orewealth, i think its purely a realisation that Bci's 'resurrection' is still a way off (imo, mid next year...), and that there are better immediate growth opportunities elsewhere.
Frustration & lack of patience would also be contributing factors.
For those prepared to ride it out, I believe Bci are building the foundation blocks for a more diversified and much stronger co in the years to come. Consider some of these -
* IV - Min to ramp up output and potentially utilise BOSS for further efficiency gains,
* Potential for increased IO reserves via new Minerolgy tenements,
* Buckland - strengthening towards a compelling business case by increasing tonnage (incl blending) &
* CPE - development plan to multi user/multi commodity port facility,
* Mardie Salt PFS,
* Carnegie (SOP) JV to be developed with KLL doing a lot of the initial development heavy lifting,
* New tenements for opportunities in Gold/Base Metals exploration.
So the plans are obviously in place, its just going to take some time to 'get there'.
As a longterm investor, i think the future is now quite sound & secure for Bci, but i can certainly understand why some holders would think "sell now and come back later...". All imo of course.
Regardless, i'm still buying on the dips.
GLTAH.
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24.0¢ |
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Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 23.8¢ | $7.259K | 30.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 110080 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 62883 | 2 |
View Market Depth
No. | Vol. | Price($) |
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4 | 110080 | 0.235 |
10 | 465002 | 0.230 |
8 | 319763 | 0.225 |
25 | 552959 | 0.220 |
6 | 595499 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 1892 | 2 |
0.245 | 62883 | 2 |
0.250 | 46265 | 2 |
0.260 | 53238 | 5 |
0.265 | 40000 | 1 |
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