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BDC - Bardoc Gold

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HelloU said:
bump
getting legs ......
(disclaimer - it is proven I know nothing but my head says some more data in maybe sept, pfs by xmas, so ups and downs i guess through all that)
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wake up mate .... will start earlier than that I reckon (lol)
 
Seems to be a bit of Gold in them there hills, but the kitty might need some replenishment soon
 
Thanks for th
HelloU said:
them thar hills .... PM sent
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Thanks for the heads up "H" ………

My earlier inference that their kitty may need some milk is actually incorrect so for the point of accuracy:-

Copied from the fine print in the June Quarterly:

* During the quarter the company invested surplus cash funds of $6,400,000 with Assetline Capital Pty Ltd (“Assetline”). Assetline provides short-term funding for high quality property-backed transactions. The investment of $6,400,000 attracts an interest rate of 6.5% payable monthly in arrears. The Company plans to withdraw the capital as required to meet its ongoing exploration and working capital commitments

So the lads are actually in pretty good shape financially … that gives a lot more weight to the recent price action

Note to self … read the cooking instructions before turning on the oven
 
OFF TOPIC

funny you say that, cos at that jelly moment I did seek confirmation from my dog - but the dog was busy chasing the cat, and that meant I had to turn elsewhere for the answer.
 
HelloU said:
OFF TOPIC

funny you say that, cos at that jelly moment I did seek confirmation from my dog - but the dog was busy chasing the cat, and that meant I had to turn elsewhere for the answer.
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OT for barns
soz, typed it all too quick ... and missed the best bit ...
the dog chased the cat which ran through the milk bowl sending it flying ......... you just gotta laugh, cos if you don't laugh you will just cry........
 
HelloU said:
deep breath and puuuush.
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Well pushed. The boys purchased another Gold Mine cheaply (Mon ann) Opened higher today.

Key Points: • Historical mine production of 26,535t at 23.5g/t for 20,008 ounces. • No exploration drilling in over 30 years. • Consideration for the tenement acquisition is $60k (cash) and 3M 20c share options. • Further strengthens Bardoc’s strategic footprint in the North Kalgoorlie district.
 
Trading Halt for CR
lol
you may have gifts even greater than you realise barney.
Strangely this came up last night as something to sell today due to reversal ..... I now understand why (and who) jumped out over the last few days.
The cycle of life continues.
 
HelloU said:
Trading Halt for CR
I now understand why (and who) jumped out over the last few days.
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The dreaded Cap Raise … they must need more than the $6 million they have with Asset Capital

Last 10 day vwap is high …. Wonder what the CR price will be ..... have to be at least 10 cents surely .... Any higher would be a bonus but I reckon 10

Chart did throw up a reversal signal as you said ...... Annoying for anyone who bought that break above 12 cents

 
barney said:
The dreaded Cap Raise … they must need more than the $6 million they have with Asset Capital
Click to expand...

If they are going to do a cap raise, now is the time with the share price where it is. Five months ago their share price was hovering just above 4c, now its above 10c.

The big question is how much are they raising and how many new shares will they be issuing and at what price?
 

Yeah agree Greg …… I just hope they don't offer shares at too much less than 10 cents because that could make the last couple of months price action look a bit fabricated …..

If the CR is offered at 8.5 for example I'd definitely be checking the track record of the current Directors to see whether they drive fast cars and/or own leaky boats ....

I'm probably just being a bit paranoid of course as at this stage nothing untoward has surfaced .… I just like to see transparency in Board members and treat everything at this end of the market with a spoonful of skepticism just in case …..

Who knows they may raise at 11 cents and I will be the first one to say well done and eat humble pie

Fortunately I have a very good recipe for humble pie … lol
 
Bardoc has been quiet recently. Figure January is a good time for them to rattle the cans, make a noise and boost the flagging share price. Not that they have a done a lot recently and are currently mostly interested in their feasibility study (due for completion 1Q), they may want to make some announcements in the new year. Thus, could be a good pick for the January comp.
 
Well they didn't do as well I had hoped in January so maybe April is a better month for them and for gold in general.

While not a lot of news Bardoc did recently release it's pre-feasibilty study on their proposed gold mining operation in the Kalgoorlie. All-In Sustaining Costs (AISC) of A$1,220/oz were given in this, making it a profitable operation.

The full PFS is available https://www.asx.com.au/asxpdf/20200317/pdf/44g44ds8d5jlys.pdf
 
Spotted this in the "Fitzgerald Report" last week and looks like they are into interesting dirt. Sorry to others following this and selecting it as had not realised till linking here after posting my selection.

Chart suits me also.

 
Not here to blow any trumpet but think it well worth posting this from management showing the future potential of this junior gold digger. Of course our very high Australian gold price is going to be reflected in such stock profits enormously if it holds and indications in that itself are promising.

From the Chief Executive:

"Bardoc Gold is well on the way to building a substantial long-term gold business in WA’s Eastern Goldfields based on the 3.02Moz Bardoc Gold Project, north of Kalgoorlie. The company delivered an outstanding Pre-Feasibility Study in March, confirming the potential to develop a significant new long-life, mid-tier Australian gold project, with forecast average production of 135,000ozpa at an all-in sustaining cost of A$1,220/oz over an initial 8-year mine life. With the foundations for a successful project development now in place, Bardoc's focus is now on optimising the project in terms of Ore Reserves, mining inventory, production levels, operating costs and financial returns in order to deliver the best possible return to shareholders. "

mail.google.com/mail/u/0/#inbox/FMfcgxwHNDCsVRVKZbnxKHZdrNPZtSGh
 
Initial position taken today. Intention is to hold until well into production, if management follow through with their milestones.
 
Here I am pushing BDC again, some people might think I own shares in it or something..... Anyway, it's my pick for January. Why? Simple answer:
BDC has over 3m ounces of gold in Western Australia, $30m cash in the bank. Announced mid-december they announced a binding offtake with Swiss company MRI Group (the world’s biggest trader of non-ferrous concentrates on a non-producer basis). Price has been climbing since the announcement, I am hoping it continues in January.
 
Well they didn't do as well as I thought in Jan as per the post above but Bardoc were sitting high 8's at the end of Jan/early Feb. A quiet Feb has seen the share price fall to the low 7's. To me that's not a bad entry price for this company.

Now onto March and what do we have? Well other then a possible reverse of fortunes with the SP rising again to it's high 8's, we also have the promise of the DFS to be released in March. This will be big for BDC's fortunes as it starts the process to actual mining of that large gold resource (>3Moz) they sit on to which they believe will produce 135K oz of gold per annum.

The plan is for construction to start before the end of this year and the DFS in March is the start of this.

It's my pick for March.
 
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