Updated c.o.b 24th Feb analysis - really bullish set up heading into next week imoBC8 now @ 0.41c +6.49%happy day's, week's & month's ahead with Gold having entered a bull market in 2023! imo
BC8 - Black Cat Syndicate
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@Telamelo Jaded as I am with gold stocks I have to admit the BC8 chart has become more dynamic of late.
The second thumbnail all data weekly chart shows the unprecentedly high volume entering in the month of January (this week's candle hasn't updated yet but it's irrelevant to my point). There were also high positive volumes occurring 2 months prior in November.
The first large daily chart shows a break above the downtrend culminating 4 consecutive days where the price closed on its day's high.
Definitely some interest stirring for some.
Held
Daily
Weekly
The second thumbnail all data weekly chart shows the unprecentedly high volume entering in the month of January (this week's candle hasn't updated yet but it's irrelevant to my point). There were also high positive volumes occurring 2 months prior in November.
The first large daily chart shows a break above the downtrend culminating 4 consecutive days where the price closed on its day's high.
Definitely some interest stirring for some.
Held
Daily
Weekly
Good morning
Have been watching 'the numbers' for some time now @Telamelo. For rcw1 trading methodologies been a difficult one to get head around with respect to the momentum of the stock. Interesting really. Havn't yet been able to nail the bloody thing... ; not good enough to smash it...; as not enough daily variance in SP, moreover high rate of SP acceleration/speed of SP has been disappointing, as you probably are aware, rcw1 buys always (mostly ha ha ha ha) on the rise.
But should the SP break on through consistently $0.44 resistance envelope, then perhaps that momentum issue could well be a thingy from the past. rcw1 assumption. Anyways, plenty of time, steady as she goes...
Have a very nice weekend.
Kind regards
rcw1
Have been watching 'the numbers' for some time now @Telamelo. For rcw1 trading methodologies been a difficult one to get head around with respect to the momentum of the stock. Interesting really. Havn't yet been able to nail the bloody thing... ; not good enough to smash it...; as not enough daily variance in SP, moreover high rate of SP acceleration/speed of SP has been disappointing, as you probably are aware, rcw1 buys always (mostly ha ha ha ha) on the rise.
But should the SP break on through consistently $0.44 resistance envelope, then perhaps that momentum issue could well be a thingy from the past. rcw1 assumption. Anyways, plenty of time, steady as she goes...
Have a very nice weekend.
Kind regards
rcw1
Yeah @finicky agree ? think recent price action shaping up quite nicely of late - glad to see sp cross back above placement price too
Recall that BC8 recently advised/stated that "Black Cat’s objective is to make a decision to mine at Paulsens during 2023 , an engineering study has recently commenced regarding the restart of the low capex Paulsens processing facility".
Once Paulsens is 'up & running' hopefully sometime in 2023 then we'll have surplus cash flow $$ to focus on developing high grade Coyote too!
Coyote is a high quality/high grade deposit which along with Paulsens will transform Black Cat from explorer into a very profitable mid-tier producer in due course (if all goes to plan of course).
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Will be interesting to see how this little black cat goes seeing as it's looking like gold wants a do over on testing $1760 ?
Not held.
Not held.
US Gold $ in a correction at the moment (expected after sharp 20%+ rise in only 3 month's).. good news is AUD Gold price still just below $2,700 despite it all (suggests to me we'll see AUD$3K Gold $ on the horizon in due course imo).
BC8 stars are aligning as we speak with AUD Gold price @ $2,900 .. & we're only 8 -10 week's away from pending decision to re-start low Capex Paulsen's WA gold mine to start pouring Gold & making cash flow $ (meanwhile another resource upgrade is due & expected in about 4-6 week's time with 2 drill rigs turning as we speak).
Announcement below indicates that the 'wheels are in motion' to restart Paulsen's gold production by mid 2023
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Are they trying to keep us keen as a prelude to a big capital raising?
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Fair point and I was being offhand and cynical (the last bit for good reason).
I haven't been following it except through your posts, haha
But I have noticed that BC8 has had a weak response to the recent gold price surge compared to some other goldies. Actually, make that a non response. Even with their intact plants and infrastructure kept ticking on care and maintenance I am assuming a fair whack of capital needed to prepare and ramp up to production? Purely guessing but I have been assuming that buyers are being stand-offish in expectation of a cheaper offering through rights entitlement or placement. Just guessing and very jaded with mining/exploration companies - barely taking notice of them - more into bowel health, you should be too - health before prosperity.
Held (unenthusiastically)
Good morning @finicky you'd be glad to know that BC8 @ 0.405 +2.53%
BC8 @ 0.415 +5.06% showing some bullish momentum per below
P.S. Reckon I deserve an upgrade to some wet cat food lol haha ?
BC8 firing up nicely @ 0.46 +10.84%!
