Australian (ASX) Stock Market Forum

BCN - Beacon Minerals

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Picked for April Stock Tipping Competition. Hopeful news in the pipeline. Also gold may be on the rise again.
 
Pollocks said:
New podcast with Managing Director Graham McGarry.
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Market has certainly taken a recent liking to Beacon's prospects.

I hold BCNOB Options which have been lagging the SP just a little of late.

Won't be surprised to see the Options move a little higher soon.

BCN27Apr2020.png
 
I like the story behind Graham McGarry....It's not too often a director of a company continually does what he says. BCN going along nicely producing what they've anticipated. With the price of Gold looking good and the new Panther lease adding to the life of mine I believe they're in a good position to go one step further. Graham's a local and knows the land. Imo I believe it's only a matter of time before this little producing goldie becomes a bigger player. There's even speculation of a dividend after being debt free come September or further drilling..
 
barney said:
Won't be surprised to see the Options move a little higher soon.
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jancha said:
Imo I believe it's only a matter of time before this little producing goldie becomes a bigger player.
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Been a couple of months of ranging since my last post, but the current price action looks likely to test the April spike high if the momentum continues. Looks a good pick for the monthly comp @jancha ;)

BCN 1july2020.jpg
 
barney said:
Been a couple of months of ranging since my last post, but the current price action looks likely to test the April spike high if the momentum continues. Looks a good pick for the monthly comp @jancha ;)

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Hi Barney...yes the options are due in two years for 2.5c. Currently they're 2c which in comparison to the heads is actually higher. Always a good sign to see this. There's not too many Goldies producing on the ASX under 5c...I believe the past directors would have ruined BCN had it not been for McGarry...I don't know if you realize but the reason he's the Director was because the sale of a lease that he personally knew was an asset to the company. Previous Directors were going to sell it for a pittance. That's what brought about the takeover...since then he's done everything he's said he would. Wish there were more Directors like him.
 
jancha said:
Hi Barney...yes the options are due in two years for 2.5c. Currently they're 2c which in comparison to the heads is actually higher. Always a good sign to see this. There's not too many Goldies producing on the ASX under 5c...I believe the past directors would have ruined BCN had it not been for McGarry...I don't know if you realize but the reason he's the Director was because the sale of a lease that he personally knew was an asset to the company. Previous Directors were going to sell it for a pittance. That's what brought about the takeover...since then he's done everything he's said he would. Wish there were more Directors like him.
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You seem to know a lot? Can you please explain to us with historical data to prove how this option claim of yours works?????? I wish I wish I wish. LOL Or is it a case of "I really really need the price of the stock to go up"? LOL
 
Clansman said:
You seem to know a lot? Can you please explain to us with historical data to prove how this option claim of yours works?????? I wish I wish I wish. LOL Or is it a case of "I really really need the price of the stock to go up"? LOL
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I don't know if @jancha holds Options, but I do.

With the conversion date being a long way off, punters are still happy to pay a small premium for BCNOB, however, as you allude to, Option holders will be a lot happier if the share price trades high enough to get them in the money before the conversion date.

If the share price is still trading at current levels in 2 years, option prices will come under increasing pressure as you suggest, and option holders will then "really really" need the SP to go up;) In a nut shell, time is the key factor.
 
barney said:
I don't know if @jancha holds Options, but I do.

With the conversion date being a long way off, punters are still happy to pay a small premium for BCNOB, however, as you allude to, Option holders will be a lot happier if the share price trades high enough to get them in the money before the conversion date.

If the share price is still trading at current levels in 2 years, option prices will come under increasing pressure as you suggest, and option holders will then "really really" need the SP to go up;) In a nut shell, time is the key factor.
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barney said:
I don't know if @jancha holds Options, but I do.

With the conversion date being a long way off, punters are still happy to pay a small premium for BCNOB, however, as you allude to, Option holders will be a lot happier if the share price trades high enough to get them in the money before the conversion date.

If the share price is still trading at current levels in 2 years, option prices will come under increasing pressure as you suggest, and option holders will then "really really" need the SP to go up;) In a nut shell, time is the key factor.
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Yes I hold quite a number of options and no heads at present...bigger gain with oppies if the stock goes up in value also the opposite applies. BCN was my pick for the Month however I usually pick TNG ...up 60%...Oh well
 
After hours announcement yesterday .... Someone exercised 1.7 million BCNOB options

Only a small trade in the overall scheme of things ($42,000)

But effectively means they were happy to pay a premium to convert to ordinary Shares.

They could have purchased on market around 4 cents and sold the options for around 1.8-1.9 cents

In a nut shell, this punter whoever they are, obviously expect the SP to move higher.

When, nobody knows, but given the long churning period around 3.7 - 4.1 cents I wont be surprised to see the recent high at 4.6 cents tested fairly soon. We shall see:watching:
 
barney said:
They could have purchased on market around 4 cents and sold the options for around 1.8-1.9 cents

In a nut shell, this punter whoever they are, obviously expect the SP to move higher.
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Mmmm .... Interesting ... large $80,000 sell order at 4 cents ....

Fun and games for a little longer methinks:bookworm:
 
Yes imo games being played...debt free in a few months and with golds strength I'm surprised this isn't going forward with the rest of the goldies. Only thing I can think as to why of is LOM. Bod very astute and have local knowledge of the area. Time will tell but get the impression this is being held down.
 
jancha said:
Drilling results due out soon
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Hopefully Jancha

5000+ mtrs of recent drilling completed 14th September, but Assay results delayed due to all the activity in the Gold sector (Companies words).

The boys have done well so far, but a resource upgrade would be handy to get the SP moving again.

The 041 level has been tested a few times. Be nice to see it broken with good drill results. Waiting:bookworm:
 
barney said:
Hopefully Jancha

5000+ mtrs of recent drilling completed 14th September, but Assay results delayed due to all the activity in the Gold sector (Companies words).

The boys have done well so far, but a resource upgrade would be handy to get the SP moving again.

The 041 level has been tested a few times. Be nice to see it broken with good drill results. Waiting:bookworm:
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Yes barney important that BCN increase the LOM...BOD have done basically everything they have said with estimates on production only thing lacking here is LOM ....will be debt free come 14th of October when the 18mil debentures can be repaid. BCN could have paid a dividend but imo chose wisely to spend money on drilling and new leases.
 
Company update on "The Crib Room Podcast" today. The boys sound quietly positive of the future and will be looking towards paying a dividend next year and will consider a share buy back as well.

Shallow depth resource is proving a genuine cash generator so if the POG remains similar, Beacon should do well over the next couple of years.

The Crib Room Podcast.
 
The Beacon boys continue to make Cash (+$7 million for December) but the Share Price has been stagnant for a few months.
Holding patiently.

From todays Announcement.

 Gold sales for the month of December were 3,115 ounces at an average sale price of $2,451/oz for sale receipts of $7.63 million

 Beacon exceeded the higher end of December quarter production guidance with 7,870 ounces of gold produced, approximately 12% above the high‐end guidance

 Beacon poured its first tonne of gold from the Jaurdi Project in December 2020
 
Just pondering over some of the Stocks I have been holding/accumulating for a long time.:wheniwasaboy:

The Spec end of the Market is almost irrational at the moment with so many Stocks jumping crazy percentages of the back of any hint of positive news.

Meanwhile, I sit here wondering why this little battler has been stagnating for so long given what they have actually achieved.

In brief, recently:

Cash of $24 million during September Quarter.

They paid $18 million from that $24 mill to pay out an $18 mill debenture debt 12 months earlier than planned.

So cash of around $7.8 million as at 12th October

End of December Quarter just done .. Cash on hand of over $15 million with 1000 oz of Gold in the fridge as well.

So the boys are Netting $7-8 million in cash every Quarter with a Market Cap of just over $100 mill

At some point in time, something has to give here with those numbers.?

They are actually pulling those numbers out of a relatively low grade deposit. I can only imagine what they could do if they find some high grade shoots nearby.

Anyway, currently unrecognized by the Market it seems. I will continue to hold until "Jeff" wakes up. :happy:
 
Beacon is to pay a dividend ...... Not bad for a minnow Goldie :cool: Total of .007 cps

With all the Gold they are drilling out of the ground, they have decided to share the wealth. The Share Price has been meandering for a while so hopefully it might spark a bit of trading interest.
 
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