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.
- Forums
- ASX - By Stock
- BCI
- Ann: Updated Mineral Resources and Ore Reserves
Ann: Updated Mineral Resources and Ore Reserves, page-16
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
|
|||||
Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.0¢ | $481.6K | 1.946M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 54124 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 838717 | 0.240 |
3 | 91538 | 0.235 |
12 | 483947 | 0.230 |
7 | 382763 | 0.225 |
20 | 507395 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 54124 | 4 |
0.250 | 10619 | 1 |
0.255 | 108399 | 5 |
0.260 | 214986 | 7 |
0.265 | 40000 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |