The bottom is not yet "in" for iron ore. Has come off 25% in the past six weeks to be at 10 yr lows (in USD) so another 25% in the next six weeks is possible and the NJV perhaps goes into care & perhaps Iron Valley also.
In that scenario she becomes a dormant company pretty much waiting out a price cycle and doing the odd bit of exploration for non-iron resources. Keep the cash burn down to $5-$10 million p/a and they can survive 7-10 yrs which is hopefully long enough to see a new price cycle in iron ore.
So... In that scenario I can see the share price slipping well below 23c, below 20c, easy to see 10c-12c if this scenario eventuates.
They aren't a takeover target just as AGO hasn't attracted a sniff even at 5c. Stokes can also easily block a predatory bid.
Just keeping it real - Don't risk any more than you are prepared to lose here - BCI is becoming higher risk and more speculative by the day.
Thinking only about the potential upside to this share price could be a big mistake.
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.0¢ | $481.6K | 1.946M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 54124 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 0.240 |
3 | 91538 | 0.235 |
12 | 483947 | 0.230 |
7 | 382763 | 0.225 |
20 | 507395 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 54124 | 4 |
0.250 | 10619 | 1 |
0.255 | 108399 | 5 |
0.260 | 214986 | 7 |
0.265 | 40000 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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BCI (ASX) Chart |