Its only going to benefit BCI. Mike Young will have to come up with that cash to exercise the options to begin with. This cash goes to the company. The more shares the directors hold the better as any future take over is hard to accomplish unless the directors agree. We cannot be taken over with a hostile bid.
Mike Young has to have the confidence to exercise the options and he must be comfortable with a strike price of $1.85 and $2. BCI is going to do great things IMO before the years end. The first of those great things will be getting that binding agreement secured. Look at the company they will be riding on..its FMG! You cant get a better company to piggy back off.
new iron age may fund gold mine, page-5
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Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $879.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 30.5¢ | $88.99K | 287.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128532 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 40000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| BCI (ASX) Chart |