If they institute a buy back when they are probably making losses on every tonne of ore shipped, then they are taking a huge gamble that the price of iron will increase... quickly. If it does, the company benefits, but on the flip side; less capital in the face of continued sustained falls in the iron ore price due to share buy backs will increase the risk of this business actually going bust, or having to raise capital at even lower prices than what they had bought shares back for.
I concur with others who have suggested that at the moment, this is nothing more than a punt on the iron ore price. Don't look at past dividends as signposts for the future. Those were paid out when the price of iron was much much higher and when they were making profits for everyone tonne they shipped. This is not the case at the moment.
DYOR
- Forums
- ASX - By Stock
- BCI
- How many percentage will drop?
How many percentage will drop?, page-115
-
- There are more pages in this discussion • 127 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
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
Add BCI (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $721.1M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 25.0¢ | $50.05K | 200.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 28921 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 63099 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 28921 | 0.245 |
8 | 186920 | 0.240 |
9 | 192965 | 0.235 |
18 | 260786 | 0.230 |
5 | 306888 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 63099 | 2 |
0.255 | 50000 | 1 |
0.260 | 506818 | 5 |
0.265 | 196000 | 4 |
0.275 | 19000 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
BCI (ASX) Chart |