Another drop in the SP today albeit only on very low volume.
The SP has seen a steady decline since may 2018 when it briefly hit 17c with only a slight bump up to about 8c in mid 2021.
I invested in BYH as a medium term investment on the basis it had a good portfolio of projects to develop unfortunately the potential has not been realised to date. The manganese JV is possibly the only project that might give some short term support to the SP as it progresses but I do not have a good feel for what if any impact progress there will have on the SP.
Cash will be a upcoming problem - the $1.4m credit raise last year will not carry them for too long. I can't imagine the "sophs" who went in at 2.7c even though they picked up options at what seemed like a reasonable conversion price at 5.4c in mid 2025 with the market price at the time being 2.9c will be happy about the current SP
Another drop in the SP today albeit only on very low volume.The...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.484M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3170044 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 15526 | 1 |
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| Last trade - 16.12pm 07/06/2024 (20 minute delay) ? |
| BYH (ASX) Chart |
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