Because there was no reason for this to go to ~ 22c in the first place (which I didn't mind too much, I used the opportunity to top-up).
Yesterday's quarterly just reminded some buyers that BCI has $200+M cash, no debt, steady income from MIN, and not great but still Ok progress with Mardi construction.
And maybe someone noticed wording in yesterday's update - "...ongoing Iron Valley royalty earnings and potential asset sales...".
If MIN is keen to buy out Iron Valley, Mardi could be completed without need for more funding.
Imagine BCI being a debt-free money-printing machine from salt+potash.
Ann: Quarterly Activities Report, page-10
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $764.4M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 26.0¢ | $102.2K | 380.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 102608 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 71531 | 2 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |