I think that the last big step(from $2.50 to over $4) in the SP was due to a combination 3 things:
Higher IO price
BCI buying an extra 25%
More liquidity after Regent's exit
I believe the next big step up will come when BCI announces the exact size & quality of the resource - with a plan on what to do (or can be done) with the vast lower grade ore reserves.
This ann should come in either the Mar or Jun report.
_____
In the meantime it looks like the SP will just fluctuate with the general IO sentiment - along with BHP, RIO & FMG.
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I think that the last big step(from $2.50 to over $4) in the SP...
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24.5¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 117457 | 24.5¢ |
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Price($) | Vol. | No. |
---|---|---|
25.0¢ | 50173 | 3 |
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5 | 143333 | 0.240 |
11 | 254805 | 0.235 |
16 | 186207 | 0.230 |
5 | 219970 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 50173 | 3 |
0.255 | 293988 | 4 |
0.260 | 111765 | 4 |
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