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.
Because there was no reason for this to go to ~ 22c in the first...
Add BCI (ASX) to my watchlist
 (20min delay)
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $677.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $37.08K | 158.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 201591 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 242874 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 23.8¢ | 24.0¢ | 23.0¢ | 101858 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| BCI (ASX) Chart |