BDG - Bendigo Mining
- Thread starter Profitseeker
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shoot...i sold all at high yesterday, never expect today would go skyrocket
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Looking strong today!
Go baby
Go baby
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Snakey said:
?????? please explain?. I'm the biggest BDG ramper here. Not sure what you are talking about re doom & gloom. Just commenting on the inevitable bounce back today, obviously day traders helping on the way, but when they have had their fun the price should stabilise lower. (I'll say that because it usually does the opposite of what I say). And I did make money today.
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Because with these typical rebounds from the panic selloff, all that is needed is a quick start from the open then momentum takes over. If you look at the intraday volume it usually tapers off through the day after the peak indicating the majority of the price moving trades have been completed, leaving the stragglers to try to move the price further. Because (I assume) the majority of the volume are day trades, I would expect that from now to the close the sp should drift lower, somewhere near the VWAP, volume weighted average price. Personally I hope I'm wrong & it keeps going up (today) but as of now volume has dropped right off & I think the sp will drift lower to the close (say 39c).
PhoenixXx, sorry to hear that.
Basiclly what is happening with BDG is the SP is catching up with the companies base assets, after it has done that, in the .40 to .45 cent range, people will begin to value the gold resources it has, currently the market values their gold resources at $0. I know for a fact that 11million oz inferred is worth alot more than $0.
Basiclly what is happening with BDG is the SP is catching up with the companies base assets, after it has done that, in the .40 to .45 cent range, people will begin to value the gold resources it has, currently the market values their gold resources at $0. I know for a fact that 11million oz inferred is worth alot more than $0.
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Jrowl said:
For the longer term holder ie longer than today, jrowl is correct. The old adage, up by the stairs down by the elevator applies here as it needs some positive ann to keep momentum going from here.
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It would probably make me more money than sharetrading
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Sean K
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Well, I've got my money back after taking a punt on the overshoot. Now considering where it might end up.....just what is the value of this company now.....decisions, decisions. Even if they eventually have just 3m oz au in the ground, they have eveything in place just to start mining....wonder what cash costs will be now?? Perhaps this is a waiting game now just to see what they end up with.kennas said:
Hard to believe LHG paid $350m for BGF, when they could have waiting and picked this up for possibly under $200m....Unless, of course, it's only worth this much...
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Hi all,
Back from holiday
I topped up the day before the trading halt. That was a good way to throw away $5k. POO!
Anyway, I'm still holding and will watch this for a few weeks. Since trading recommenced have you guys noticed that the volume is increasing? Today will easily surpass yesterday. Is anyone reading anything into this? Is it a lot of people day trading or is it a strong support from buyers thinking that it's a bargain right now?
I was going to buy another $10k on the day it opened at 29c but was feeling sick about the drop and didn't use basic principles. Kicking myself now.
Back from holiday
I topped up the day before the trading halt. That was a good way to throw away $5k. POO!
Anyway, I'm still holding and will watch this for a few weeks. Since trading recommenced have you guys noticed that the volume is increasing? Today will easily surpass yesterday. Is anyone reading anything into this? Is it a lot of people day trading or is it a strong support from buyers thinking that it's a bargain right now?
I was going to buy another $10k on the day it opened at 29c but was feeling sick about the drop and didn't use basic principles. Kicking myself now.
Sean K
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I'm out.kennas said:
Too much uncertainty for me at the moment. Will reevaluate once the dust settles. My money at this stage is that this will now be part of more consolidation in the Victorian gold sector. Perhaps LHG will wrap this up as well, then PSV and practically own the states resources!
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SevenFX said:
Hi Tek,
I'd like to say it was based on a convoluted mathematical formula but mostly on the intraminute chart at 11:30, volume, and previous experience. As it turned out the volume picked up again to close (strongly?) at 44c. Though there is only low volume bids down to 42.5c, so may open weaker tomorrow (gold is off a bit today, but gold stocks up?????????)
DD
kennas said:
Just when I thought they're were looking good 2...
If we didn't have different opinions, the market wouldn't work right...????
Lets hope LHG didn't/doesn't know something we didn't/don't know...
Don't know about to much uncertainty, as their has been 2 much uncertainty all the way down
, and much more certainty perhaps near the bottom now, but maybe not for the quick buck though.Just playing Devils Advocate...
: Standard Vinalla Disclaimer: IMO.
Cheers
SevenFX
Doom, I tend to agree on the 80c RRI despite my current displeasure. I can feel a conspiracy theory coming on. If a 'connected' party pulls off a takeover of BDG in the near future (I have a front-runner) I'll travell to Iraq for my next holidays. I think BDG is about to become an 'how they did it' example for text books.Dr Doom said:
