BCI 2.08% 24.5¢ bci minerals limited

Ann: Successful Institutional Equity Raising, page-2

  1. tcf
    6,861 Posts.
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    Interesting to see existing shareholders dumping stock to buy a new allotment at 43 cents.

    No certainty of getting full allotment as can be seen with placement scale backs.

    not sure why the company gave the 7000 odd shareholders a chance to buy rights- $20 mill is one and half royalty cheques.

    I’ll try to get the full $30k worth of stock. It’s money in the bank.

    In the meantime I ponder at who the hell is selling. Incredibly stupid.
 
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