RBR,
excuse me please for probably asking a question that every one knows the answer here but :
Why would someone shorten BCI when it is unlikely that the IO price and the sp go back to their lowest level ?
Like the oil price it is unsustainable even for the biggest players to have a commodity price close to break even when they could make more money ( that they urgently need ) and the attempt to push all smaller players out of business failed. I am not an expert but over time the IO price will go back to a higher level, as new projects have been postponed or won't get finance and as the world population and world income grows especially in India and Africa.
Of course I could be totally wrong but with the sp still at about 10 % or 90 % down on the highs from Feb 2014 I can't see the shorten makes much sense.
RBR, excuse me please for probably asking a question that every...
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Last
34.5¢ |
Change
-0.010(2.82%) |
Mkt cap ! $996.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.5¢ | $261.3K | 745.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 831944 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 70593 | 3 |
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| BCI (ASX) Chart |