Ann: Ceasing to be a substantial holder, page-133

”I think BCB got the cap raising and debt before the door slammed shut and i hope its enough to become self-sustaining and profitable long term in line with the demand for coke and steel.” - Absolutely agree. But I also wonder if not for the further dilution and especially Matt not offloading tens of millions of shares to a certain fund, would there have been a seller or sellers then inclined to smash down the SP?

Of course, that means there wouldn’t have then also been the funding to commence production/shipping but could an alternative means have been pursued to try and generate the necessary funds - alá Hillsong.

IMO, when this currently quarterly is issued in two months, there should be a clearer picture/understanding if BCB has or is very close to becoming self-sustaining and if that isn’t visible to me, I’ll most likely sell out, whether at a loss or not (my current avg buy-in is .225).