Australian (ASX) Stock Market Forum

BCN - Beacon Minerals

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Not sure where it could go,

I do know that theyre doing a 1:2 rights oppie issue very soon (they said within 3 months of listing and 3 months almost up

So that should provide support

Within 3 months I'd expect them to have a very rough JORC on Greenvale,

I reckon they'll easily get a 100Mt grading 0.5%Cu,

But to be of real interest they'd need to get 100Mt@1% Cu Equiv, not sure if they'll get this until we see the remaining drill assays, but so far has potential to get the CuEquiv up to 1%
 
Sold my 100k @ 35c for a nice $15k profit, this post isn't meant to be a chest beater or a ramp or anything but rather caution to ASF peeps

Its run very hard over last few days, if you like the story I think you'll get a chance to buy in over the next week

Good luck
 
Well done again YT. You're a beacon of success the past year. (Pun intended :) )

Should this be effecting GGY as well? Perhaps the JV has nothing to do with the section they have found this minieralisation in......
 
kennas said:
Well done again YT. You're a beacon of success the past year. (Pun intended :) )

Should this be effecting GGY as well? Perhaps the JV has nothing to do with the section they have found this minieralisation in......
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Lol, thanks K, lucky again I guess

Not sure re GGY, don't think this Cockie activity is covered by JV

Its getting damn hard now to find any good fundamental stocks that are undervalued and flying under the radar
 
YOUNG_TRADER said:
Not sure re GGY, don't think this Cockie activity is covered by JV
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No, I've looked at the tennaments and it's not the same, but it's in the same general area I think.
 
GGY's quarterly report refers to the Lucky Ck JV,eastern most tenements, 195 sqk, 10% of their Greenvale area. BCN's map legend shows the JV area and states that the Corrella anomoly appears to be hosted in felsic volcanics of the Lucky Creek group. Cockie is located about 1 to 2 km NW on the map The JV was finalized in Nov according to ann:)

DYOR
 
YOUNG_TRADER said:
Sold my 100k @ 35c for a nice $15k profit, this post isn't meant to be a chest beater or a ramp or anything but rather caution to ASF peeps

Its run very hard over last few days, if you like the story I think you'll get a chance to buy in over the next week

Good luck
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Thanks again Y_T, followed you out with a 50% profit in 24 hours - Good Luck
 
I should remind peeps

Shares on Issue 40m (only 20m quoted) + 20m opies (1:2 rights to come)

So 60m fully dilluted at prices above 20c

60m@40c = $24m so not that tiny once you factor in total issued capital and opies to be issued
 
YOUNG_TRADER said:
Sold my 100k @ 35c for a nice $15k profit, this post isn't meant to be a chest beater or a ramp or anything but rather caution to ASF peeps

Its run very hard over last few days, if you like the story I think you'll get a chance to buy in over the next week

Good luck
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R U sure?

More drilling results due within a week, speculation may drive the share price higher over coming days. I am suprised you took profit at this point considering the announcement, and the rest of the results.
 
Stop_the_clock said:
R U sure?

More drilling results due within a week, speculation may drive the share price higher over coming days. I am suprised you took profit at this point considering the announcement, and the rest of the results.
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Results/ann today was actually soil sample results, usually they are taken with a hand auger at and just below the surface. :D If she moved this far today on that, imagine where it will head when drilling assays are released.. ;)
 
There is the usual chatter over at "hotcopper" of possible Uranium, of course we cannot account for that yet, but must not rule it out either.
 
Stop_the_clock said:
R U sure?

More drilling results due within a week, speculation may drive the share price higher over coming days. I am suprised you took profit at this point considering the announcement, and the rest of the results.
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Well the mkt didn't give a hoot about the first group of assays,

I'll be back at lower prices if I can, but was happy to take a near 100% profit on this, I reckon its run hard and alot of buying is coming from HC peeps, who we've seen can turn negative in a second,

Current Mkt cap is $24m, I prefer YML so decision was simple

Always happy to leave some profit for others, good luck to all
 
I understand you taking profits, but looking the the share price action right now... you must be kicking yourself!
 
Stop_the_clock said:
I understand you taking profits, but looking the the share price action right now... you must be kicking yourself!
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Not at all my friend

I took the $15k profit and bought 100k JMSO at 15c, currently buying around 20c, so nice $5k profit there, I prefer to take profits when stocks get overbought short term (IMO) and then reinvest them elsewhere, while also waiting to buy back in at lower prices

Each to their own I guess,

p.s. I never do Harry Hindsight, never, you can't move forward if your constantly looking behind ;)
 
Damn I leave the post and look what happens, misssed the boat..bugger! I missed yr headsnup on this one Yt and was just starting to watch it. I go away fr lunch and POW! oh well... sorry this is of no use to anyone just needed to vent lol :p:
 
Sure! I just meant the jump in price. I will be looking closer into this. Thanks stop.
 
There is bound to be some Press attached to this in the morning so I feel its run is far from over.I don't hold yet but seriously looking.Cheers
 
YOUNG_TRADER said:
Not at all my friend

I took the $15k profit and bought 100k JMSO at 15c, currently buying around 20c, so nice $5k profit there, I prefer to take profits when stocks get overbought short term (IMO) and then reinvest them elsewhere, while also waiting to buy back in at lower prices

Each to their own I guess,

p.s. I never do Harry Hindsight, never, you can't move forward if your constantly looking behind ;)
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I admire you YT, i can't agree more with Harry Hindsight.... well done, you deserve it!
 
Heavy volume again today and no real signs of a retrace.

The reasons being:

* More results due within a week or so

* Buyers awaiting news of the free options issue

* Possibility of uranium

* Resource upgrades possible
 
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