Australian (ASX) Stock Market Forum

BCN - Beacon Minerals

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No fireworks on the SP as hoped …. Plenty of Supply at the 0.026 price so we will likely drift back into a trading range.

Company has secured $18 million in Debentures to progress their small Gold project into Production early next year …. Good position for a minnow to be in. Probably need the POG to move to create more interest.

Back to watching the paint dry at the moment:)
BCN Monday 3rd Sep.jpg
 
barney said:
Company has secured $18 million in Debentures to progress their small Gold project into Production early next year …. Good position for a minnow to be in. Probably need the POG to move to create more interest.
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BCN playing out as expected ……. Soon into production and POG moving up. They should make some healthy cash over the next few years. I hold long dated options on this but charts should follow each other.
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BCN june25 2019.jpg
 
Pollocks said:
Picked again for August stock competition. Hopefully it has more in the tank for next month.
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Its been holding the recent highs with steady Volume …… Getting closer to generating cash. Failing any mishaps, it should just continue to creep higher in the short term.

I still hold a lot of long dated Options so every tick up puts food on the table:singing::happy:
 
barney said:
Failing any mishaps, it should just continue to creep higher in the short term.
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Near today's Close and the Heads are up 20% today to 0.042 and the Options up between 11% and 15%

The market is taking a lot more interest now with the rising POG … bring on Production!:)
 
barney said:
The market is taking a lot more interest now with the rising POG
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Today's query by the ASX on Beacon's cash position didn't seem to dampen the share price. That in itself indicates that the punters in the know see the potential value in this minnow over the next few years (assuming the POG stays positive) ….

Its been a long time coming for BCN, but managements frugal and professional approach seems to be impressing the market …..

Holding long dated Options on this one so every tick higher is helpful for someone ageing quickly:oldman::eek::)

Positive suggestions on the market depth … and the Chart/Volume in general.

Holding in hope!!

BCN 7Aug2019.jpg
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Just announced a Cap Raise last week … Final details unsure but I believe it was/will be at 4.2 cents for around $8 mill from memory. If it holds above 4.3-4.4 that would be solid.

Management seem to be doers and efficient …. (I hold long dated Options in BCN)
 
barney said:
Just announced a Cap Raise last week … Final details unsure but I believe it was/will be at 4.2 cents for around $8 mill from memory. If it holds above 4.3-4.4 that would be solid.

Management seem to be doers and efficient …. (I hold long dated Options in BCN)
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How do you define the price going up marginally and then another 200 milion shares being issued as "doers and efficient"
Nearly 3 billion shares on issue and nearly another 1 billion options?
It will be back below the raise price directly, these dogs are all from the same kennel.
 
Clansman said:
Of course not. I recognise the DNA.
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It's a Spec stock so obviously it has to be approached with appropriate caution. Each punter has to do their own research and make their own determination. You are totally entitled to your opinion if you think it's a dog stock. I've been bitten by my fair share of "dogs" over the years so I keep a leash handy just in case.

Regarding my interpretation that management are "doers and efficient?" They've built a gold processing plant and brought their Jaurdi deposit into production in around 2 years. That's a good effort in my book.

They have had to raise capital one more time recently which does dilute the register, but cap raises are part of doing business … at least they raised it while the SP is on the up rather than wait till the Company is desperate, unlike the Boards of many Specs.

There are a lot of shares on issue as you rightly state …. I don't like huge share registers either, but in the end its the market cap which determines the value of the Co. … Currently about $125 million.

In reality, I think they are currently trading at about true value based on their current potential. Their future potential is still to be determined. The SP has continued to trade above the cap raise price so punters can cut and run if they like, and the majority will have probably done well.
 
Clansman said:
Of course not. I recognise the DNA.
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3 months down the track and it seems you were likely closer to the truth than I was @Clansman:oops:

Anyway, I still hold long dated Options and have picked BCN as my pick in this months Competition.

I called them at "true value" around 4.3 cents …. You and the market says I was wrong …

If I was right, then they are currently undervalued … hence my pick for this months Comp:)
 
BCN meandering in a 3-4 cent range last 3 months. Now Producing Gold as planned. Profit margin on 3 month sales should be over $4 million ….. Market not overly excited about the recent drill results but generating free cash is a good effort given the time frame they did it in.

16 January 2020
JAURDI GOLD PROJECT PRODUCTION UPDATE

HIGHLIGHTS  Production continues to ramp up at the Jaurdi Gold Project:

1,364 ounces of gold produced during the month of October 2019 1,511 ounces of gold produced during the month of November 2019 1,774 ounces of gold produced during the month of December 2019 

5,746.74 ounces sold to date at an average realised sale price of

$2,184.47/oz for total cash receipts of $12.55 million
 
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