Black Cat Syndicate (CHIA:BC8) - Stock Price, News & Analysis

BC8 Stock Overview

Engages in the exploration and evaluation of gold properties in Western Australia. More details

BC8 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings have declined by 28.6% per year over past 5 years

Shareholders have been substantially diluted in the past year

Does not have meaningful revenue (A$5M)

Black Cat Syndicate Limited Competitors

Kingsgate Consolidated

ASX:KCN

AU$358.3m

Predictive Discovery

ASX:PDI

AU$576.0m

Polymetals Resources

ASX:POL

AU$136.3m

Brightstar Resources

ASX:BTR

AU$185.5m

Price History & Performance

Summary of all time highs, changes and price drops for Black Cat Syndicate
Historical stock prices
Current Share Price	AU$0.66
52 Week High	AU$0.66
52 Week Low	AU$0.18
Beta	0.97
11 Month Change	3.15%
3 Month Change	87.14%
1 Year Change	167.35%
33 Year Change	16.96%
5 Year Change	79.45%
Change since IPO	98.48%

Recent updates

Shareholder Returns

	BC8	AU Metals and Mining	AU Market
7D	22.4%	1.6%	0.9%
1Y	167.3%	-10.8%	18.4%

Return vs Industry: BC8 exceeded the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: BC8 exceeded the Australian Market which returned 18.4% over the past year.

Price Volatility

Is BC8's price volatile compared to industry and market?
BC8 volatility
BC8 Average Weekly Movement	8.5%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: BC8 has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: BC8's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2017	n/a	Gareth Solly	www.bc8.com.au

Black Cat Syndicate Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Western Australia. It owns 100% interest in the Kal East Gold project covering approximately an area of 650 square kilometers located to the east of Kalgoorlie, Western Australia; the Coyote gold operation project located in the Western Tanami region; and the Paulsens Gold Operation project located in the Ashburton Basin in the Eastern Pilbara region. The company was incorporated in 2017 and is based in Perth, Australia.

Black Cat Syndicate Limited Fundamentals Summary

How do Black Cat Syndicate's earnings and revenue compare to its market cap?
BC8 fundamental statistics
Market cap	AU$357.58m
Earnings (TTM)	-AU$3.81m
Revenue (TTM)	AU$4.61m

77.6x

P/S Ratio

-93.9x

P/E Ratio

Is BC8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BC8 income statement (TTM)
Revenue	AU$4.61m
Cost of Revenue	AU$0
Gross Profit	AU$4.61m
Other Expenses	AU$8.42m
Earnings	-AU$3.81m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.007
Gross Margin	100.00%
Net Profit Margin	-82.58%
Debt/Equity Ratio	7.8%

How did BC8 perform over the long term?

See historical performance and comparison

BC8 Stock Overview

Risk Analysis

Black Cat Syndicate Limited Competitors

ASX:KCN

AU$358.3m

ASX:PDI

AU$576.0m

ASX:POL

AU$136.3m

ASX:BTR

AU$185.5m

Price History & Performance

Recent News & Updates

New major risk - Shareholder dilution

Black Cat Syndicate Limited has filed a Follow-on Equity Offering in the amount of AUD 80 million.

Black Cat Syndicate Limited Announces the Appointment of Richard Laufmann as Independent Non-Executive Director

New major risk - Revenue and earnings growth

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2024

New major risk - Shareholder dilution

Recent updates

New major risk - Shareholder dilution

Black Cat Syndicate Limited has filed a Follow-on Equity Offering in the amount of AUD 80 million.

Black Cat Syndicate Limited Announces the Appointment of Richard Laufmann as Independent Non-Executive Director

New major risk - Revenue and earnings growth

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2024

New major risk - Shareholder dilution

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 34.6575 million.

Black Cat Syndicate Limited Announces Resignation of Tony Polglase as Director, Effective 25 July 2024

Black Cat Syndicate Limited announced that it has received AUD 45 million in funding

Black Cat Syndicate Limited announced that it has received AUD 45 million in funding

Insufficient new directors

New minor risk - Share price stability

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 8.3 million.

Black Cat Syndicate Limited, Annual General Meeting, Nov 30, 2023

Black Cat Syndicate Limited Announces the Resignation of Philip Crutchfield as Non-Executive Director, Effective 30 November 2023

Forecast breakeven date pushed back to 2025

Black Cat Syndicate Limited Provides Updated JORC 2012 Mineral Resource

Black Cat Syndicate Limited Provides an Update on Underground Diamond Drilling of the Paulsens Repeat Target At the Paulsens Gold Operation

Black Cat Syndicate Limited Provides an Update on Underground Diamond Drilling Along the Gabbro Veins At the Paulsens Gold Operation

Black Cat Syndicate Limited Announces CFO Changes

Black Cat Syndicate Limited Provides Updated JORC 2012 Mineral Resource at Coyote Central, Part of the 100% Owned Coyote Gold Operation in Western Australia

Black Cat Syndicate Limited Provides Update on Underground Diamond Drilling Activities Along the Gabbro Veins at the Paulsens Gold Operation

Black Cat Syndicate Limited Provides Update on Underground Diamond Drilling Activities Along the Gabbro Veins at the Paulsens Gold Operation

Black Cat Syndicate Limited Provides Update on Diamond Drilling Within the Axial Core Zone at Coyote Central in Western Australia

Black Cat Syndicate Limited Announces High-Grade Au-Cu-Sb-Ag-Pb Resource At Paulsens

Black Cat Syndicate Limited (ASX:BC8) entered into an agreement to acquire Gardner Dome REE Project in the Kimberly region of Western Australia from White Cliff Minerals Limited (ASX:WCN) for AUD 0.2 million.

Black Cat Syndicate Limited Provides an Update on Drilling Activities At the 100% Owned Coyote Gold Operation in Western Australia

Forecast to breakeven in 2023

Black Cat Syndicate Limited Provides an Update on Underground Diamond Drilling into the Gabbro Veins At the Paulsens Gold Operation

Black Cat Syndicate Limited Announces the Commencement of Underground Diamond Drilling At the Paulsens Gold Operation

Black Cat Syndicate Limited Provides an Update on Drilling Activities At the 100% Owned Coyote Gold Operation in Western Australia

Black Cat Syndicate Limited Provides an Update on Drilling Activities At the 100% Owned Coyote Gold Operation in Western Australia

Black Cat Syndicate Limited Announces Update on Regional Exploration Activities At the Paulsens Gold Operation

Black Cat Syndicate Limited, Annual General Meeting, Nov 24, 2022

Black Cat Syndicate Limited Announces Shallow High-Grades Continue At Coyote Central

Black Cat Syndicate Limited Announces Update on Activities at Paulsens Gold Operation

Black Cat Syndicate Limited Announces New Coyote Geological Model Driving High-Grade Success

Black Cat Syndicate Limited Announces an Update on Drilling activities at the 100% Owned Coyote Gold Operation

Black Cat Syndicate Limited Commences Drilling At Balagundi Cu-Zn-Pb-Au Project

Black Cat Syndicate Limited Announces Update on Drilling Activities at the 100% Owned Coyote Gold Operation in Western Australia

Black Cat Syndicate Limited Announces an Update on Drilling Activities At the 100% Owned Coyote Gold Operation

Black Cat Syndicate Limited Provides an Update on Infill and Extensional RC Drilling at the Speedy Deposit Within the Coyote Gold Operation

Black Cat Syndicate Limited Announces the Return of the Final Grade Control Drilling Results from the Myhree Open Pit, Part of the Kal East Gold Project

Black Cat Syndicate Limited Provides Update on Activities At Myhree Open Pit

Black Cat Syndicate Limited Commences Diamond Drilling At Coyote Gold Operation

Black Cat Syndicate Limited Releases Additional Results from Previous Drilling at Paulsens Gold Operation

Black Cat Syndicate Limited Commences RC Drilling At Coyote Gold Operation

Independent Non-Executive Director recently bought AU$91k worth of stock

Black Cat Syndicate Limited (ASX:BC8) acquired Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

Black Cat Syndicate Limited Announces the Resumption of Grade Control Drilling at Myhree, Located Within the Kal East Gold Project

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 35 million.

Black Cat Syndicate Limited Provides Update on 2022 Drill Program At the High-Grade Coyote Gold Operation

Black Cat Syndicate Limited Announces the Results of Four Successful Drilling Programs at the Kal East Gold Project

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST).

Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).

Black Cat Syndicate Limited Announce an Update to Jones Find Being Part of the Majestic Mining Centre JORC 2012 Mineral Resource

Black Cat Syndicate Limited Announces RC and Diamond Drilling Results from Jones Find

Black Cat Syndicate Limited Announces Update to the JORC 2012 Mineral Resource, for Majestic, At the Kal East Gold Project

Black Cat Syndicate Limited Announces Drilling Results from Kal East Gold Project

Black Cat Syndicate Limited Announces an Update on RC Drilling at Regional Targets Around Fingals Fortune and Jones Find Both Part of the Kal East Gold Project