To all those who hold BCI : extremely tough play now. A lot of bad IO sentiment on the market but actually BCI still makes small profits with IO @ $US 75/t. This is ~ $AUD 87 / t, and BCI all in cost is around $68 mark. So I think that market is selling anticipating further fall in IO prices well below $US70. Then BCI woul start loosing money. Yet BCI has a lot of cash now and increased mines (aftet IOH t/o).
btw: note that similar situation is now with almost all commodoties and it will eventually reverse. Gold, IO, nickel, coal (!) - all near bottom. The danger is that BHP / RIO mgmt morons will continue IO price war and they will kill both the pray and the hunter. Then vultures will come in to feed ...
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $721.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.0¢ | $431.2K | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 199836 | 2 |
View Market Depth
| Last trade - 15.59pm 17/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |