BCT 33.3% 0.4¢ bluechiip limited

Ann: Open Briefing, page-4

  1. 216 Posts.
    lightbulb Created with Sketch. 54
    further attempts to get the share price to lift still not working this morning !

    - the outlook for future growth looks positive (there are green shoots although slow to ramp up)
    - good that discussions with Fuji for a material agreement underway still. with no timeline articulated and this being overdue relative to earlier announcements mid year it would seem some shareholders are not prepared to wait any more.
    - the curated Open Briefings questions dont address the elephant in the room which is the next CR. i expect they planned that the Fuji deal would've gone ahead by now, that the SP would've lifted and they could've done a big CR at higher prices and not dilute existing holders (like they did after the original Labcon deal).
    - with the SP currently depressed i suspect their negotiating power with Fuji is weak and that this is delaying finalisation. BCT should hold to their guns and not discount for Fuji. (the depressed SP is hurting in the meantime tho)


    hopefully some big news comes out soon !

    GLTAH, IMO, DYOR
 
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