BCI 3.39% 28.5¢ bci minerals limited

Need to Watch, page-53

  1. 529 Posts.
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    Hmmmm... Looks like this has become a bit of a guessing game - how much further will it fall - will it be taken over - etc etc.

    My guess is a takeover at somewhere between 30 and 35 cents. The nearly standard 40% premium would probably be applied is which would mean a potential buyer would pay under 100M. It would have been unthinkable only a few months ago and would be a big asset for that price but there is such a lot of pessimism in the marketplace generally that I think it's possible. A lot of shareholders will lose money if that's the case.
 
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