This is not about the merger. It is and always has been a play on the IO price and the $A, both of which are making life hard for Aussie iron ore miners. Have a look at the Dalian IO futures on the link below.
http://www.dce.com.cn/portal/cate?cid=1114494099100
If this is an indication of where the IO price is headed then I have no idea why anyone would be either holding or buying iron ore stocks. BHP & RIO have been very clever the way they have hidden the iron price effects in their recent announcements.
If IO was trading at $1.50 then BCI would still be above $5 and maybe approaching $6 given the proposed deal with IOH. There is nothiing wrong with BCI except for the IO price and the currency. Management are great - just being influenced by factors outside of their control - they are "price takers".
I was in BCI from 2007 until earlier this year. It is sad to watch this happen.
- Forums
- ASX - By Stock
- Confidence Badly Shaken
This is not about the merger. It is and always has been a play...
-
- There are more pages in this discussion • 20 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
(20min delay)
|
|||||
Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $735.5M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 25.0¢ | $91.11K | 354.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 200997 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 185944 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 201408 | 0.255 |
6 | 26577 | 0.250 |
4 | 28075 | 0.245 |
4 | 141666 | 0.240 |
11 | 203943 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 180769 | 3 |
0.265 | 196000 | 4 |
0.270 | 50000 | 1 |
0.275 | 19000 | 2 |
0.280 | 55000 | 2 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online