They have a long term (8 years from memory) contract to supply Henghou Industries 20m T of ore at a discount rate. This was struck as part of a deal where Henghou provided capital (A$40-50M from memory) on favourable terms to BCI so as to secure supply of the ore. This allowed BCI some finance breathing room by not having to go to the banks or issue additional equity.
If you do your homework it is all in the public domain to access, read and understand. Just look up all of the ASX announcements and you will find all of the pieces to the puzzle.
I am amazed at the lack of understanding on this forum in relation to recent events. It seems investors or punters are prepared to back something just because it seems cheap historically. That is no way to analyse how to invest your money, it is guessing.
Beware trying to catch a falling knife.
Sorry if I have upset anyone.
They have a long term (8 years from memory) contract to supply...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.8¢ | 22.0¢ | $13.51K | 60.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 156783 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1518 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |