BDG - Bendigo Mining

[The Mint Man]

yes much better, mabey people will/have started to open their eyes. Ive still got the SPP right in front of me

Interesting those big orders.... you might remember me saying (in post 190) that there were 1,179,556 waiting to be traded @ 0.770, however the other day, when BDG got some legs reaching $0.835, that order went missing from the market depth chart. I wonder if they decided buy at a higher price in fear of missing out?

 

[barney]

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)

Not the only share that this happened to today either .......... CEY coming back from a dive ............today after 4 o clock close ($2.84) finished off with over 1 million shares at $2.94 !!!!! 10 cents higher than the original close ...... guess who sold yesterday? (bugga) .......... not sure what these after hours spikes mean, but I hope BDG goes through the roof 2 morrow..... Good luck all, Barney.

 

[Dohes7]

What's everyones thoughts on a possibility of a takeover of BDG??

 

[Sean K]

What's everyones thoughts on a possibility of a takeover of BDG??

High probability. LHG paid $350m for BGF who have 3-4m ish oz au and BDG have 10m au and have just starting to mine. Market cap about the same. You'd have to add 30% ish on the sp for it to be any where near acceptable to the directors though, so maybe $450m, which would give it a price of about $1.05 which seems pretty cheap to me. It was $2.50 a few months ago. Perhaps a 40% premium would be more realistic. About $1.15. Only drama would be there are three large companies on the register holding 10% or more. Just have to convince them too.

 

[traderandy]

gold surged up overnight and look what's happened to BDG in the first 3 minutes!

I'm so glad I decided to hold (before the buyers came in late yesterday)

 

[Sean K]

Might be too early to really tell, but perhaps a bottom has been seen.

 

[SevenFX]

Morning K.

What will it take for this sucker to rapidily rise again, a great ann titled "BDG Takeover", or gold's rapid rise...????

Or do you think it will be a slow rise back to it's high if ever...???

 

[The Mint Man]

Could I be right in saying that the market wont let it go until this SPP closes on Friday?
I mean the SPP is for $0.80 per share and it dosnt seem to be able to get away from that ATM. So maybe it will start to run on Monday?

 

[Sean K]

Morning K.

What will it take for this sucker to rapidily rise again, a great ann titled "BDG Takeover", or gold's rapid rise...????

Or do you think it will be a slow rise back to it's high if ever...???

Takeover might help.

Gold confirmed uptrend. I think it is, but unexpected events could change that.

A good progress update on mining operations saying everything's on track might help.

And maybe an upgrade from a broker or four....

Could I be right in saying that the market wont let it go until this SPP closes on Friday?
I mean the SPP is for $0.80 per share and it dosnt seem to be able to get away from that ATM. So maybe it will start to run on Monday?

I agree, that after the SPP is sorted it will give the sp some more freedom

 

[YOUNG_TRADER]

Takeover might help.

Gold confirmed uptrend. I think it is, but unexpected events could change that.

A good progress update on mining operations saying everything's on track might help.

And maybe an upgrade from a broker or four....


I agree, that after the SPP is sorted it will give the sp some more freedom

Yep, yep, yep and Especially YEP to the SPP

 

[Profitseeker]

You would think that the company would have tried to make some announcements to push the price up to get the share placement taken up. I'm actually worried that the share price is now sitting at the issue price.

 

[Profitseeker]

and I just bought my $5000 at .79 What a joke.

 

[Profitseeker]

What the?

 

[britishcarfreak]

Not feeling too comfortable about BDG today - but I'm down about 5% across the board anyway. // bit worried about dropping through previous support. I may freak if it goes past 76c.

 

[The Mint Man]

I was going to take up the SPP but I am now going to buy through comsec by the end of today.
Profitseeker, My view is this.Dont freak! Everyone likes a bargain... if people buy below $0.80 they will feel like they have got one as they will be buying below the SPP.
So dont be too worried as it has been around this level for weeks now. If it makes you feel any better I bought in at $0.85 around 2 months ago when they were coming down and sure Ive lost a little but I feel they will be going back up soon. If that dosnt make you feel better then read back though some of kennas old post as he has previously taken a hit on BDG not so long ago and hes also back in. Now thats saying something.

cheers

 

[Profitseeker]

Me thinks that it could be an intresting close today.I'll be watching. My conspiracy theory is that JP Mongrels decreased their stake to keep the price below .80 so that their massive holding was not dilluted by the SPP (It has worked for me). These thoughts could have been influenced by the beers I had at lunch though.

 

[britishcarfreak]

What do you mean interesting close? What's gonna happen in your opinion?

 

[The Mint Man]

What do you mean interesting close? What's gonna happen in your opinion?

bit late to be asking that. hehe 3:59pm

 

[Ranger]

Has anyone got any thoughts on what might happen to BDG Monday?

 

[Sean K]

Has anyone got any thoughts on what might happen to BDG Monday?

Might go down a % in line with gold retreat. If gold opens up in Asia then it will probably go up. This is a possibility with news of Iran selling $US.

Pending any news from the Company, or broker reports......