M.B downgrade BCI as sell TP=$0.40, page-3

Hi
BCI could get a loss in the first time in this year and does not paid dividend. The current value is more than 90% (0.535 VS 5.5). Have you find any company have been shot down in that much in 3 or 4 months without the loss announcement. PDN, NCM, QAN had no dividends for years and years and always negative in the last few years. Their stock was not bad as BCI.
The day before they predict IO will be $85 in 2015. Other day will be $55. Check the history 2007 IO was $36.33 while BCI on 24/12/2007 was 1.53 – today IO was over $68 and BCI in 0.535. BCI will cope with the down trend of IO until they get back to break-even or little profit.