Let’s have a quick look at some announcements from today.
Bellevue Gold ASX:BGL
The shorts are right again. There is a pretty big short position (5.8%) in this gold miner believed to be there in expectation of a capital raise. The company has said it didn’t need to do a raise but low and behold here it is.
Chrysos Corporation ASX:C79
This is the best quarterly operating cash flow the company has produced to date. Revenues are much higher as are the operating cash flows.
Guidance seems to be below what the market was expecting. This is a small company though so there may only be one analyst.
This is a typical chart of a company that is waiting to decide which way to trend again. Strong quarter with solid but unspectacular outlook. It may just not be enough considering the company is trading at over 20x revenues.
Peninsula Energy ASX:PEN
Revenues come in fits and starts for this Uranium miner. I know one of the big brokers out there always mentions them as one of their Uranium plays but it’s a total dud so far.
 Ugly chart with nothing in that quarterly cash flow to encourage further investigation for me. Maybe next quarter.
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Announcements July 25