Am I missing something?
How is BCI spending $150mil when its a script offer (costing you NOTHING) and 10 cent per IOH share where the cash comes from "IOH" cash holding of $50mil. All IOH shares equate to $16mil (160mil shares @ $0.10ps).
So after the deal, BCI will have an extra 70.4 mil shares (I understand this dilutes current BCI share holdings) PLUS an extra $34mil cash ($50mil-$16mil) plus revenue from Iron Valley (at no capital cost) plus lots of ore!!!
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22.0¢ |
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Mkt cap ! $634.5M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 176953 | 22.0¢ |
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Price($) | Vol. | No. |
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22.5¢ | 40304 | 1 |
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12 | 176953 | 0.220 |
8 | 604801 | 0.215 |
4 | 171432 | 0.210 |
4 | 296692 | 0.205 |
6 | 121650 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 40304 | 1 |
0.230 | 50000 | 1 |
0.235 | 166267 | 7 |
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0.245 | 276416 | 9 |
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