The shareholders who don't like two Chinese funds on the register are selling up, but looks like there are a decent amount of buyers for those shares. I still see this funding as better than anything else that could have happened. Imagine if it was a large equity raise with brokers involved and HNW etc. who just flip the shares. Better to have 2 funds with escrowed shares. Better than some restrictive debt package too.
The infrastructure they have alone is worth more than 100 million surely! Then you have a lot of potential upside with exploration too (which BC8 are well funded for). Risk / reward looks pretty good to me.
The shareholders who don't like two Chinese funds on the...
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $105.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.0¢ | 27.5¢ | $348.1K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 411147 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 63400 | 3 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |