you picked it @mondyinvest . i thought they'd get away with not having to raise after they released their March quarterly report but obviously the coal price plummeting was the final straw.
For me this raises a very big question. Even after seeing the December Q report in late Jan 2023, you suggested that they may need to cap raise. The share price was around 29c then so if they bit the bullet then a cap raising at 25c could have been done. But one of the directors decided he really wanted to sell and offloaded 40M shares at 27c on 3 Feb. I would really liked to have been a fly in the directors meeting that discussed the Dec Q report. Was he pushing not to do a cap raise then so that he could offload shares instead? Now they have to issue shares at 17c instead of 25c which is terrible for shareholders.
Also i find it interesting that pimpmystock's broker was suggesting that BCB was a takeover target on another thread. Let me guess, that broker is now also one of the brokers that are managing the cap raise?
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Last
2.9¢ |
Change
-0.004(12.1%) |
Mkt cap ! $82.59M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 2.8¢ | $972.5K | 32.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1095947 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 505869 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 712614 | 0.028 |
2 | 200000 | 0.027 |
4 | 550107 | 0.026 |
10 | 1413000 | 0.025 |
1 | 500000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 32000 | 1 |
0.032 | 100000 | 1 |
0.035 | 1200000 | 3 |
0.037 | 513380 | 1 |
0.038 | 45000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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