Goarmy, I think that the general consensus is that $6m for 5% was a risky investment but didn't break the bank. $120M for 100% would break the bank and what exactly would we get in return?
I sincerely hope they aren't thinking on these lines as then they will be like my teenage daughter who just has to spend any money that comes her way :-)
I doubt very much if MY would blow the stash on one purchase like that - especially after reassuring us that they are being VERY careful (looking at many possible investments) and clearly stating his priorities:
1) Consolidate BCI
2) Look for local(Pilbara) acquisitions
3) Expand into Brazil
If it was up to ME (yeah right), I wouldn't just ramp up to 6MT, I would double up and try and make as much money as possible in the next 2 years because there are some huge IO mines coming online (Roy) in the next couple of years which will increase supply dramatically.
Unless there is an equal increase in demand, this will probably drive prices down together resulting in much lower profits/dividends....
- Forums
- ASX - By Stock
- BCI
- good time to
good time to , page-2
-
- There are more pages in this discussion • 6 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
|
|||||
Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 24.0¢ | $861.7K | 3.481M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 117457 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 50173 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 117457 | 0.245 |
5 | 143333 | 0.240 |
11 | 254805 | 0.235 |
16 | 186207 | 0.230 |
5 | 219970 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 50173 | 3 |
0.255 | 293988 | 4 |
0.260 | 111765 | 4 |
0.265 | 40000 | 1 |
0.275 | 43900 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online