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2.6¢ beacon minerals limited

what needs to occur for this to appreciate in value, page-33

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MetalBee

1,095 Posts.

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12/11/20

12:53

Post #: 48825434
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Originally posted by madinr: ↑

"Why did those 2 directors depart? They don't endorse the BHAG maybe??"

On the contrary, I would suggest that it was G. Greenhill and G. McGarry who were not in favour of the BHAG. The exit of the two directors reminds me of the old bull/young bull classic. The young bulls wanted to go and chase gold fluff over the fence and blow the dividend pay out in the process.
The old bulls wanted to wander quietly down the Jaurdi paddock and extract the last ounce of gold and pay annual dividends. I think the old bulls might have won the day. As a result don't expect the share price to change much as it will be steady as we go for the foreseeable future, with dividends thrown in of course.
I'm sure the young bulls will show up somewhere, maybe Timor-Leste?

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Interesting speculative opposing views, but your contention is a bit flawed: if the old bulls didn't want the BHAG they would not have published it at the AGM. True?

BCN Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $97.67M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.5¢	$55.65K	2.217M

Buyers (Bids)

No.	Vol.	Price($)
2	562365	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	229630	2

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No.	Vol.	Price($)
2	562365	0.025
7	1225800	0.024
4	763579	0.023
3	1140000	0.022
3	299000	0.021

Price($)	Vol.	No.
0.026	229630	2
0.027	841208	3
0.028	10007869	7
0.029	3785433	9
0.030	6373835	14

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