Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hey James and Team Morning updates, afternoon updates when do you guys ever get time for lunch?! Keep up the great work. What are your thoughts on BC8 as an upcoming gold producer and HIO, in the iron ore space? Thanks very much keep up the great work. Cheers
Hi Tim,
Sometimes we don’t! Thanks for your nice comments, much appreciated. Black Cat Syndicate (BC8) only has a market capitalization of $82m so it’s too small for us, we tend to stick to producers particularly in an environment where interest in gold is languishing . Our morning note today (Friday) outlined our positive view on the precious metal which would be a positive for BC8, however it’s not one for us.
Hawsons Iron (HIO) is another smaller company capped at $146m developing what looks to be a good Iron Ore project near Broken Hill. They recently penned a financing agreement with LDA Capital in the US to provide $200m equity funding for the development of the project. The deal is complex with a lot of layers, it’s the sort of funding agreement that I question, I’ve seen them go very wrong before with the financier the big winners and the equity holders the big losers. That sort of financing agreement is enough for me to give the stock a wide berth.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
