"How is this not a bullish announcement?"
- it is not bullish as it is materially disruptive to BCC's largest area of revenue generation (JV),
- it is not bullish because the announcement clearly detailed that the relationship with our JV partner is strained and unproductive (thus completely eliminating any future growth/expansion work, and also eliminating transition into cashflow positive JV situation),
- it is also not bullish because now there will be an undisclosed amount of expediture that will be required for the arbitration process,
- it is not bullish because BOD's energy and focus will be diverted away from the growth and operational requirements to the arbitration/dispute space.
- it is not bullish as it places a big question mark above the future of Zoleo and shelf life of the devices in the market
I can come up with another hundred reasons why this is not a bullish announcement, if you would like, and as you can clearly observe the Mr Market also didn't think it was bullish judging by the volume and SP movement.
"How is this not a bullish announcement?" it is not bullish as...
Add BCC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $12.09M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.0¢ | $4.275K | 31.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14729 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 61247 | 4 |
View Market Depth
| Last trade - 15.45pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
13.0¢ |
Change
-0.015 ( 13.3 %) |
||||
| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 13.0¢ | 11670 | ||
| Last updated 11.19am 14/06/2024 ? | |||||
| BCC (ASX) Chart |