BC8 - Black Cat Syndicate

[Telamelo]

Piss poor timing. Could have done it a month or so ago at double the SP. Terrible management and/or timing.

Yep exactly spot on mate "piss poor timing" alright by management - I'm definitely grabbing a few more hopefully closer to 0.20c or lower (finger's crossed).

 

[barney]

Piss poor timing. Could have done it a month or so ago at double the SP. Terrible management and/or timing.

Yep exactly spot on mate "piss poor timing" alright by management -

I agree. Typical "look after the boys" price action before a cap raise. On the flip side, it should do ok after the CR dust settles and the "Sophs" consolidate their bargain purchase by moving the SP north again.

Unfortunately fairly typical Spec management behavior .... I don't hold but frustrating for those who do.

To be fair, it does look pretty undervalued at these levels particularly if the POG keeps ticking higher. Using the "murphy's law" indicator, it will probably be back above 50 cents in 6 months or so

 

[Telamelo]

I agree. Typical "look after the boys" price action before a cap raise. On the flip side, it should do ok after the CR dust settles and the "Sophs" consolidate their bargain purchase by moving the SP north again.

Unfortunately fairly typical Spec management behavior .... I don't hold but frustrating for those who do.

To be fair, it does look pretty undervalued at these levels particularly if the POG keeps ticking higher. Using the "murphy's law" indicator, it will probably be back above 50 cents in 6 months or so

Hearing rumours going around that cap. raising is at 0.22c !? gees ?

P.S. Glad I sold majority of my holding @ 0.51c not that long ago

 

[Sean K]

Hearing rumours going around that cap. raising is at 0.22c !? gees ?

P.S. Glad I sold majority of my holding @ 0.51c not that long ago

Debt providers are in control. Expect 15-20% discount. Bloody hell, well done getting a majority out at 51c! Good darts.

 

[Sean K]

Debt providers are in control. Expect 15-20% discount. Bloody hell, well done getting a majority out at 51c! Good darts.

Or, maybe 15.1- 26.4%, depending on the date.

 

[Telamelo]

BC8 - Paulsen's resource upgrade scheduled for October '23 with more bonanza high grade gold!

P.S. recent cap. raise @ 0.225c completed

 

[Telamelo]

BC8 - Paulsen's resource upgrade scheduled for October '23 with more bonanza high grade gold!

P.S. recent cap. raise @ 0.225c completed

View attachment 161954

BC8 weak close today @ 0.215c -4.44% (on big volume)

 

[Telamelo]

BC8 down yet again @ 0.19c (geez might consider putting in a lowish bid @ 0.15c then again maybe not as can get KAU a profitable producer instead @ 0.17c)

 

[finicky]

Yay .. back to black after once sitting on a 3 bagger with this thing. Tempting to sell.
Some announcement out with yet another resource upgrade and 'new' found exploration potential - haven't bothered to read it.
Anyway if this month of November can maintain a positive candlestick this thing could be birthing a good swing low - who knows, even a bottom. But early days yet.
October presented with a high volume (for this stock) hammer candle which followed a high volume negative but small bodied September candle. Obviously though, today's +18% advance is not showing yet on this monthly chart.
Looks like it'd need a good break above 0.45 to be out of its downtrending channel - that's way off.

Held

ALL DATA MONTHLY

 

[frugal.rock]

Chinese to the rescue? They like their gold.
Sundy may own 40% of this soon I see.
Hopefully the funding plan comes together.

 

[finicky]

Gee, more than 4 years of holding and I'm $400 up on Black Cat as I post - before costs and tax. I should grasp the nettle, strike while the iron's hot and take the money and run.

Held

WEEKLY

 

[finicky]

Strong day for goldie developer BC8.
Quarterly released after trading closed yesterday. Must've been alright but doubt I'll bother to read. It's just a win or lose speccy for me and I won't be buying more - or selling medium term unless there is crushing news.
I see directors have got themselves more options @ ex 50c but might've been via the recent cap raise.

Held
LT trading stance

DAILY

 

[finicky]

BC8 is not a stock that I follow although I own a few shares. Got too boring with so much time and also there's been a grinding multi-year downtrend. With more time it has broken downtrend resistance at a lower price than I was suggesting as a scenario back in 2023 and that break is why I'm drawing attention to the longer term decade chart, where it's easy to see the price has moved outside the downtrend resistance line on consistently high volume. That's the extent of my commentary and interest and I think it should be treated as a risky spec - or ignored. If it retraced to my average buy price of 26c I might consider a small add, as two of it's projects seem to be maturing towards production.

Latest share count is getting towards half a million quote, assuming a nasty convertible note converts to 40m shares at a rate of 0.225 per share. Lots of options and performance shares awarded for insiders and 18m listed options (BC8O) that have recently come into the money.

Held
Holding

WEEKLY 10 Years

 

[finicky]

Another big week of high positive volume concluded this week and gold price should ensure more buying on Monday. You can see how volume is mounting. Nothing wrong with the chart but I'm not bothering to follow the activities of the company.

Held
Holding for the time being

WEEKLY

 

[finicky]

BC8 currently @ 0.54, intraday high 0.56
Gone a bit exponential, already pulling back.
Unbelievably this is coming through at last and I have a bagger on it. Bought them back in Dec 2019. Should be selling half for a free carry but can't.
Not a recommendation, plenty can go wrong, it's a gold mine developer.

DAILY

 

[finicky]

Black Cat up 7% @ 0.64 in morning trading.
Expect it's more a response to Friday's gold price than this announcement of an expansion of the Paulsens mine's regional prospects.

Held
Will trade to free carry if I don't blow it like I did years ago

 

[Sean K]

Opportunistic CR. Great run. Good work.

 

[finicky]

Curses, I have nothing to gain by this.

Held
Reducing

 

[finicky]

Free tip sheet and pump organ sharesinvalue.com.au
Sent this email out today. Bit late in noticing it with the ASX now closed.
But the stock in question has to be Black Cat from the clues, a few of which are: an emerging miner, $250m mc, ~50c share price, three projects - one is on the border W.A and NT - that'd be Coyote, recent cap raise.

Home - Black Cat Syndicate

bc8.com.au

Copy:

"Dear Blockhead,

In the world of gold mining, it's rare to find an emerging producer with high-grade assets, robust infrastructure, and a clear path to revenue generation. We’re excited to introduce a standout gold miner that has achieved this unique positioning—a company at a derisked stage with proven deposits, substantial resources, and strategic access to exclusive infrastructure.

Currently trading around 50 cents, this opportunity combines tangible assets and momentum, setting it apart from speculative plays in the sector. Here’s why it’s worth your attention:

Extensive High-Grade Gold Resources​

The company controls nearly 5,000km² of prime land across Australia's gold-rich regions, with over 2.5 million ounces in resources and an ambitious target to increase this to 3 million ounces within five years. Their recent capital raise will accelerate these growth plans, unlocking significant value for shareholders.

Exclusive Processing Infrastructure​

They own the only gold milling facilities in key regions, including Ashburton and Western Tanami, giving them a critical edge in processing efficiency and cost management. This infrastructure is invaluable for controlling logistics and ensuring streamlined, lower-cost operations.

​

Growth Highlights Across Three Major Projects​

First Project: Located on over 1,000km² of high-potential ground near a major mining center, this site includes a planned 800ktpa processing facility capable of handling third-party ores, maximising revenue opportunities.

Second Project: Situated near the WA/NT border with both open-pit and underground resources, supported by a 300ktpa facility and on-site camp. Recent discoveries indicate substantial expansion potential.

Third Project: A high-grade underground site with a 450ktpa facility, actively expanding through ongoing drilling along key fault structures.

​

Active Exploration and Low-Risk Growth​

This company is aggressively exploring near-mine and regional targets, advancing a low-capital restart across its sites to drive internal cash flow and support further expansion. This strategy positions them to bring their first project online soon, with the potential to double or even triple in value over the next two years.


We have recommended three gold stocks to our members in recent times:

• Perseus Mining (ASX: PRU) has returned +168% since our Buy recommendation
• Northern Star (ASX: NST) has returned +115% since we first recommended it to members
• Evolution Mining (ASX: EVN), our latest ‘High Conviction Buy’ stock has delivered +68% to our clients

With the gold market on an upward trend, this company represents a rare, derisked entry point for investors seeking high-grade exposure with substantial upside potential. As it builds production capacity and scales its resources, this emerging miner is set to deliver sustainable value for forward-thinking investors.

This is our next gold stock recommendation - an emerging producer trading at a market capitalisation of just $250 million tells us that there is a lot of running room as gold prices push to new records. It will go out to all our members on Monday, 4th November 2024.

If you are a forward thinking investor, join us to find out more about the company and a confidential chat on how you can put yourself in the best position to take advantage of this opportunity.

 

[frugal.rock]

"Dear Blockhead,

Mine starts,

"Dear Arsehat,