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BDG - Bendigo Mining

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CFD's only so nothing major, small deposit of $3k with GSL

Its just dissapointing as this company has so much potential, a company with actual mining skills should take over! LHG cough cough
 
ATM its cheaper buying BDG on market, at least ROC is trading at a 40c premium to its 3 for 8 offer, I was hoping BDG would at least hold at 85c to offer any incentive to take part in the offer.

Personally I have enough BDG , silly me!.
 
Profitseeker said:
Is anyone going to take up the share offer?
Click to expand...


I will be definitely watching the share price up to the December 8 closing date. But for me to buy they are going to have to rise considerable.
 
Ranger said:
I will be definitely watching the share price up to the December 8 closing date.
Click to expand...
:iagree:
was going to buy up at $0.77 yesterday but decided to wait and see what happens... Ive got the SPP sitting here for $0.80, with no brokerage thats $0.77 anyway.
Sitting waiting.
 
well were off a couple of % today.... seems that some shareholders cant take the hard words in the first 2 or so pages of the AGM ann.
However If you look past that you will find several up sides, even more so if your looking at holding for the longer term.
One comment in particular, by Peter McCarthy stood out to me:
The Global resource position/Global gold mines graph on page 13 also backs this up, you can clearly see that it has a decent gold grade and Resource size compared to the majority of other gold mines.
With all the takeover action of late who knows? we could see some action.

I also think this comment is important:
7000m/52 = 134m on average per week sounds ok to me.

here is a link to the AGM ann if your interested http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00670739 However the ASX does seem to be having some problems ATM so it might be better to view it through your brokers site, plus the ann on the ASX has been copied so its a bitch to read compared to comsec etc.

Anyway I will continue to hold and at these prices will most likely buy more before the new year.

cheers

EDIT: do your research :
 
I find it incredibly intriguing that Barrick has been specifically mentioned. I think this company is going to be taken over in the near future and I want to be on it when that occurs. Might be time to get in there now and not wait for more stability in the price and an upward trend identified. Hhhhmmm.
 
I'm back in now. Not many for a start and will see how it goes. I have a feeling that this is around bottom and will be buying it on the way up as it goes through resistance levels I think. Will also watch vol closely for anything unusual.
 
:iagree:
And welcome back kennas.... my only regret about getting to BDG is that I didnt wait until now to buy at a cheaper price however having said that I belive they are at a bottom now and will make back what (little) I have lost to date. As I have said I also have the SPP sitting here ready to go if need be
Its funny you mention the volume kennas as I was just checking the market depth... nothings different today, more peole willing to buy then sell however have a look at the buy orders @ $0.77 (if it reaches that again):
Number Quantity Price
30 1,179,556 0.770
thats the strongest buy order I have seen over the last couple of weeks. what do you's recon? people starting to see the bargain I speak of.
 

Howdy K and others, I first noticed BDG back in Oct when it dived to $1 ..... I agree with what you lads are saying (and I have bought in as well) .... The trend is still down, but there has been a good tussle between the buyers/sellers over the last couple of days. I reckon once the last of the desperate sellers have had enough (could be a bit longer yet) then the sp only has one way to go. There is too much potential imo (unless the mine caves in!!!) We will all be accused of being bottom pickers, but as they say in the classics ... "no guts no glory" ........ Once they upgrade their "lost" resources which caused the sp dive; And the company say they are confident of doing this, who knows where this might get to ..... Good luck to ya's all (and me too .... geez I need some)

How much lower can it go??? Its not like its a shabby spec stock!! Cheers, Barney.
 

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barney said:
How much lower can it go??? Its not like its a shabby spec stock!! Cheers, Barney.
Click to expand...

Agree it certainly not a shabby stock, even thought some aren't in favour of current management....

Guess the question was being asked all the way down "how much Lower can it go"...???? which not many thinks it will fall further, as there seems to be more of a chance it will turn up, than further down.

IF it falls further perhaps .71c would be a 2 year support, or worse still .58c being a 2/6/11 year support... which is not likely at all.

Cheers
SevenFX
 
yes you beat me to it....
market generally down and I thought BDG was going to follow (like it did last monday) as it opened at $0.795 and got down to $0.79, however it has proven me wrong didnt take long fo it to reach $0.81 with a current high of $0.815...... with good Volume too
heres its history over the last week (from ASX site):
.....Date ........Last High Low .....Vol *
27 Nov 2006 .0.800 0.805 0.785 ...3,447,620
24 Nov 2006 .0.790 0.800 0.780 ...1,781,233
23 Nov 2006 .0.775 0.805 0.775 ...2,954,338
22 Nov 2006 .0.800 0.800 0.770 ...4,142,429
21 Nov 2006 .0.770 0.785 0.770 ...3,744,369

and todays so far:
Stock Bid $ Offer $ Last $ Change % Open $ High $ Low $ Volume
BDG 0.815 0.820 0.815 0.015 1.88 0.795 0.815 0.790 1,107,153

All this in the first hour!!!

Looking good ATM
 
Couldnt even finish writing my last message before it leaped to $0.83...hehe
For those people sitting on the sidelines on this one... might be time to jump in.
Hey kennas, by my calculations you have already made about 8%.
Glad you got on?

EDIT: sorry for my excitement but this has all happened in the first hour of a day when the market is down about 60 points whith the likes of LHG, NCM etc.. all down too, anyway Ill try to calm down now.

cheers
 
The Mint Man said:
Couldnt even finish writing my last message before it leaped to $0.83...hehe
For those people sitting on the sidelines on this one... might be time to jump in.
Hey kennas, by my calculations you have already made about 8%.
Glad you got on?
Click to expand...
Yes, mate, but I'm not counting my chicken yet. There'll be a bit of resistance at $1.00. Good start to the day though.
 
hey guys,
Can anyone tell me why they had a sudden jump at the end of today?
up 3.7% upon close.
They were around the $0.80 mark all day and I was expecting it to end like that (like it has been lately) but it closed at $0.825, its highest close for a while now. I belive this all happened in the last 1/2 hour of today.
They also had an increased VOL, that reached 11,029,251 (going off comsec)which is its highest Vol for a while now..... well since it was having a sell off I belive.
Any idea why the sudden increase in price and Volume? was there a big buy at the end of the day?

From Comsec:
BDG close 0.825 0.030 3.77% 11,029,251

cheers
 
I can see one big crossed transaction of 1.3 million shares @ 0.794. Lots of smallish transactions at the adjust stage (2-40,000) @ 0.825.
 
One buyer came in at about 4.08pm with a bid of 1.2mil @ .85c which took out all the sellers. Could be finally up from here!! (Fingers crossed)
 
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