BC8 - Black Cat Syndicate

[finicky]

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

 

[peter2]

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

 

[finicky]

Not many goldies up today. They released lots of pics this morning of ore faces they're encountering at Paulsens. Trying not to get optimistic.

DAILY

 

[TimeISmoney]

Black Cat put out antimony news and charts today.

They're expected to complete the commissioning of the Pulsens processing plant refurbishment in late December.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02892485-6A1242660

https://api.investi.com.au/api/announcements/bc8/a2e3ddff-cff.pdf

 

[TimeISmoney]

Entered in the stock tipping comp.

Gold prices seem to be holding strong, and China is buying up gold.

Grades of ore are looking OK overall, and transitioning from explorer to producer.

 

[peter2]

Black Cat Syndicate - near term gold miner. Selected for CY25 comp.

From Stockhead:

BC8 appears to be one of the more attractive potential gold miners to investors in 2024. Price has gone higher throughout the year. The recent cap raise was heavily subscribed and price rallied soon after.

 

[TimeISmoney]

Looking good at this stage.

https://fb.watch/x0eVnXAiNw/

 

[finicky]

Keeping it real, I am assuming with fair confidence that the first gold in the clip above is from the early stage of commissioning the ball mill. It is purely gravity derived and was announced 23 Dec. There's nothing announced from the more complex carbon circuit yet as not enough has built up.
Today was a chart gap up on high volume. Not a very constructive looking chart at this time though, with a deeply overlapping low of the prior high and a messy broadening appearance?

Held
Tradeable to free carry

DAILY

 

[TimeISmoney]

Keeping it real, I am assuming with fair confidence that the first gold in the clip above is from the early stage of commissioning the ball mill. It is purely gravity derived and was announced 23 Dec. There's nothing announced from the more complex carbon circuit yet as not enough has built up.
Today was a chart gap up on high volume. Not a very constructive looking chart at this time though, with a deeply overlapping low of the prior high and a messy broadening appearance?

Held
Tradeable to free carry

DAILY
View attachment 190892

View attachment 190893

It's just following the gold prices up, I think Paulsens is running low grade ore through it from old tailings at the moment.

The big dollars will come when all 3 mines are producing and if the gold prices still hold high.

Good luck everyone.

(Held, holding)

 

[craigj]

Keen on BlackCat great timing to be starting up with production in this gold bull market and the low aus dollar environment. they have substantial reserves and could easily be swallowed up by larger producers.