CHART: very bad price action today and y'day. Broke down completely latest gains and charts are dangerosuly almost are back into bear territory.
IO price: RIO and BHP finally confirmed that they want to get rid of ALL possible competition in IO market. And when IO price falls to $60 then even BCI will go below own costs. May be RIO and BHP (and by then FMG) will cut production to boost IO price but by then many miners will be out of business for good.
A like BCI and their fundamentals but if IO price keeps falling all those good books will be soon be wiped out of cash.
BTW: I read recently a report that states that BCI costs / t are in $65-$68 range, not like many charts say $80.
CHART: very bad price action today and y'day. Broke down...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $721.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $280.5K | 1.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 50948 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 121770 | 6 |
View Market Depth
| Last trade - 13.09pm 17/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |