I agree Lara. This looks like a dud deal for existing BCI holders. How are they going to fund the A$744m in upfront capex on Buckland? An equity raise at current prices will be highly dilutive to existing shareholders. Management are really backing a sustained rebound in Fe prices to well north of $100, to support an equity raise at a much higher share price ... On my basic numbers BCI cannot afford to raise equity below $2.50/share, without it becoming heavily dilutionary.
I agree Lara. This looks like a dud deal for existing BCI...
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Last
22.0¢ |
Change
-0.005(2.22%) |
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¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |