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3.23%

6.0¢ bowen coking coal limited

From memory, inclusion into that index was when this pretty much...

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Clybigz

427 Posts.

296

16/05/24

23:12

Post #: 73867733
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Originally posted by elLocoGator: ↑

The sudden increase in volume from less than $20,000 traded all day less than a month ago to over $700k traded yesterday on 'no news' is a bit odd.
I agree this is probably in context of a run-up pending CR.
A polished balance sheet is a necessary safety net but dare to dream for a second: The long term MACD has just turned positive, RSI was the highest its been YTD. Additionally, the director filed for cashing in of 240K worth of options in context of this timing? Tax related? Suspecting near term gain i.e. re-inclusion into ASX300? Re-inclusion into ASX300 would probably take this back into the low teens; changing of the royalty scheme (unlikely anytime soon) would be higher but is unlikely.

I am 70% down over 1 year in this particular stock which is a 3.3x (or $600M MC before dilution) to break even. I hope those who have endured through this period are rewarded with the success of this company.

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From memory, inclusion into that index was when this pretty much started to tumble without ever recovering.

BCB Price at posting: 6.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.002(3.23%)		Mkt cap ! $170.8M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.0¢	$83.85K	1.352M

Buyers (Bids)

No.	Vol.	Price($)
5	890113	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	8983	1

View Market Depth

No.	Vol.	Price($)
5	890113	0.060
2	102118	0.059
3	140000	0.056
8	465458	0.055
3	213925	0.054

Price($)	Vol.	No.
0.061	8983	1
0.062	180000	2
0.065	169232	2
0.068	483658	3
0.070	300000	2

Last trade - 16.10pm 05/06/2024 (20 minute delay)


Last 6.0¢			Change -0.002 ( 5.51 %)
Open	High		Low	Volume
6.4¢	6.4¢		6.0¢	278493
Last updated 15.59pm 05/06/2024 ?

BCB (ASX) Chart

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