Now that the cap raise is finalised we get a better read on market capitalisation for the stock - presently at $678M using marketindex.com.au data sourced from morningstar.
This exceeds the market cap of WBT at $676m and is closing in on CUV ($685m), TIE ($689m) and MYR ($690m).
If this stock price can be maintained and better still increases back to say, 25c where the raise was done (hopefully ineligible overseas holders stock is sold), we are likely to be on for the next asx300 rebalance.
The index rebalance happens in September 2024. Anyone's guess as to when the vanguards of the world need to start positioning their portolios for the change.
DYOR and/or respond with legacy content about how you lost money when this was an iron ore mining company.
BCI Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)