With respect, AGO have poor fundamentals and always have. They have a billion shares on offer because they spent too much money, thereby having to raise equity, to prove up hundreds of millions of tonnes of resource which they will most likely never get to market because they have always lacked a transport plan of the required scale. Even with a transport plan now, it will be too capitall intensive to fund from cash flow and few if any will want to lend them the money. Too risky.
BCI has been de-risked and is a proven, low(ish) cost, low risk money spinner.
If they get the growth plan right, look out.
...and Tony will win on Saturday so the carbon and minng taxes should go.
More positive news!!!
...and SP is up today.
With respect, AGO have poor fundamentals and always have. They...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 176953 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |