Falling io price to encourage another bidder....???, page-11

Mac, I think you're spot on.

BCI share price has been slaughtered since they announced the IOH takeover and they will be looking to reassure investors of their strong financial position once the deal goes through, collect the income from Iron Valley, maintain a robust divvy and rebuild this share price before any talk of developing a new project.

I actually think BCI has become oversold now, under $2.50 is probably too cheap for this stock but I guess some fear still lingers around iron ore price and how low it could go...