BC8 - Black Cat Syndicate
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BC8 gained +17% these past 5 day's 
Management/Directors have put in $8 million of their own funds $ into their own company (through placement & super fund etc.) speaks volumes of aligning their success going forward with that of shareholder's.
Management/Directors have put in $8 million of their own funds $ into their own company (through placement & super fund etc.) speaks volumes of aligning their success going forward with that of shareholder's.
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@Telamelo Yes, it sure means more when management builds on its shareholding by participating in placements. It is one thing that distinguishes BC8 from most managers in this field who 'align themselves with shareholders' by stocking up on cheap exercise options, or worse, free 'performance shares'. The ex m.d of Bellevue Gold (BGL) comes to mind as a flagrant example.
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BC8 @ 0.455
Big positive volume entered over the last five months. Up to a testing area I think. Resistance to consider at 45c and 50c is how I see it but basically a chart inducing optimism for a long termer. This month - and probably sooner rather than later - should decide whether it breaks through or falls back.
Chance of capital raising a big caution imo. I think that management are wanting us to anticipate exploration potential as an ace in the hole beside their latent production centres. Provides announcement fodder to the market while they try to progress towards production.
Held
All Data Monthly
Big positive volume entered over the last five months. Up to a testing area I think. Resistance to consider at 45c and 50c is how I see it but basically a chart inducing optimism for a long termer. This month - and probably sooner rather than later - should decide whether it breaks through or falls back.
Chance of capital raising a big caution imo. I think that management are wanting us to anticipate exploration potential as an ace in the hole beside their latent production centres. Provides announcement fodder to the market while they try to progress towards production.
Held
All Data Monthly
BC8 @ 0.47 +6.82% (resource upgrade due next month along with Paulsen's commissioning re-start decision)
Recent article below highlights near term prospects/potential
stockhead.com.au
Multi-tasking Black Cat doubles tenure at Paulsens, chasing repeat of antimony rich Mt Clement deposit - Stockhead
Black Cat has moved to double its landholding around the Paulsens gold mine in WA’s Pilbara, one of Australia’s highest grade gold deposits.
stockhead.com.au
BC8 doing nicely today @ 0.47 +6.82% on decent above average volume!Recent article below highlights near term prospects/potential
Multi-tasking Black Cat doubles tenure at Paulsens, chasing repeat of antimony rich Mt Clement deposit - Stockhead
Black Cat has moved to double its landholding around the Paulsens gold mine in WA’s Pilbara, one of Australia’s highest grade gold deposits.
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Where to now for the BC8 price chart? Not material to me since I won't be selling and will only be adding in the context of a capital raising - maybe not then.
So I'm seeing it as more likely to continue pulling back, first target 40c but then 35-37c looks quite possible. It's within a recent uptrend (since Nov '22) which itself remains within a larger downtrend (since July '20).
Wild cards that might confound me are a capital raising or a violent swing in the gold price.
Just my tentative musing and not an attempt at valuation.
Held
WEEKLY - not showing today's intraday down move.
So I'm seeing it as more likely to continue pulling back, first target 40c but then 35-37c looks quite possible. It's within a recent uptrend (since Nov '22) which itself remains within a larger downtrend (since July '20).
Wild cards that might confound me are a capital raising or a violent swing in the gold price.
Just my tentative musing and not an attempt at valuation.
Held
WEEKLY - not showing today's intraday down move.
Given near term catalyst of a 'resource upgrade' due in May - I don't think sp will pull back & drop below 0.40c
(I'd expect 0.40c 'strong support level' to hold imo perhaps being somewhat a little biased though saying that given my significant longer term BC8 holding).
So long as market sentiment in Gold sector remains bullish then BC8 should do well given near term decision due by June of likely Paulsen's restart in transitioning from explorer to producer during FY 2023/24
P.S. I'd happily accumulate more if sp did happen to fall anywhere near current 200 dma @ 0.365c
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My guess will be then that they'll announce a cap raise in June to coincide with decision to restart Paulsens?
What think you? No way (imo) will they embark on Paulsens restart without more cash in the coffers. This is what might knock it back to 35-37c area or lower depending on when they announce. I suspect reaction to any resource upgrade will be muted because of uncertainty ahead. Pretty superficial comments from me.
What think you? No way (imo) will they embark on Paulsens restart without more cash in the coffers. This is what might knock it back to 35-37c area or lower depending on when they announce. I suspect reaction to any resource upgrade will be muted because of uncertainty ahead. Pretty superficial comments from me.
Yeah @finicky think you may be right about Paulsen's restart decision in June coinciding with some sort of small cap raise to go with it perhaps? however only a fairly low capex cost required towards a Paulsen's restart so I'd guesstimate a figure of only about $15-$20 million at most needed imo
Once Paulsen's commissioning is done etc. this turns BC8 into a cash making $$ cow given high grade gold near surface open pit mining operation (with lowish asic costs going forward too). Paulsen's profits will be able to fund their other high quality projects in bringing them all to fruition over time. They also have & hold third largest antimony deposit in their pipeline as icing on the cake so to speak (antimony considered a critical mineral).
Overall, I honestly rate BC8 as best value "biggest bang for buck" gold investment play for 2023/24 once transition from explorer to producer comes to fruition.
I really believe that management will deliver on all their projects in time (afterall they've put in/invested $8 million from their own pockets into their own business/company as well).
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So they have less than $17m left.
@Telamelo, you're pretty gung-ho on BC8, you could ask investor relations in an email how much cash it would take to commission Paulsens to a break even rate of production. Or, if they elect to not say because it could be market sensitive, when will a final investment decision on Paulsens be released to the market. Noone knows what the risk of buying now is because they could lob a capital raise on us.
Held
@Telamelo, you're pretty gung-ho on BC8, you could ask investor relations in an email how much cash it would take to commission Paulsens to a break even rate of production. Or, if they elect to not say because it could be market sensitive, when will a final investment decision on Paulsens be released to the market. Noone knows what the risk of buying now is because they could lob a capital raise on us.
Held
