Am I missing something?
How is BCI spending $150mil when its a script offer (costing you NOTHING) and 10 cent per IOH share where the cash comes from "IOH" cash holding of $50mil. All IOH shares equate to $16mil (160mil shares @ $0.10ps).
So after the deal, BCI will have an extra 70.4 mil shares (I understand this dilutes current BCI share holdings) PLUS an extra $34mil cash ($50mil-$16mil) plus revenue from Iron Valley (at no capital cost) plus lots of ore!!!
Still Confident?, page-11
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 176953 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
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| BCI (ASX) Chart |