Australian (ASX) Stock Market Forum

BC8 - Black Cat Syndicate

Bit of a rally today with a report of batches of payments received for a contract mining jv and toll milling for Black Cat's Kalgoorlie East project. Start up costs have to be repaid to the contractor first.
pretty resilient share price performance given that there's a hangover of shares minted at 52c with a second tranche still to come. I don't feel the chart has spent enough time retracing for the rally to go far but not sure.

Held
Will reduce at some point is the idea

DAILY
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Good to see the cap raise price (0.52) providing some support. I'm holding through this phase and looking to add (>0.60).
 
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