BCI BC IRON LIMITED FPO 192,923 124,028,630 .15 (% short sold)
A few shorts understandably given the iron ore price weakness.
Markets often overshoot as we know and today seems to me to be an over reaction. A crystal ball would be nice for the IO price and the $A though.
I would have thought no net debt, Brazil upside, beneficiation upside at Nulllagine as well as new mining leases being granted would have stemmed the flow but alas, not to be.
On Foxtel business yesterday they said that the market was concerned with what BCI would be doing with all their free cash flow...!! What a problem to have.
BCI BC IRON LIMITED FPO 192,923 124,028,630 .15 (% short sold)A...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.8¢ | 22.0¢ | $13.51K | 60.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 156783 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1518 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |