This company probably could have survived another 6 months...

First 78 Last

Share
Profile

Follow
rolf2903

3,952 Posts.

80

06/09/18

16:49

Post #: 35451711
Share

Originally posted by Soothsayer ↑

I dont disagree... but have a look at the chart, it is a well orchestrated play... obviously after the announcement there were a few days of profit gains... just prior to the announcement of the CR the SP was pumped back to hit 7's... you can see this clearly... even the course of trades shows the attempt to hold the SP up with small buys... the buy side is not as strong as one would hope for IMO considering the potential here... and again the timing all seems perfect considering bank balance and the need of a CR... hopefully you guys wont cop a heap of dilution.

Not saying the future here isn't going to be bright and show growth... but as mentioned Im just a little dubious for the time being... a few of these indicators in the last week show me the game play at hand... time will tell... Im watching and seeing how this pans out, if revenue is locked in and more contracts come to play in the short term I will be happy to start loading up... wont even mind if its at a higher price, would rather the reassurance that revenue is increasing. that is all Im saying...
Have a look at the last weeks action on the chart, check out the small buys in the course of trades... notice the thin buy side... any way... let time and the market do the talking... hopefully my initial instinct here is far of track..

View attachment 1278693

Expand

This company probably could have survived another 6 months without raising if they needed to. And almost all companies will take the opportunity to raise capital on the back of good news if they will need cash in the next 6-12 months. Your comments are making it seem like they pulled out an announcement with $1 left in the bank.

BCT Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 3 more messages in this thread...

First 78 Last

Add BCT (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $4.737M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

BCT (ASX) Chart

Day chart unavailable

This company probably could have survived another 6 months...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024