I think that the last big step(from $2.50 to over $4) in the SP was due to a combination 3 things:
Higher IO price
BCI buying an extra 25%
More liquidity after Regent's exit
I believe the next big step up will come when BCI announces the exact size & quality of the resource - with a plan on what to do (or can be done) with the vast lower grade ore reserves.
This ann should come in either the Mar or Jun report.
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In the meantime it looks like the SP will just fluctuate with the general IO sentiment - along with BHP, RIO & FMG.
md role, page-3
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $879.7M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $221.7K | 751.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 994 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 420271 | 8 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BCI (ASX) Chart |