BCI 0.00% 23.5¢ bci minerals limited

IMO.20% Retail.14% InstitutionalAv. price...

  1. 1,569 Posts.
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    IMO.

    20% Retail.
    14% Institutional
    Av. price $1.71

    http://hotcopper.com.au/post_single.asp?fid=1&tid=1903479&msgid=11105873

    "Management not only wanted to get some liquidity back into the stock, but to also TRY and get some Institutions onto the register. They consider that to be very important although they concede it may not be popular with some shareholders."

    The times are changing. IMO we are giving our biggest shareholder (retail wise) ConsMin special treatment (look at the recent announcement regarding extra shares) and management concede that may not be popular with some. Regent have given up taking BC Iron. They don't have a hope now. Management have done the right thing by shareholders. They have placed BCI into a position that means BCI can't be taken on the cheap. It's also allowed BCI it further grow it's relationship with FMG through ConsMin and the possible acquistion of Mindy Mindy.

    My speculation.

 
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23.5¢ 24.0¢ 23.5¢ $40.46K 171.9K

Buyers (Bids)

No. Vol. Price($)
10 180579 23.5¢
 

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Price($) Vol. No.
24.0¢ 226516 3
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