with Original Juice Co and Nature One Dairy

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Unloved gold sector., page-37

Top Stories

SPC to merge with Original Juice Co and Nature One Dairy

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News