In Dec qtr, BCI is cash follow positive by only 5m. This is bad since they achieved higher average selling price than Sep qtr.
For 7 years mine life at 400m market cap plus 120m debt, BCI needs to make at least 30m extra cash each qtr to be worth while for long term investors.
While iron ore price will be higher next qtr but BCI have to start paying interest on the debt. Also, we have raining season on the way.
Ann: Quarterly Activities Report , page-24
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $21.35K | 83.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 36460 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 209630 | 4 |
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| Last trade - 12.37pm 01/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |