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
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $879.7M |
Open | High | Low | Value | Volume |
30.0¢ | 30.5¢ | 29.0¢ | $221.7K | 751.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 994 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 420271 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 994 | 0.300 |
2 | 42430 | 0.295 |
3 | 143440 | 0.290 |
10 | 93685 | 0.285 |
31 | 258558 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 420271 | 8 |
0.310 | 90942 | 4 |
0.315 | 111781 | 4 |
0.320 | 299391 | 11 |
0.325 | 55000 | 2 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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