BCI 2.22% 22.0¢ bci minerals limited

Firstly great quarterly out today.Just wanted to get some of...

  1. 416 Posts.
    lightbulb Created with Sketch. 11
    Firstly great quarterly out today.

    Just wanted to get some of your views and opinions on the below.

    With regards the current capping and speculation on here about a potential TO bid I am hoping the capping is going to be a complete waste of time.

    if a bid of 30 to 40% above the 30 day moving average SP were to come in next week I would hope that

    1) BCI would not recommend it as they know the true value (potential)of the company
    2) Other major shareholders not involved in the TO bid also know the potential value of the company and would not vote for it
    3) Any independant report conducted by an expert would be significantly above the bid value

    So what is the point in capping the Share price? Is it simply to keep BCI off the radar?


    cheers

    BM
 
watchlist Created with Sketch. Add BCI (ASX) to my watchlist
(20min delay)
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
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
BCI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.