BDG - Bendigo Mining

[SevenFX]

If this was my wife, I would have filed for divorce some time back, nor matter what she said was going to happen in the future or what great qualities she had...

Only Kidding, I prob give here a second & third chance : , but not for this share.

No Emmotion, Just Profit.

Trade What You SEE, Not what you FEEL. RIGHT...???

but I think it will be hard for old time holders to let go psychologically, as is seen in this thread already. .

Let's hope they're don't slowly fall any further or worse still have more anns like the last.

On the upside this could be a attractive takeover at current sp, or positive anns must be getting closer by now.

 

[SevenFX]

fair enough, but
1. I see decent figures and a chance at a very good profit.
2. I feel your fear but I do it anyway (see your sig) :

cheers

Are you still seeing decent figures Mint Man...???

My quip/sig is not related to the sharemarket, though you may have mistaken it to be.... and did it anyway.

 

[Alex_in_Oz]

Mate you SHOULD do some research before POSTING....Sons of Gwalia...had a HEDGE problem..NOT A RESERVE problem my friend thats what killed the company...see SBM its All there in black and white....as far as BDG....they have VERY little gold indeed whereby...the Sons of Gwalia reserves are indeed proving to be so...do your research first as what you posted is incorect.....

LISTEN CLOWN! I SAID THEY HAD A PROBLEM WITH THEIR FORWARD CONTRACTS! THEY DIDN'T HAVE ENOUGH GOLD IN THE GROUND AS WELL.
Or can't you read yourself?

 

[Sean K]

LISTEN CLOWN! I SAID THEY HAD A PROBLEM WITH THEIR FORWARD CONTRACTS! THEY DIDN'T HAVE ENOUGH GOLD IN THE GROUND AS WELL.
Or can't you read yourself?

Alex, I understand your angst but no personal insults please. You did mention questionale reserves in you post, but also the hedging.

So, to get it right, did SGW have questionable reserves? Or was it just a hedging problem.

Have we learnt nothing from the Sons of Gwalia debacle? The story is the same - questionable reserves. Only significant difference is the SGW forward contracts but the same story essentially
IMHO opinion there is something VERY smelly about this whole saga.

Chicken,

You need to start addressing people in a polite and respectful manner or it's KFC for you!

 

[Sean K]

Any future posts with personal insults will be deleted.

 

[greggy]

Any future posts with personal insults will be deleted.

Its amazing that people start insulting each other when a share price collapses. Try to speculate with money that you can afford to lose. Early on when I began trading I saw my first stock fall dramatically. I think it was Buka Gold. At the end of the day, you have to take personal responsibility for any decisions that you make. Please don't take any offence at what I'm saying here. Its just some friendly advice from someone with 27 yrs trading experience (I have seen both the highs and lows).
P.S. Lets all try to make Kennas unpaid job a little bit more rewarding.
DYOR

 

[chicken]

Any future posts with personal insults will be deleted.

These are not insults but facts what I said.....posters should know their subject first and have a understanding....but most of them have not done any research..I have

 

[PhoenixXx]

...
On the other hand, there could be a small bounce today
...

U r absolutely right, surprised me though

 

[SevenFX]

U r absolutely right, surprised me though

What surprised you, what were your thoughts Phoenixxx...???

 

[PhoenixXx]

I thought this share will drop even further
But i guess it's not happening at the time i'm writing this :

 

[Sean K]

I thought this share will drop even further
But i guess it's not happening at the time i'm writing this :

Beware the 'Dead Cat Bounce'. I actually thought there could be a bigger bounce than this, so I am even more cautious.

(still holding - just to see if the cat lives. This will probably end up soaking capital gains)

 

[doctorj]

I SAID THEY HAD A PROBLEM WITH THEIR FORWARD CONTRACTS! THEY DIDN'T HAVE ENOUGH GOLD IN THE GROUND AS WELL.

I understand losing money brings up emotions (and no more than old Soggy) but there is no need for insults and name calling.

I'm going to side with Chicken on the story behind this one. The problem never was the amount of gold they had, it was the hedging that made it uneconomic to get out. If memory serves, they believed to be deeper extentions to the reserves already mined but they didn't feel it commercial under their current arrangements to get out.

If Soggy hadn't hedged the volume of gold they did or closed out the hedge when they had the opportunity for a couple of hundred g they would most likely still be in operation today.

 

[Prospector]

Isnt the share price (~30 cents ) now effectively what the company has as its operating (machinery) assets? So it could be expected to stabilise at this price? Doesnt worry me I guess, I sold yesterday for a nice not so little.....loss!

 

[Jrowl]

The share price will not go below 30 cents. I read the financial review paper today and they said bdg was undervalued. They said according to their assets (cash & equipment & infrasture) they should be close to .40cents a share and that has none of ground gold reserves/inferred added in. I believe this share is going to be worth 50-60 cents soon and then springboard much higher when the new managment report exploration success of 2 million reserves and quickly begin production. They said if they have good exporation success, they will quickly ramp those reserves into production. I'm going to wait afew days to see what happens, but I might double up while it's at a depressed price below market value for even their basic assets and hopefully regain my loses.

 

[Feng]

The share price will not go below 30 cents. I read the financial review paper today and they said bdg was undervalued. They said according to their assets (cash & equipment & infrasture) they should be close to .40cents a share and that has none of ground gold reserves/inferred added in. I believe this share is going to be worth 50-60 cents soon and then springboard much higher when the new managment report exploration success of 2 million reserves and quickly begin production. They said if they have good exporation success, they will quickly ramp those reserves into production. I'm going to wait afew days to see what happens, but I might double up while it's at a depressed price below market value for even their basic assets and hopefully regain my loses.

Thanks for your info.
Cross fingers!
Hope it goes up again!

 

[greggy]

The share price will not go below 30 cents. I read the financial review paper today and they said bdg was undervalued. They said according to their assets (cash & equipment & infrasture) they should be close to .40cents a share and that has none of ground gold reserves/inferred added in. I believe this share is going to be worth 50-60 cents soon and then springboard much higher when the new managment report exploration success of 2 million reserves and quickly begin production. They said if they have good exporation success, they will quickly ramp those reserves into production. I'm going to wait afew days to see what happens, but I might double up while it's at a depressed price below market value for even their basic assets and hopefully regain my loses.

The share price will not go below 30 cents. Now thats a statement, obviously by a Newbie. An increasing number of newbies have been burnt of late which is unfortunate. I too have read newspaper articles tipping BDG as a buy when it was much higher. Do your own research is the most important lesson to learn in this game.
P.S. I hope BDG recovers from here. Not holding, but watching with interest.
DYOR

 

[Dr Doom]

I agree jrowl. This is the undershoot from the bad news, everything on the table, in the absence of more bad news or declining pog, BDG should at worst stabilize at these levels & at best start to slowly appreciate as it is viewed as
undervalued takeover or they start mining again sooner than anticipated. I would assume that they have erred on the negative side this time (regarding shutting down production) so any announcements could be more positive :bounce: .

Let's not forget, there is a plant rated at 500koz waiting & ready to go if they shore up resources, so ramp up to production would be a matter of weeks, if not days.

 

[SevenFX]

The share price will not go below 30 cents. I read the financial review paper today and they said bdg was undervalued.

They said according to their assets (cash & equipment & infrasture) they should be close to .40cents a share and that has none of ground gold reserves/inferred added in.

I believe this share is going to be worth 50-60 cents soon and then springboard much higher when the new managment report exploration success of 2 million reserves and quickly begin production. .

Wow strong prediction...hope your right if your holding.

Asset value doesn't necessarly equal SP... Sentiment, Management & Anns plays a big part for many....IMO

Also consider the Journo (one of many) that wrote this and his financial Wealth b4 putting the house on it.

Today hasn't been a great sp bounce, and theirs been a lot of buying and selling at around a very tight channel.... hence perhaps uncertainty in sp direction...???

Just IMO though

SevenFX

 

[SevenFX]

BDG NEWS... Good or Bad...???

http://www.asx.com.au/asxpdf/20070110/pdf/310ghsmx1bqgzn.pdf

 

[Dr Doom]

Looks like the new boss has taken a token holding to support the troops. BDG up a massive 8.3% today . New management having a big effect already.