Hi @Clybigz, my earlier post does not say the selling "was a given simply because of the WHC highlighted issues". I'm just saying that it needs to be thrown in there as a significant factor. For most of the last few quarters rail and port backlogs have hurt BCB because the shipments/sales just weren't high enough to generate the cashflow. As soon as WHC reports and the news filters through, there's an immediate negative read-through for someone like BCB.
As the chart posted by @bigchops shows, aside from a pump in May which was fairly promptly sold into, for most of the quarter BCB traded largely flat. It opened 2 April at 4.8c and it closed 28 June at 5.2c. By 18 July it was 6.0c. The selloff has been very recent, i.e. since 20 July. I'm not sure one can choose the top of a brief pump and then say it's been selling off ever since May, etc... that sounds "deliberately selective with certain dates" to quote you.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-70
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1.1¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 553531 | 1.1¢ |
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Price($) | Vol. | No. |
---|---|---|
1.2¢ | 1666000 | 2 |
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No. | Vol. | Price($) |
---|---|---|
2 | 553531 | 0.011 |
44 | 12784841 | 0.010 |
11 | 6254332 | 0.009 |
6 | 2176000 | 0.008 |
3 | 750000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1666000 | 2 |
0.013 | 3100526 | 10 |
0.014 | 1743001 | 6 |
0.015 | 2660231 | 10 |
0.016 | 1161327 | 5 |
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