BC8 on the move @ 0.35c +9.38%BC8 great news
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BC8 @ 0.34c +11.48% (market depth ratio 1.81M buyer's vs only 268K seller's)BC8 fantastic news!
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Almost 2M volume on the bid wanting in .. niceBC8 fantastic news!
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BC8 on the move @ 0.35c +9.38%
BC8 now @ 0.38c +18.75%
BC8 now @ 0.395c +11.27%
BC8 @ 0.34c +11.48% (market depth ratio 1.81M buyer's vs only 268K seller's)
In spite of all the excitement, the BC8 share price hasn't really gone anywhere. It is exactly where it was a month ago, at 32c. Even this morning's announcement didn't get the needle moving. More interesting to me than daily share price movements is why this company isn't gaining any traction.
Fair point greggles.. nevertheless, still green in my portfolio as luckily averaged in a while back @ 0.288c as think it has huge potential going into 2023 & beyond imhoIn spite of all the excitement, the BC8 share price hasn't really gone anywhere. It is exactly where it was a month ago, at 32c. Even this morning's announcement didn't get the needle moving. More interesting to me than daily share price movements is why this company isn't gaining any traction.
See link below for starter's as provides plenty of detailed information (still $13M in funding $$ left in the kitty with no debt whatsoever plus bonus that have own mill ready to go)Why?
BC8 trend analysis.. yet another bounce off strong support @0.30cJust to throw my 2c in, I am still a LT holder of 40,000 shares of BC8 and have seen most of my profit eroded away. As said in an earlier post I will not be buying any more because they didn't even make a formal acknowledgement of a illuminating email that I sent to the M.D offering the benefit (for free) of my strategic thinking for the advancement of the Kal East project (1.2m oz Au resource half an hour from Kalgoorlie). Can't stand these arrogant bstds who treat shareholders as back seat hitch-hikers when legally we own the car.
I am guessing that many potential innestors/traders have been put off by the radical change of plans, with Kal East put on the back burner and the purchase of two mothballed mines with plants on care and maintenance that are far flung from Kalgoorlie. I guess it is plausible that manpower had become short and cost of starting a mine operation from sctratch had become inflated - that's if you choose to believe a haughty management and it's not really that they developed a lemon in Kal East. Their next door neighbour with a similar project has not inflamed the market with excitement either - Horizon Minerals (HRZ) (Held)
But if others are thinking like me, start-up crash and burns are fresh in their minds as well - Dacian (DCN) and Gascoyne (GCY)
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