directors & short-term investors selling?

It looks like the "Buy SPP, sell shares" folks are locking in their profits and selling today - but I can't think why?

I think BCI is one of the best investments around.


A different way of looking at it is:

6 Million tons and 120 Million shares means that each share "mines" 50 Kilograms per year.

50 kilograms might not sound like much but if you think that BCI grosses VERY roughly 5c per kg ($120-$45 x 75%).

So we have the "potential" of GROSSING $2.50(50kg x 5c) per share this year and for the next 7 years.

Unbelievable that BCI SP was $2.50 just a few weeks ago!!

Obviously, we don't get the full $2.50 as there are MANY deductions that come off first, repaying debt, accumulating capital, 30% company tax to mention a few....

But it still makes $3.70 seem a bargain and a warning that a short-term profit might be long-term loss.