There is a capper that had an order at $0.07 for 2M. They quickly pulled it and change the price to $0.075. Clearly they have no intention of selling. Why bother i wonder.
Keep in mind that the directors were expecting an SP of $0.25 to $0.30 by the time the FID came around. BDC should never have been sold down to these levels. The aggressive on market purchasing by directors reflects this. Although this may be the case, we've come a fair way since $0.041. We will have to consolidate at some point in time regardless of what true value is.
BDC Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
