re: boc renewed interest-big spike Technically, I don't like the gaps so sold a few at these levels.
Fundamentally though, BOC is fairly valued as an investment co. Perhaps on the cheap side given the All Ords performance this year. I'd say it's trading at or below NTA and the P/E is not overly demanding.
The wildcard is of course, the mine. In effect you are buying an option on a very large copper mine - for free!
Not only is Panguna a very large mine, it is also the closest deposit to the Asian market for copper.
Anything could happen to the share price and I won't be selling again under a dollar a throw.
Even then, in the absence of news, I'd keep a few for the grandkids. If anything does happen, I think it will be within a year.
Cheers,
renewed interest-big spike, page-7
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Last
51.0¢ |
Change
0.025(5.15%) |
Mkt cap ! $204.5M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 50.0¢ | $2.495K | 4.948K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 177 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 100000 | 1 |
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| Last trade - 11.40am 26/07/2024 (20 minute delay) ? |
| BOC (ASX) Chart |