BCI are just consolidating. Taking advantage of this downturn to better their long term prospects. They like many others over indulged in the good times and are making right in the bad. They are just lucky that they have little debt and still loads of cash to see them through. This all will strengthen their balance sheet and make them an even greater take over target than they previously were. And if that does not happen. At least they will be a bigger and stronger company when things do improve. However i am betting on a takeover first.
Just Look at LNG what have they achieved, nothing. Except an inflated share price due to nothing more than hot air and hope. They don't even produce anything. They just wished they did. You take all that hope and glory out of the LNG equation and you would be lucky if they were trading in the cents. And that is the only reason why the LNG share price is where it is now. If you think BCI are bad, then take a look in the LNG mirror. They look terrible. You and other with your blind faith, is outstanding. But what can you expect.
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