It makes perfect sense to sell now and buy back BUT....
You would be missing out on probably the last chance to increase your holding of the goose that lays the golden egg at a $3 level.
We still aren't sure exactly how much "lower-grade" ore we have and what it will cost to dry screen it and I believe this is why the market hasn't worked this possible bonanza into the SP. The other thing is that the IO price seems to be on the rise which could improve the profitability of BCI dramatically.
It was just the other day that BCI was selling for $2.40 and today we saw $3.40 - I think by the time the full report comes out in March we will be past Chelk's long-term prediction of $4.50.
Still think it is a good idea to sell and buy back?
spp, page-3
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $692.2M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.0¢ | $19.86K | 81.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 831078 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 73168 | 2 |
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| Last trade - 15.56pm 22/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |