BDG - Bendigo Mining

Snakey · 11 January 2007

Dr Doom said:
Typical, daytraders playing games. Ramping up then dumping. Should close about 38c?

??????? please explain

yes day traders made lots of money...too bad for your doom and gloom atitude...other wise you could of made money too.

PhoenixXx · 11 January 2007

shoot...i sold all at high yesterday, never expect today would go skyrocket

Wilson! · 11 January 2007

Looking strong today!
Go baby

Dr Doom · 11 January 2007

Snakey said:
??????? please explain

yes day traders made lots of money...too bad for your doom and gloom atitude...other wise you could of made money too.

?????? 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.

SevenFX · 11 January 2007

Dr Doom said:
Typical, daytraders playing games. Ramping up then dumping. Should close about 38c?

Hi Dr D.

Not sure if agree with daytraders theory, as many other reason that may fit bill.

Also where did you get .38c close, as cant see why a close there...???

Thanks
SevenFX

Dr Doom · 11 January 2007

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).

Jrowl · 11 January 2007

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.

Dr Doom · 11 January 2007

Jrowl said:
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.

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.

Snakey · 11 January 2007

Dr Doom said:
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).

fair analysis dr d
you should write a book "Share trading for dummies"

Dr Doom · 11 January 2007

It would probably make me more money than sharetrading

SevenFX · 11 January 2007

Strong channel between 41c-42c for nearly 2 hours now, and outside this being critical range, which may require attention if intraday trading

Traded volume of 5.3m at 42c vs 3.1m at 41c.

SevenFX

Dr Doom · 11 January 2007

Yes, persistent buying @42

SevenFX · 11 January 2007

Dr Doom said:
Yes, persistent buying @42

So DD.

What does the ave price of 39.7c for all trades today on your screen tell you...???

Is that what you based your closed on...?????

Tks
SevenFX

Sean K · 11 January 2007

kennas said:
If it finishes above $0.40 then I will have recovered my losses from initial purchase at $0.80.

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.

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...

britishcarfreak · 11 January 2007

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.

Sean K · 11 January 2007

kennas said:
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.

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...

I'm out.

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!

Dr Doom · 11 January 2007

SevenFX said:
So DD.

What does the ave price of 39.7c for all trades today on your screen tell you...???

Is that what you based your closed on...?????

Tks
SevenFX

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

SevenFX · 11 January 2007

kennas said:
I'm out.

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!

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

toc_bat · 11 January 2007

YOUNG_TRADER said:
lol, my GSL was 83c on my CFD trade,

I rang up at 9.58am and asked them to move it to 79c

LOL, I'd be stopped out otherwise,

HANGING ON TO THIS TRADE BY THE SCRUFF ON MY NECK!!!!!!!!!!!!!

GSL - is that guaranteed stop loss?

Just wondering what price you entered at YT?

Also is there any other stop loss on CFDs or just the GSL?

Compol · 11 January 2007

Dr Doom said:
Re the placement at 80c. Put it this way, if it hadn't happened we would be talking about BDG in a long trading halt while they restructure their finances, if at all. If you still hold from 80c then you just have to be patient, the show's not over yet. Probably more attractive now at 38c with new focus on the mines direction than ever before

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.

BDG - Bendigo Mining

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