Hi Squirrel, there are a couple of reasons BCI can't (or rather...

Hi Squirrel, there are a couple of reasons BCI can't (or rather shouldn't) do something like that. Firstly (and foremost) is they are probably getting close to needing to consider going concern, i.e. can they pay all debts as and when they fall due and payable. Investing surplus cash in riskier assets puts going concern considerations at additional risk as the value could fall at times when they might need to sell those assets to meet payments of creditors. Secondly, they don't really have a mandate from shareholders to do this, they are a junior iron ore producer, to deviate from their normal capital management to invest in different companies in different industries (using significant proportions of their liquid assets at a time when liquid assets are vital) should really be given the go ahead by their owners (the shareholders). If they had substantial surplus capital (like MGX, although their cash reserves are probably decreasing) this would be something they could consider more closely.