I would be very disappointed to be taken at $4.
It would mean an good profit but that is not the point. A TO has to reflect the current value of the company.
It was valued at about $4 in May 2011. Production had just started at a low rate and the haul road was not completed. The venture was not proven at the now established delivery rates. And I suspect the valuation was conservative, high enough to topple the $3.30 TO bid.
And do not forget BCI may have a 20 year mine life proven next year as well as the possibility of more finds.
At $4 it would be a steal. Current prices are manipulated and nowhere near reflect true value.
Pat
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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($) | Vol. | No. |
---|---|---|
24.5¢ | 73168 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 831078 | 0.240 |
9 | 188365 | 0.235 |
14 | 495645 | 0.230 |
6 | 342763 | 0.225 |
18 | 480990 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 73168 | 2 |
0.250 | 200646 | 4 |
0.255 | 200721 | 5 |
0.260 | 174986 | 6 |
0.265 | 40000 | 1 |
Last trade - 15.56pm 22/07/2024 (20 minute delay) ? |
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