I'm well aware of BCI. At one time I held equal share of both. Having bought in the GFC days, and picked up some BCI for 30c (to average down!)
I had IFE too.
I felt BCI had given away too much to FMG (50/50) whilst IFE were innovating and keeping the whole project.
Few years later BCI are exporting 6Mtpa, have a low cost base, and own 75% of the project.
I accumulated more IFE and sold out of BCI.
Not the best decision ever made....
Anyway topic more related to IFE thread.
TRF wise though, IFE producing even a few mill profit (say 10) would be great as TRF have a free carry 20% and get some funding from that to really unlock the other projects.
I still hope I might the right decision.
Still a ratio of 45:1 (based on BCI SP around $3.60 and IFE at 8c) triggered me to sell the last of my BCI and move a little more into IFE....
I believe IFE can still unlock the project and become a producer. 8c is crazy, and doesn't factor in any positives.
TRF Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
