The Iron ore price has hit a 2 year low, stocks just gone ex divi, the market is a forward looking beast.
BCI still has some buffer regarding the spot price, but you can understand the nerves of the market can you not?
It's a bit of a perfect storm in terms of share price depreciation.
If you are a buoyant regarding Iron ore's fortunes this may represent value, but for me it's a bet on the strength of the Chinese Economy, in the face of increased supply from the majors.
The squeeze is on.
Mootley Fool.. iron ore, page-7
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.8¢ | $10.21K | 42.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36666 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 55733 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |