BDG - Bendigo Mining

[Dr Doom]

Some random notes -

The last qtr produced approx 10koz - can we assume at minimum they can produce 40koz per year at least?(if when they start to produce).
= 40k X 650 less 40k X 250 = $16mil cash per year min, (conservative figures for pog and costs).


Can/will they start producing by the time the cash runs out in 2008?

Looks like the geologist has been shown the door, and a 'don't come back' miners boot up the ar!e farewell :

Today looks like capitulation day, barring further pog 'corrections'. It appears all the facts are on the table now, so people can do the sums and decide whether this is still a promising major or a 50k per year junior.

You have to give them credit for one thing, and that's the excellent money raising skills, even duping some of the best in business.

We will have to wait for the 'ceasing to be substantial shareholder' notices in the weeks ahead to see who still shares the vision.

 

[Jrowl]

gee back at .305

I can't believe the managment screwed over existing shareholders with the offer of the SPP, if you got the maximum which was $5000 it's now worth $1906.25. Such a loss in just 30 days.

Whos holding and whos selling?

 

[Feng]

looks like it is breaking .29



Should have sold

 

[toc_bat]

i know nothing about bdg except todays trading,

anyone care to supply a one to three sentence synopsis of what this co had done in the last year? why all this heartache?

thanks

 

[Sean K]

Will be interesting to see if we have a dead cat bounce tomorrow morning. It might not fit the criteria (ie, the stock might actually be fair value at $0.30) but it's a normal trading pattern when things get smashed like this.

 

[SevenFX]

Should have sold

Who to Know... Don't beat yourself up over it.

 

[Sean K]

i know nothing about bdg except todays trading,

anyone care to supply a one to three sentence synopsis of what this co had done in the last year? why all this heartache?

thanks

They seem to have built a mine that doesn't have any gold in it. Just dirt.

Overestimated the grade basically. Back to school for the geologist.

 

[toc_bat]

Will be interesting to see if we have a dead cat bounce tomorrow morning. It might not fit the criteria (ie, the stock might actually be fair value at $0.30) but it's a normal trading pattern when things get smashed like this.

kennas,

the bounce today was pretty good, 25%, is it likely it may happen again?

i have no cash left so cant involve myself but am trying my hand at an amateurish study of bounces or picking lows,

cya

ps thanks for your summary of BDGs activities,

 

[nizar]

It might not fit the criteria (ie, the stock might actually be fair value at $0.30)

LOL i remember you saying this might have found a bottom at 70-80c because of the insto placement.

Let this be a lesson to every1: Once a dog, always a dog.

We are in a bullmarket, its not as if we are in shortage of winners, so try to buy stocks at all time highs, please, instead of catching the ones at all time lows, and then we can all make money and be happy

 

[Sean K]

kennas,

the bounce today was pretty good, 25%, is it likely it may happen again?

i have no cash left so cant involve myself but am trying my hand at an amateurish study of bounces or picking lows,

cya

ps thanks for your summary of BDGs activities,

Looks like it will finish at about the open, maybe $0.30.

TB, I think anything could happen. I would hate to take a guess. Might depend on what the papers say or analysts make of it overnight. I'm sure the ones responsible for picking it at $0.80 will be working all night to brief their bosses tomorrow am!

I have held on to the stock I bought today on open. I was hoping for a decent bounce today, but I was wrong. If my cunning plan falls apart tomorrow, then I'll sell it to fund my brain transplant.

 

[Sean K]

LOL i remember you saying this might have found a bottom at 70-80c because of the insto placement.

Thanks for reminding me mate.

I guess I had less info than the instos. I don't think BDGs geologist even knew anything about the company!

I'll start taking your advise and just buy things overbought.

 

[SevenFX]

Thanks for reminding me mate.

I guess I had less info than the instos. I don't think BDGs geologist even knew anything about the company!

I'll start taking your advise and just buy things overbought.

Salt In Wounds, Not Good Combination...

 

[Dr Doom]

......

We are in a bullmarket, its not as if we are in shortage of winners, so try to buy stocks at all time highs, please, instead of catching the ones at all time lows, and then we can all make money and be happy

nizar, not sure that's a winning formula either, same risks at all time highs as lows eg picking tops & bottoms. No skill in being lemming, but they all eventually drop of a cliff

The shows not over for BDG, it just might take a year to resolve. And it might not be a 500koz company, maybe a 50koz co. My guess is that there won't be any sp appreciation for some time as too many have been burnt, but some time and at some sp, BDG will be good value, it all depends on their future exploration prowess. Lets not forget there is gold there, and even economic to mine, it's just the quantity that is an unknown.

 

[Prospector]

I cashed in late last year (November) but kept a small bundle - never thought it would come to this Needless to say I gave up this morning and sold them all.

 

[rub92me]

If the shareprice drops any further I suggest they use the cash they have to buy back all the shares and start with a blank slate...

 

[spitrader1]

kennas,

the bounce today was pretty good, 25%, is it likely it may happen again?

i have no cash left so cant involve myself but am trying my hand at an amateurish study of bounces or picking lows,

cya

ps thanks for your summary of BDGs activities,

theres only one thing bottom pickers get.....smelly fingers.

 

[SevenFX]

theres only one thing bottom pickers get.....smelly fingers.

Crass Spitrader1.... In Bad Taste...

 

[toc_bat]

theres only one thing bottom pickers get.....smelly fingers.

hahahahaaa,

thats a good one

 

[reece55]

LOL Spittrader.......

Hadn't heard that one before....

I agree with Dr Doom here - whilst today did not yield a decent bounce, don't write this one off yet..... however it will take a long time for this one to gain some momentum...... too many investors have been burnt here..... I would expect it to trade sideways for some time now...... It will be interesting to see if those insto's who took the placement at 80 cents stay the course.... I would be betting they will cut and run.........

Cheers

 

[nizar]

nizar, not sure that's a winning formula either, same risks at all time highs as lows eg picking tops & bottoms. No skill in being lemming, but they all eventually drop of a cliff

Yeh??
Im pretty sure. My systemis built around this entry and I've done ok thus far. But of course, you could be right, and I probably just fluked it

Each to their own I guess.