So why buy now??
I think Hone put it very well with his comment:
"For $120m BCI gets 25% of a well-run, highly profitable business. No learning curve, no start up costs, epa approvals, licences etc."
If BCI had said they need a capital raising for a new 2MTA venture would you invest??
If you still think BCI will drop back to under $3, then sell $15,000 at $3.23 and then buy back at the SPP rate (probably $3) but I think next year you will be kicking yourself the same way I am kicking myself for not buying more when they were $1.20.
valuation comparison, page-7
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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
| Last trade - 15.56pm 22/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |