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SBM have done their sums, so will be interesting to see what happens around their buy price; whether it establishes a base for the sp and another round of buying by SBM (or others?)
BDG - Bendigo Mining
- Thread starter Profitseeker
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Good luck guys - I spat it today and offloaded at 37.5c. Better things to do with my money.
britishcarfreak said:
Hi Britishcarfreak,
Shame about the loss, and expect BDG management ought to get a legal hammering from the instos on this one....time will tell.
Hope you didn't hold longer you wanted to, influenced by rampers, which don't ever seem to be round on down days....given their case wouldn't hold up...
I'm sure théy'll be back the moment the sp turns, and ramping all the way back to 80c again.
As you say your prob better having more certainty in another stock than less which bdg has given shareholders.
Cheers
SevenFX
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Thank you, probably need it.britishcarfreak said:
Similar to the ones that only come in here when it goes down, wouldnt you think?
cheers
The Mint Man said:
Hey look who dropped in...
Jokes aside, wasn;t thinkin of you MM.The ones you speak of MM, must have been coming here for over 12mths now as it about how long it's been trending down, unless you consider sep 03 when downtrend first started.
But hey tis lookin rosey again right...????
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Glad to hear that!
No, First post was in 2005.
Ahhh, why not? :bier:
Edit: by the way, Tek, how did you get that accent above "they'll" as seen in the following quote?
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i havent looked at these guys before, but reading over posts it seems to have been a very poor performer.
from what ive read there seem to be many, many, many delays, many placements etc.
where will the sp find a bottom?? surely there would be a decent bounce on this one finding a trend reversal, it was over $2 in the last year and now its 36 cents!
IMO this would be a great one to enter on confirmation of trend reversal. im starting to have a look over the charts.
from what ive read there seem to be many, many, many delays, many placements etc.
where will the sp find a bottom?? surely there would be a decent bounce on this one finding a trend reversal, it was over $2 in the last year and now its 36 cents!
IMO this would be a great one to enter on confirmation of trend reversal. im starting to have a look over the charts.
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one things for certain - this company is either worth a hell of a lot more than .35c a share or its not worth much at all. Market cap $180 million, $66 million in cash and also a fair bit of recoverable assets in plant and equipment. With all the mining and processing infrastructure ready to go and proven to work, they don't need to find much economically mineable gold amongst their 11 Moz inferred resource to justify the current share price.
Today also presented a chance to buy in at around the levels that SBM entered.
The big question mark, even if they do find economical ore and start generating revenue from it - will be how much do they really have. Confidence in the 11 Moz inferred resource would have to be pretty low at the moment so carrying out enough resource definition drilling to get a proper ore reserve estimate will be essential to rebuilding shareholder confidence. (they have to find the economical ore first though).
Today also presented a chance to buy in at around the levels that SBM entered.
The big question mark, even if they do find economical ore and start generating revenue from it - will be how much do they really have. Confidence in the 11 Moz inferred resource would have to be pretty low at the moment so carrying out enough resource definition drilling to get a proper ore reserve estimate will be essential to rebuilding shareholder confidence. (they have to find the economical ore first though).
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yeah i think i would rather buy into this one once an uptrend has resumed and is confirmed. sp is still slipping and until we see some decent indicators then IMO this one will slide further.
it seems the sentiment towards this one has turned very sour. i also agree with the fact that any drill results now, the market may not believe them simply as what has happened in the past with downgrades on resources etc.
it seems the sentiment towards this one has turned very sour. i also agree with the fact that any drill results now, the market may not believe them simply as what has happened in the past with downgrades on resources etc.
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i think sbm knows whats on the menu!
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I think it is valued at it's current price because no one will give them more money to explore. Therefore they have to produce reserves with the remaining cheeky cash they got from the share placement. I think SBM have taken a slice so they can a) pick up for nothing if they run out of cash b) block any takeovers. I think sbm taken only a 10% slice in BDG is almost the worset thing that could of happened as it will make bigger comapnies more reluctant to take the whole thing out. Only hope is to really find a big vein before June but they have failed to do that over 25 years.
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Doubt there will be a class action - every time a stock falls heavily there's this sort of grandstanding by the law firms.
Well at 34.5 its nearly back where it started "oversold again" . Will this bottom be as low as the last ? hmmm shouldnt be ....bottoms already been tested right ?
Infrastructure assets havent gone anywhere and they must be sitting on at least 1 nugget. Anyway ive tested the water with one hand on the plug!
Infrastructure assets havent gone anywhere and they must be sitting on at least 1 nugget. Anyway ive tested the water with one hand on the plug!
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The chart shows a rounding of the bottom, and is up 1c at the moment. All those who wanted to get out the second time round have had their chance so only leaves those actually wanting to hold BDG for the long term in the game, so should see some stability until more ann's (or the AFR 'leaks' another bit of insider knowledge????).
