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Black Cat Syndicate Ltd.
(Sydney:BC8)
Black Cat Syndicate Ltd. (BC8) vs. S&P 500 (SPY)
Black Cat Syndicate Ltd. Business Overview & Revenue Model
Black Cat Syndicate Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.77M | 4.61M | 866.95K | 136.21K | 0.00 | 0.00 | Gross Profit |
| 5.77M | 4.61M | 538.10K | 43.91K | -25.07K | -16.31K | EBIT |
| -1.53M | 1.25M | -4.89M | -3.92M | -2.40M | -1.48M | EBITDA |
| -5.22M | -2.23M | -4.47M | -3.72M | -2.30M | -1.41M | Net Income Common Stockholders |
| -11.77M | -3.81M | -4.80M | -3.90M | -2.30M | -1.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.17M | 13.98M | 4.66M | 18.17M | 16.05M | 2.87M | Total Assets |
| 6.79M | 157.80M | 128.18M | 116.22M | 48.35M | 13.02M | Total Debt |
| 0.00 | 9.44M | 5.00M | 132.36K | 190.40K | 0.00 | Net Debt |
| -6.17M | -4.54M | 343.06K | -18.04M | -15.86M | -2.87M | Total Liabilities |
| 6.48M | 40.80M | 34.71M | 37.21M | 2.19M | 997.46K | Stockholders Equity |
| 316.49K | 116.99M | 93.47M | 79.01M | 46.16M | 12.03M |
| Cash Flow | Free Cash Flow | ||||
| -46.08M | -19.38M | -26.93M | -31.08M | -15.14M | -5.67M | Operating Cash Flow |
| -2.58M | -2.06M | -3.38M | -3.30M | -1.30M | -754.64K | Investing Cash Flow |
| -48.75M | -22.57M | -28.18M | -27.80M | -13.88M | -4.89M | Financing Cash Flow |
| 99.97M | 33.95M | 18.05M | 33.22M | 28.37M | 5.80M |
Black Cat Syndicate Ltd. Technical Analysis
Black Cat Syndicate Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$2.99B | 8.45 | 26.42% | 3.32% | 54.37% | 310.22% | |
78 Outperform | AU$3.42B | 23.90 | 13.42% | 0.59% | 11.93% | 22.74% | |
78 Outperform | $23.84B | 25.23 | 11.01% | 2.39% | 25.11% | 28.88% | |
75 Outperform | $15.42B | 22.16 | 16.97% | 1.58% | 60.56% | 302.20% | |
55 Neutral | AU$675.95M | ― | -7.78% | ― | ― | -875.00% | |
49 Neutral | $1.95B | -1.50 | -22.00% | 3.79% | 0.66% | -27.40% |
Black Cat Syndicate Ltd. Corporate Events
Black Cat Syndicate Ltd. has announced the quotation of 167,819 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BC8. This move is part of the company’s strategy to enhance its capital structure and support its ongoing exploration and development activities, potentially impacting its market positioning and offering new opportunities for stakeholders.
Black Cat Syndicate Limited announced the issuance of 167,819 ordinary fully paid shares following the early exercise of listed options priced at $0.3375, set to expire on 14 November 2025. This move is part of the company’s strategy to strengthen its capital structure, with a pro forma issued capital now totaling 746,011,964 shares, enhancing its financial flexibility and positioning in the mining sector.
Black Cat Syndicate Limited has announced the approval for underground mining at the Myhree site within the Kal East Gold Project, as part of its ‘more gold sooner’ strategy. This approval allows for the commencement of underground operations following the completion of the open pit in October 2025. The company is also reoptimizing its mining operations based on current gold prices, tendering contracts, and conducting drilling activities to enhance resource extensions. These developments are expected to facilitate a smooth transition to additional mining operations, potentially impacting the company’s production capabilities and market positioning.
Black Cat Syndicate Limited has commenced surface drilling at the Kal East Gold Project, targeting extensions to the Imperial/Majestic Resource and the high-grade mineralization at Fingals. The initial drilling has already intersected visible gold, indicating promising potential for resource expansion. These efforts are part of Black Cat’s strategy to extend mine life and discover new resources, with assay results expected soon. The company’s proactive exploration approach is poised to strengthen its market position and deliver value to stakeholders.
Black Cat Syndicate Ltd. has announced the quotation of 99,793 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code BC8, effective April 4, 2025. This move indicates a strategic step in the company’s financial operations, potentially enhancing its market presence and offering new opportunities for stakeholders.
Black Cat Syndicate Limited announced the issuance of 99,793 ordinary fully paid shares following the early exercise of listed options. This move is part of the company’s ongoing capital structure management, which includes a variety of listed and unlisted options and performance rights. The exercise of these options is expected to enhance the company’s financial position and potentially impact its market presence positively.
Black Cat Syndicate Ltd. has announced a General Meeting for its shareholders, scheduled for May 6, 2025, in Perth, Western Australia. The company will not send physical copies of the meeting notice and related documents unless specifically requested, in line with recent legislative changes. Shareholders are encouraged to submit proxy forms online and participate in the meeting by voting in advance and submitting questions. The meeting’s arrangements may change, and updates will be provided via ASX announcements and the company’s website.
Kongwell Management Limited has become a substantial holder in Black Cat Syndicate Limited, acquiring a 6.78% voting power through 46,747,731 ordinary shares. This acquisition marks a significant stake in the company, potentially influencing its future strategic decisions and impacting stakeholders.
Black Cat Syndicate Limited has completed the acquisition of the Lakewood processing facility, which is now part of its Kal East Gold Operation. This move aligns with the company’s strategy of accelerating gold production. The acquisition was finalized with a payment of $24 million and the issuance of over 19 million shares. The facility’s experienced workforce has been retained, and processing of Myhree Ore has commenced. The company is also optimizing its various deposits to ensure a steady supply of ore to the processing plant, with mining at Myhree and Boundary pits proceeding ahead of schedule. This acquisition marks a significant step in Black Cat’s growth strategy, potentially enhancing its market position and operational capabilities.
Black Cat Syndicate Ltd. has announced the quotation of 19,739,439 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of March 31, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its ongoing projects, potentially impacting its operational growth and stakeholder interests.
Black Cat Syndicate Limited has completed the acquisition of the Lakewood processing facility, issuing 19,739,439 fully paid ordinary shares to Westgold Resources Limited as part of the transaction. This strategic move enhances Black Cat’s operational capabilities and strengthens its position in the mining sector, potentially impacting stakeholders by increasing the company’s processing capacity and market reach.
Black Cat Syndicate Ltd. has responded to an ASX inquiry regarding a notable increase in the price and trading volume of its shares. The company stated that it is not aware of any undisclosed information that could explain the recent trading activity, attributing the changes to recent announcements and the general strength of the gold market. Black Cat Syndicate confirmed its compliance with ASX listing rules and assured that its response was approved according to its continuous disclosure policy.
Black Cat Syndicate Limited has commenced mining at the Boundary open pit ahead of schedule as part of its ‘More Gold, Sooner’ strategy at the Kal East Gold Operation. The company is advancing its operations with the transition of ore to the newly acquired Lakewood processing facility, aiming for increased cash flow and profitability. The operations are expected to complete three months ahead of schedule, with significant progress in material movements and a reduction in the strip ratio at Myhree, enhancing margins and cash flow potential.
Black Cat Syndicate Limited has accelerated the payment of a deferred consideration related to its acquisition of the Coyote and Paulsens Gold Operations from Northern Star Resources Ltd. The final $5 million payment, originally due by June 2025, has been paid ahead of schedule, reflecting the company’s strong financial position and ongoing support from Northern Star.
Black Cat Syndicate Ltd. has announced its strategic goal to achieve a gold production rate of approximately 100,000 ounces per annum by the end of 2025, with aspirations to grow beyond 200,000 ounces per annum. The company aims to sustain production levels without hedging, capitalizing on the rising gold prices, which positions it to enhance its market presence and offer significant returns to stakeholders.
Black Cat Syndicate Ltd. has announced a proposed issue of 85,526,316 ordinary fully paid securities, set to be issued on March 21, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market position, offering new opportunities for growth and investment.
Black Cat Syndicate Limited has successfully secured $65 million through a two-tranche placement to institutional and sophisticated investors, aimed at accelerating the development of its Kal East Gold Operations. The funds will be used to increase mining production and optimize throughput rates, ensuring a steady supply of ore to the Lakewood processing facility. This financial boost will also support studies for the Mt Clement Antimony Project and provide working capital, allowing the company to remain unhedged and debt-free, thereby strengthening its market position.
Black Cat Syndicate Limited has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This initiative aims to fund the acceleration of mining activities at the Kal East Gold Project, potentially impacting the company’s operational capabilities and market positioning.
Black Cat Syndicate Limited has released its half-year consolidated financial report for the period ending December 31, 2024. The report includes various financial statements such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows, providing stakeholders with insights into the company’s financial health and performance over the past six months.
Black Cat Syndicate Ltd. has announced a General Meeting of Shareholders scheduled for April 10, 2025, in West Perth, WA. The company will not send physical copies of the meeting notice due to the Corporations Amendments Act 2022, encouraging shareholders to access documents online and submit proxy forms electronically. This move aligns with modern digital practices, potentially enhancing shareholder engagement and operational efficiency.
Black Cat Syndicate Ltd. has announced the quotation of 180,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BC8, effective February 27, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and market positioning, while offering new opportunities for stakeholders.
Black Cat Syndicate Limited has issued 180,000 ordinary fully paid shares following the early exercise of unlisted employee options, which were part of an Incentive Securities Plan approved by shareholders. This move is part of the company’s ongoing capital structure adjustments, which include the recent Lakewood acquisition, potentially impacting its market positioning and shareholder value.
Black Cat Syndicate Ltd. has acquired the Lakewood Milling Operation from Westgold Resources Limited for $85 million, comprising $70 million in cash and $15 million in BC8 scrip. The acquisition includes the assumption of approximately $8 million in rehabilitation liabilities by Black Cat. This strategic divestment allows Westgold to consolidate its processing capacity and focus on expanding its Beta Hunt mine and Higginsville mill, aligning with its strategy to enhance operational outputs and reduce costs.
Black Cat Syndicate Ltd. has announced a proposed issue of 19,739,439 ordinary fully paid securities, with the issuance date set for March 31, 2025. This move is part of a placement or other type of issue and is subject to ASX’s agreement to quote the securities. The announcement signifies a strategic step for Black Cat Syndicate Ltd. to potentially enhance its capital structure, which could impact its operational capabilities and market positioning.
Black Cat Syndicate Ltd. has entered into a binding agreement to acquire the Lakewood processing facility from Westgold Resources Limited for $85 million. This acquisition will allow Black Cat to accelerate its gold production strategy by 15 months, increasing its processing capacity by 50% to 1.2Mtpa. The acquisition is expected to enhance the Kal East Gold Operation, reduce risks associated with new construction, and provide opportunities for processing third-party ore. The strategic location near Kalgoorlie offers access to an experienced workforce and local suppliers, further supporting Black Cat’s transformation into a significant gold producer in Western Australia.
Black Cat Syndicate Ltd. announced its target to produce approximately 100,000 ounces of gold by the end of 2025, with aspirations to increase production to over 200,000 ounces per annum in the following years. This expansion is supported by fully funded initiatives, including a $17 million exploration budget for 2025, aimed at establishing a processing facility for Kal East and sustaining production above 100,000 ounces per annum post-2025.
Black Cat Syndicate Limited is celebrating the start of gold production at its Paulsens Gold Operation by offering its shareholders an exclusive chance to purchase a commemorative gold coin. The Cat Coin, crafted from the company’s first gold at Paulsens and featuring the Black Cat logo, is available to Australian shareholders on a first-come, first-served basis, priced at the prevailing gold spot price.
Black Cat Syndicate Limited has resumed underground drilling at its Paulsens Gold Operation, marking a significant step in its growth phase following the first gold pour at the end of 2024. The drilling aims to test priority discovery targets and expand resources, with results expected in March 2025, potentially enhancing the mine’s development and longevity.
Black Cat Syndicate Ltd. reported significant progress in the quarter ending December 2024, including the successful commissioning of the processing facility at Paulsens Gold Operation and the advancement of mining activities. The company also secured $216,000 in co-funding for drilling and completed an $80M placement to finance operations without incurring debt. These developments position Black Cat for enhanced operational efficiency and potential growth, emphasizing its strategic focus on optimizing throughput and expanding resources.