Yes, no question — it will get back to 10c, and above. The only question is when. If logistical barriers (rail, shipping) are eased and the weather improves over the next three months (to be expected), the share price is likely to be more than 10c by the time of the next quarterly report in late April — and possibly materially higher. The favourable reports on the new CEO are a big plus, obviously, as are the realised sale prices. That said, production costs were too high in the last quarter, and need to be reduced.
Shaws issued an updated report on BCB yesterday, taking into account the company’s latest quarterly report. They highlight the strong cash balance of $70m at 31 December (materially higher than Shaw’s forecast of $41m), along with the operating cash flow of $29m from the Burton mine. Shaws retain their BUY recommendation on BCB and have a 12-month price target of 23c.
- Forums
- ASX - By Stock
- BCB
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.51M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $252.9K | 35.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 15279647 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 22853389 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 15279647 | 0.007 |
38 | 21549744 | 0.006 |
21 | 13902340 | 0.005 |
8 | 8825000 | 0.004 |
7 | 11700000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 22853389 | 23 |
0.009 | 7853624 | 13 |
0.010 | 886851 | 2 |
0.011 | 2412227 | 5 |
0.012 | 1545284 | 3 |
Last trade - 12.42pm 09/10/2024 (20 minute delay) ? |
Featured News
BCB (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online