Hindsight is a wonderful tool. In this case, and I may have said this on a previous thread, but I do not believe that the BCI Board believed at any stage that they would be required to go through with this SOA - simply too many hurdles for such a low ball offer. This is why they have acted as they have. Simply recommend it and let it run its course. They know CM had a blocking stake and the worst thing that could have happened is that the Regent bid may have flushed out a higher price.
Not sure too much criticism of the board is warranted - if it is it ought to be confined to not insisting on a substantial break fee and ensuring the SOA was watertight as far as out clauses for Regent.
Business as usual.
we shareholders want the report disclosed, page-9
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $865.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $321.7K | 1.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7084 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 81225 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BCI (ASX) Chart |