BDG - Bendigo Mining
- Thread starter Profitseeker
- Start date
-
- Tags
- bdg bendigo mining
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,287
- Reactions
- 11,544
Trading Halt. 
I think I'm going to become a little poorer shortly.
Or, takeover!!!!!!!!!!!!!!!!!!!!!!
Maybe nothing.........
I think I'm going to become a little poorer shortly.Or, takeover!!!!!!!!!!!!!!!!!!!!!!
Maybe nothing.........
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,287
- Reactions
- 11,544
I'm thinking worst case here fma. Perhaps another set of bad numbers!fma007 said:I'm very nervous on this one.
Didn't an article last week say that they were going to publish production reports early or something?
- Joined
- 10 February 2006
- Posts
- 456
- Reactions
- 153
Damn, there goes my morning star theory
Well, let's hope something positive transpires. Even the law of probabilities (that's what I'm banking on now) says we are about due for some positive news.
Well, let's hope something positive transpires. Even the law of probabilities (that's what I'm banking on now) says we are about due for some positive news.
- Joined
- 7 May 2006
- Posts
- 1,051
- Reactions
- 0
Hmmm, sit back and see what happens. No use worrying about it, what will that do?
Hopefully some good news, if not then sell.
cheers
Hopefully some good news, if not then sell.
cheers
- Joined
- 7 May 2006
- Posts
- 1,051
- Reactions
- 0
I was hoping that you would work out that that was a silly question before I had to point it out to you...
I say this as when you asked yesterday the price was $0.725, for anyone to be in profit you would have bought into BDG around 2 years ago And anyone that bought 2 years ago should have sold out when it was $2.60.
how do you make any profit? considering you seem to sell as soon as youve lost a few bucks.
cheers
I say this as when you asked yesterday the price was $0.725, for anyone to be in profit you would have bought into BDG around 2 years ago
And anyone that bought 2 years ago should have sold out when it was $2.60.how do you make any profit? considering you seem to sell as soon as youve lost a few bucks.
cheers
- Joined
- 14 October 2006
- Posts
- 26
- Reactions
- 0
This looks bad...
They were saying in Oct in an open briefing that they expected to hit higher grade ore in Nov-Dec. Why would they halt trading in securities to tell us what they expected to happen came to pass?
The continuous disclosure rules require all material information be published, so it could indeed be a positive announcement. But given recent history I'm not terribly confident.
Thankfully I sold half @ $2.40 after an initial buy price of 80 cents, but then bought back in at around $1.60. So overall I'm pretty much square, but this latest ann could send me into the red...
Anyway that's my 2 cents. Good luck everyone!! Say your prayers
They were saying in Oct in an open briefing that they expected to hit higher grade ore in Nov-Dec. Why would they halt trading in securities to tell us what they expected to happen came to pass?
The continuous disclosure rules require all material information be published, so it could indeed be a positive announcement. But given recent history I'm not terribly confident.
Thankfully I sold half @ $2.40 after an initial buy price of 80 cents, but then bought back in at around $1.60. So overall I'm pretty much square, but this latest ann could send me into the red...
Anyway that's my 2 cents. Good luck everyone!! Say your prayers
- Joined
- 25 May 2006
- Posts
- 851
- Reactions
- 2
I wish you guys all the best with the news, and hope it's positive for all holders. Unfortunately, I sold out a couple of days ago @ .775. This stock has cost me a fortune to hold, and always disappointed.
The fact that I don't hold anymore suggests the news will be a bottler!
The fact that I don't hold anymore suggests the news will be a bottler!
- Joined
- 25 July 2006
- Posts
- 987
- Reactions
- 0
Jrowl said:
BDG Management were quite clear in their halt request they expected to be in a position to announce shortly and by Tuesday at the latest. Plain and simple.
The halt could be related to the Eaglehawk decline or management getting canned
with them finally admitting they cant organize a fart in a trance, let alone dig a hole and shift some dirt. Maybe their flop of a SPP left them short on cash and they need to issue some more at 50c lol, to entice some new punters .All in all if BDG post any sort of announcement that reflects badly on their mining at Kangaroo Flats, market confidence in them will be shot! and they will struggle to recover/short term.
Personally I hope some other outfit like Barrick or the like, swallows them up purely for their reserves...... hmmmmmm, better not be a 'Reserves' related announcement
.
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
YOUNG_TRADER said:Stopped out at 74c on CFD's about $2500 loss
But then its one of my first losses in awhile so
But then when I was choosing which CFD to go after I picked between BDG and PEM(@$3) so
What a dog!
fma007 said:
Woof Woof!
- Joined
- 30 January 2005
- Posts
- 374
- Reactions
- 1
They generally aren't.
FYI
http://www.theage.com.au/news/busin...bn-door-for-bhp/2007/01/05/1167777281063.html
■ Nervous days are ahead for the 260 workers at the Bendigo gold project. Shares in the project owner, Bendigo Mining, were yesterday placed in a trading halt pending an announcement early next week.
That announcement is expected to cover the group's reaction to the project failing, initially at least, to meet ore tonnage and gold grade expectations. Job losses among the workforce as well as at the board level are expected as the group takes a more cautious approach.
Bendigo Mining shares last traded at a 26-month low of 73.5 ¢ a share.
Market speculation before the trading halt was that Bendigo's chairman since last January, prominent mining consultant Peter McCarthy, and the group's managing director of 11 years, Doug Buerger, were ready to step down. The company would not comment at the time. Next week's announcement will include an early release of the group's December-quarter production report.
http://www.theage.com.au/news/busin...bn-door-for-bhp/2007/01/05/1167777281063.html
■ Nervous days are ahead for the 260 workers at the Bendigo gold project. Shares in the project owner, Bendigo Mining, were yesterday placed in a trading halt pending an announcement early next week.
That announcement is expected to cover the group's reaction to the project failing, initially at least, to meet ore tonnage and gold grade expectations. Job losses among the workforce as well as at the board level are expected as the group takes a more cautious approach.
Bendigo Mining shares last traded at a 26-month low of 73.5 ¢ a share.
Market speculation before the trading halt was that Bendigo's chairman since last January, prominent mining consultant Peter McCarthy, and the group's managing director of 11 years, Doug Buerger, were ready to step down. The company would not comment at the time. Next week's announcement will include an early release of the group's December-quarter production report.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,287
- Reactions
- 11,544
Hi Feng,Feng said:
I'd be very surprised if this report was not the truth. BDG holders (like me) will be feeling some pain when this ann is released I imagine. However, I am also looking to an opportunity to take advantage of any overreation in the market. The sp could be absolutely smashed if there is some bad results, and what are they going to be? That they only have 5 m oz instead of 11? Hmmm, I am looking at cashing in on any knee jerk reaction here. I am a holder of BDG (buy at around $0.80) but see this as an opportunity. The entire logistic network and worforce is set up and operating. Are they going to just halt it? Or, will administrators come in and close it down? I am going to watch this very closely and also the ann to see what might lay ahead. There are opperating mines around Australia with far less than 5 m oz and opperating efficiently......we'll see.
At the same time, everyone needs to evaluate the situ and make their own call. There are some great trading opportunities out there and our cash in BDG might be best spent elsewhere...
All the best.
- Joined
- 25 July 2006
- Posts
- 987
- Reactions
- 0
I am not a happy camper, not at all!. This is the first real monkey Ive been holding for 06/07, ahhh.....the pain .
.
