Hi Goarmy, you said:
"Seems like not much is happening with the S/Price for some totally unknown reasoning.
I am getting to the stage of being worn down / questioning myself whether to stay or leave this Co, as I feel I could be investing my funds in other Co's that are showing some good S/Price increases at prersent."
This is NOT meant as financial advice, just my opinion. Please DYOR.
I was thinking of investing in some other specs also because they are way over sold. But I haven't because I think that they may get even cheaper. I'm not going to invest in those stocks until I'm positive that they have reached a bottom. Some of the main reasons I'm sticking with BCI are:-
- Not a spec stock
- Way undervalued (PE of 2!)
- Quality product (Recession proof - P 0.015%)
- Opex currently $40t (Recession proof)
- SP is being manlipulated (takeover potential during Jan.)
- Excellent management
- Still ramping up production
- Still hasn't been re-rated (Funds will invest shortly)
- Majority of the CIDs still haven't been drilled. Therefore, potential upside in the SP once proved reserves are increased.
- FMG partnership should make BCI a Billion dollar company one day through future M&A's. Provided not too much dilution takes place through offering scrip, SP should continue to climb in the long term
- Management has a proven record in taking greenfeild projects into production rapidly. Nullagine could eventually be small fry when compared to what BCI management could do with a WGO for example, once WGO are into production. Or any other M&A's (the big picture could be massive in 5 years time for BCI)
But mainly as mentioned above, it's just a save bet, non speculative, even though it's still trading as a spec stock. I'm tried of the sleepless nights worrying about the current SP of some of my other stocks. This stock I NEVER worry about.
Only my opinion.
Bye mate
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 24.0¢ | $198.5K | 812.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44912 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 377190 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.240 |
7 | 219661 | 0.235 |
20 | 280433 | 0.230 |
4 | 169966 | 0.225 |
12 | 309380 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 377190 | 3 |
0.255 | 143921 | 2 |
0.260 | 19663 | 2 |
0.265 | 100000 | 1 |
0.270 | 146470 | 5 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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