My concern is that it is being now widely said by many market analaysts that IO prices could well go down to the $40/ton level......If that is the case then BCI shares imo could drop to say 20c / share or even lower. I think now is the time for BCI to put all their project on hold and in maintenance mode for now so as to conserve funds/cash flows for now and just wait it out for at least 6 months for the IO market to sought itself out. This could be considered by some here as a bold move and inappropriate, but I strongly believe it is one which in the long term could lead the company to survive these uncertain times.
IO Futures says bottom, page-9
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $807.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.8¢ | 26.5¢ | $682.8K | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 117263 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 12348 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BCI (ASX) Chart |