Bellevue Gold Limited

ASX:BGL

Bellevue Gold Limited

ASX:BGL
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$1.350 (+3.1%)
Last close price
#186
Rank
6
Held by
3
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Reports (2) My Report Forum Investors
Forum Topics BGL BGL BGL valuation

Pinned valuation:
Jacques527
Added 3 months ago
Justification

BGL Might appear to not have the strongest management team, however one can't deny they are ticking a few boxes:

  1. Maiden profit 6/2024,
  2. Production is a go,
  3. A clear plan and opportunity over the next 5 years at least,
  4. Price of gold expected to increase (maybe...),
  5. No red flags (that I can see),
  6. All that with an (almost) all time low share price.


Certainly gets my attention. (Disclaimer: I have a small position in BGL)
Bear77
Added 3 months ago

I think the main red flag is management's track record of assuring the market and analysts that they do NOT need to and do not intend to raise capital, days before announcing dilutive capital raises. That's the reason I exited BGL @Jacques527 . Twice actually - same reason on two different occasions. Fool me once... They fooled me twice. They won't fool me a third time.

6