Well @finicky decision to restart Paulsen's is scheduled by mid-2023 (last page of quarterly states this indicating June/July '23). Given current AUD Gold price of $3k .. I'm very confident that green light will be given to restart Paulsen's.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
Fair points made in everything you said - I hope & trust that our management/technical team have the necessary know how knowledge & experience to succeed (read up about it in an indepth detailed research report about BC8 last year). I'm invested here all thanks to that particular report I read. I'm not particularly influenced by any poster as such as we all must do our own due diligence, research & homework before investing.It takes a lot of money to get a plant going again from a state of care and maintenance; to get a mining operation started and ramped up till it's cashflow positive; to get contractors and employees paid, equipped and accommodated on the site; to refresh everything. And they'll spend all the money they have before they get to that juncture imo.
BC8 having a crack @ 0.50c +3.09 % .. new 52 week high as we speakBC8 technical analysis update as of tonight 04th May
View attachment 156642BC8 Share Technical Analysis | Black Cat Syndicate Limited
Current Technical Analysis and interactive chart for $BC8 stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.asx.swingtradebot.com
Warwick Grigor write up/analysis of BC8BC8 having a crack @ 0.50c +3.09 % .. new 52 week high as we speak
dyor
BC8 strong day closing @ 0.525 +7.14% (on big volume/momentum)
Good morning @finickyBC8 strong day closing @ 0.525 +7.14% (on big volume/momentum)
Quick technical analysis overview per below (please dyor as always)
@Sean K, I'm content to hold because the bar is lower when they already have the mill and infrastructure, the mill having been used profitably in recent times (NST). Also a play on a higher gold price of course, like all the others. The joker in the pack in my imaginings is the hovering capital raising to get Paulsens going - very suspicious of the flurry of positive announcements.
I was anticipating a short term struggle and pullback around 55c but didn't reach there, albeit today's nasty candle is low volume.
Held
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