I agree Lara. This looks like a dud deal for existing BCI holders. How are they going to fund the A$744m in upfront capex on Buckland? An equity raise at current prices will be highly dilutive to existing shareholders. Management are really backing a sustained rebound in Fe prices to well north of $100, to support an equity raise at a much higher share price ... On my basic numbers BCI cannot afford to raise equity below $2.50/share, without it becoming heavily dilutionary.
Still Confident?, page-41
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $721.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $16.82K | 67.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 82836 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 263607 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |