A T20 holder has been exiting so sitting on the bid a few levels down has allowed a savvy holder or two to pick up cheap shares and allow an orderly exit for that holder. Outside of a pip or two from here, I just don’t see much downside, even if the market drops a bit.
As an aside, I’m patiently waiting for our low liquidity to be what drives us higher rather than being a hindrance.
If we exit with $4.5-$5m EBITDA and $6-7m cash we’d just be too hard to ignore.
Would love to see a reputable micro cap fund take a position here over the next 12 months too.
I think it’s going to be a great 12 months for BCC holders from here.
BCC Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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