not much, page-3

Hi Goarmy, you said:

"Seems like not much is happening with the S/Price for some totally unknown reasoning.
I am getting to the stage of being worn down / questioning myself whether to stay or leave this Co, as I feel I could be investing my funds in other Co's that are showing some good S/Price increases at prersent."

This is NOT meant as financial advice, just my opinion. Please DYOR.

I was thinking of investing in some other specs also because they are way over sold. But I haven't because I think that they may get even cheaper. I'm not going to invest in those stocks until I'm positive that they have reached a bottom. Some of the main reasons I'm sticking with BCI are:-

- Not a spec stock
- Way undervalued (PE of 2!)
- Quality product (Recession proof - P 0.015%)
- Opex currently $40t (Recession proof)
- SP is being manlipulated (takeover potential during Jan.)
- Excellent management
- Still ramping up production
- Still hasn't been re-rated (Funds will invest shortly)
- Majority of the CIDs still haven't been drilled. Therefore, potential upside in the SP once proved reserves are increased.
- FMG partnership should make BCI a Billion dollar company one day through future M&A's. Provided not too much dilution takes place through offering scrip, SP should continue to climb in the long term
- Management has a proven record in taking greenfeild projects into production rapidly. Nullagine could eventually be small fry when compared to what BCI management could do with a WGO for example, once WGO are into production. Or any other M&A's (the big picture could be massive in 5 years time for BCI)

But mainly as mentioned above, it's just a save bet, non speculative, even though it's still trading as a spec stock. I'm tried of the sleepless nights worrying about the current SP of some of my other stocks. This stock I NEVER worry about.

Only my opinion.

Bye mate