BDG - Bendigo Mining

[Techbuy]

A director just notified he bought 150000 shares for his super @33.5 cents
There's still hope yet

I still think there is hope and buy a few now and again while they are trawling around at these prices slowly topping up what I have.
It just needs one of the drillings to show some potential for the SP to move and they still have all the plant and infostructure ready to roll.

I am sure there are a lot of members on the forum that are able to find or read the geological info to either give us hope or tell us we are chasing a goose.

 

[The Mint Man]

Under $0.30 ATM (At $0.295)
BDG has just gone beyond the joke I recon

 

[Sean K]

Under $0.30 ATM (At $0.295)
BDG has just gone beyond the joke I recon

Ripe for a complete takeover soon. Either SBM will make a full offer, or they'll make a few quid on their investment.

(not holding)

 

[The Mint Man]

Ripe for a complete takeover soon. Either SBM will make a full offer, or they'll make a few quid on their investment.

(not holding)

:iagree:
I think this has been known for some time now.... well ever since SBM bought in a little while back..... It is (edit "was") bound to happen. Chicken will be happy
Also, from memory the AFR valued their assets at $0.45 per share (correct me if Im wrong) alone so they are way under value! not just in my opinion but in almost everyones opinion I would imagine, Like you said kennas, they would have to be ripe for a takeover.

cheers

 

[Dr Doom]

Another director buying ann today 33k @ 33.5c

 

[Tradewinds]

I am sure there are a lot of members on the forum that are able to find or read the geological info to either give us hope or tell us we are chasing a goose.

Two words......"nugget effect"

 

[Feng]

Ripe for a complete takeover soon. Either SBM will make a full offer, or they'll make a few quid on their investment.

(not holding)

Hi, Kennas,

As you are not holding this atm, maybe you are still not fully convinced to get it back?

 

[Feng]

Another director buying ann today 33k @ 33.5c

33k is not a big deal compared with another director. but it is still a good signal for the company imo. either the directors want to average their cost or they believe in the future of the company. Let's wait and see!

 

[Techbuy]

:
Also, from memory the AFR valued their assets at $0.45 per share (correct me if Im wrong) alone so they are way under value! not just in my opinion but in almost everyones opinion I would imagine, Like you said kennas, they would have to be ripe for a takeover.

cheers

while they are down to 30c I still think its shopping time and just keep topping up my holdings in it and still expect them to go back to around 45c someday.
If they ever do find enough gold to reopen the plant then we should see bigger gains than 45c but thats still "pie in the sky" right now or we might see this happen.

:
Ripe for a complete takeover soon. Either SBM will make a full offer, or they'll make a few quid on their investment.

 

[Sean K]

Hi, Kennas,

As you are not holding this atm, maybe you are still not fully convinced to get it back?

I'm generally a seller at the moment, not a buyer. I'm not saying buy this right at the moment (Joe wouldn't like that! ), just that it might be taken over down the track.....Will look at it once the dust settles. Long term holders in this are probably safe IMO. However, I think I said that when it was at 80 cents during the capital raising too, so ignore me please!

 

[Freeballinginawetsuit]

Maybe if youre up for a punt and never look at the stocks, a little dab in this one Long Term might pay off. No more than 10k IMO.

Same odds as the casino (lose the lot), but a chance it might double to 60 cents in a year. A gamble really>with a decent percentage in your favour.

I'm not up for it though , BDG needs some news to let the market know were their at, or not at!.

 

[juiceman]

Anybody still interested in BDG
Have a look at the course of sales for their last 2hrs Monday
Look at the small parcels, IMO somebody is trying to push them down.
Any thoughts?

 

[Dr Doom]

Howdy juiceman,
I think that in the absence of any announcements the sp is drifting lower, and is getting close to the previous low, which scares a few people & who then want to get out. This one really needs an ann soon, preferably a very good news one. Also maybe a general lack of interest in gold stocks until gold sets a clear trend?.

 

[Jrowl]

I remember the directors all buying the SPP 6250 shares each of them, and less than 2-3 weeks later the share plunge. They said they will regrow shareholder value, I can't see them doing any of that. Honesty I don't think they care.

 

[juiceman]

Anybody still interested in BDG
Have a look at the course of sales for their last 2hrs Monday
Look at the small parcels, IMO somebody is trying to push them down.
Any thoughts?

Thanks for your thoughts; Dr Doom
Have a look at this mornings course of sales,
To me it appears that,any-time the sp settles or moves up,somebody just sells a small parcel [2oo ish shares] into it,and moves it down 0.5.
Agreed theres not much interest at the moment,and this has been going on for some time!
Has anybody seen this before in BDG or anyother share

 

[cuttlefish]

I think there's one or more robots selling small parcels - has been for a while -could be a few of them (could be both buying and selling haven't looked closely). But I think thats why the depth gets crossed quite often.

 

[juiceman]

I think there's one or more robots selling small parcels - has been for a while -could be a few of them (could be both buying and selling haven't looked closely). But I think thats why the depth gets crossed quite often.

I agree with your comment RE[ one or more robots]
Now the question;for what purpose?
Sell a few to buy more at cheaper price?
Could it be an entity that doesn't have to pay brokerage!

 

[Dr Doom]

I wouldn't read too much into it, theres nothing to suggest any corporate agenda here other than - no news = sell down - now at 29c matches the sell-off low, so any fence sitters may be tempted to bail out now. I still hold my position as there are 2 possibilities - they find a decent seam & start mining or someone else takes them over. There is the remote possibility that they could become insolvent, but they still have a war chest of cash to go through first, and a milling facility ready to go.

At some stage also BDG will be excluded from the ASX indices as well, so further pressure from insto's selling

 

[cuttlefish]

I agree with your comment RE[ one or more robots]
Now the question;for what purpose?
Sell a few to buy more at cheaper price?
Could it be an entity that doesn't have to pay brokerage!

Could be an institution doing some portfolio shuffling following the recent slump. Agree with Dr, hard to read much into it.

Would think capitulation below .29 is unlikely (unless there were further negative announcements) but stranger things have happened - suspect there's still a few portfolio's and traders overweight in this, but you'd also think there'd be others seeing it as a buying opportunity.

It always takes a while for negative sentiment to wash out of the system though.

 

[Dr Doom]

Freefall time - hope the parachute works

Mmmmm....when to catch the knife?