BDG - Bendigo Mining
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BDG up 4% straight away.
bout time I made some money back
bout time I made some money back
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Yes very good Up 13% on close.
Hopefully it keeps going!
It was only last week I was looking at my shares shaking my head at BDG (more then what i had before)..... it was $0.27, now its $0.42.... thats over 55% in a little over a week.
Why the sudden surge though?
Do you think that there is good (or better then before) word of a takeover and in return the market is factoring this in?
Up 13% on close.Hopefully it keeps going!
It was only last week I was looking at my shares shaking my head at BDG (more then what i had before)..... it was $0.27, now its $0.42.... thats over 55% in a little over a week.
Why the sudden surge though?
Do you think that there is good (or better then before) word of a takeover and in return the market is factoring this in?
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Just noticed the Ann from SBM today, they sold shares in SAR for $7.1 million.
Do you think that this has anything to do with BDG going up?
Would this be a signal of SBM starting to raise funds for a takeover or maybe increasing their holding in BDG?
I was going to post SBM's ann but for some reason I can’t copy the text from the PDF so you’re going to have to view it yourself. What I will make mention of is where they (SBM) say that the sale of SAR "will provide funds to support the company's continued focus"
Now correct me if I’m wrong but I believe that BDG is one of their main focuses
Do you think that this has anything to do with BDG going up?
Would this be a signal of SBM starting to raise funds for a takeover or maybe increasing their holding in BDG?
I was going to post SBM's ann but for some reason I can’t copy the text from the PDF so you’re going to have to view it yourself. What I will make mention of is where they (SBM) say that the sale of SAR "will provide funds to support the company's continued focus"
Now correct me if I’m wrong but I believe that BDG is one of their main focuses
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no, your right,, sbm will buy bdg..
no rocket science in this one!!
no rocket science in this one!!
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SBM has been saying that they will increase reserves through exploration or investment. Last week announce JV, this week raising funds, next week ?.
SBM know the geology of the Bendigo district (taking permits out on surrounding areas). I think they also know where to dig in the BDG mine to make it hugely profitable. And, BDG share price over the last week - expect possibly a joint announcement soon or 'becoming major shareholder' notices?. If the Aus Fin Review comes out with a rumour soon then it's game on!. They are usually close to the action??.
SBM know the geology of the Bendigo district (taking permits out on surrounding areas). I think they also know where to dig in the BDG mine to make it hugely profitable. And, BDG share price over the last week - expect possibly a joint announcement soon or 'becoming major shareholder' notices?. If the Aus Fin Review comes out with a rumour soon then it's game on!. They are usually close to the action??.
rub92me
Don't look back
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Good question. Looks like even the ASX can't be bothered to enquire why the shareprice and the volume are rising from the dead... Maybe they'll get a speeding ticket after a 100% gain?
Exactly. Was only a matter of time really. SBM bought in a couple of months ago and started publicly banging heads immediately. SBM are a small company with big plans and wouldn't have bothered with BDG unless they had plans for them. BDG up another 10% already today... 289 trades and lots of volume in first 20mins!
Good question. Looks like even the ASX can't be bothered to enquire why the shareprice and the volume are rising from the dead... Maybe they'll get a speeding ticket after a 100% gain?
IMO, I dont think they will get the speeding ticket, as the volume is not that high, except yesterday, and the sp was downtrend for a long time. anyway, I could be wrong, if they get the ticket, will attract more people to notice this undervalued share and more buyers?
it is good to see another 10% jump. must be some thing happening.
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I agree. It’s obvious now that something is going on and I wouldn’t be surprised if we see the ASX ask if there is anything that BDG isn’t telling the market…. But as you say, this wouldn’t hurt as it would only draw attention to BDG.
cheers
edit:
Heres the vol over the last 5 days:
27 Mar 2007 0.420 13.51% 0.425 0.380 11,630,259
26 Mar 2007 0.370 7.25% 0.380 0.355 6,945,783
23 Mar 2007 0.345 9.52% 0.345 0.310 6,680,416
22 Mar 2007 0.315 1.61% 0.320 0.305 1,761,367
21 Mar 2007 0.310 0% 0.320 0.305 2,682,175
Now I would say that the last few days have been a big enough increase for the ASX take some notice..... not to mention today
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only one thing is happening out there, SBM is going to buy BDG.
it is not good if both of them dont release the news to the market, as market doesnt have that sort of patience. if there is no release, we will see the sp will slide again, but maybe SBM is the only one topping up their stake? anyway, it still needs to release the stake change to the market.
IMO.
IMO.
Hey guys - new to investing and new to the forums... I bought some shares in BDG as my first ever trade about 2 months ago and have been watching the recent rise with newbie anticipation...
If a takeover from SBM was to occur - what sort of offer do you guys think would be made per share ??
Can someone tell me, on the asx site, the chart for BDG has a light blue line running across the $1.41 line - does this represent the price of the share when it first floated?
If not, where is a good place to find this information ?
If a takeover from SBM was to occur - what sort of offer do you guys think would be made per share ??
Can someone tell me, on the asx site, the chart for BDG has a light blue line running across the $1.41 line - does this represent the price of the share when it first floated?
If not, where is a good place to find this information ?
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Takeover price - no idea until a reserve gold oz's is determined.
ASX chart - no, it's the starting point for comparison with asx200.
First quoted - 19.12.95
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Well they got issued with a speeding ticket... see "Response to ASX Query re Share Price" which was released this morning. Cant copy it as it seems to be a faxed copy.
Of course they are saying 'I know nothing'
cheers
Of course they are saying 'I know nothing'
cheers
Well they got issued with a speeding ticket... see "Response to ASX Query re Share Price" which was released this morning. Cant copy it as it seems to be a faxed copy.
Of course they are saying 'I know nothing'
cheers
yes, they do get ticket, so the sp will have a break today.
anybody has any idea about yesterday's candle?
BDG post speeding ticket.
The company sp has held well at 39.5 -40 [some-body was trying to push sp down all Thursday and Friday,ref to coments made on forum 12-13 March].
While I don't know why sp moved up so strongly,a few beers at the closest pub to the mine would probably hold a few clues,miners do talk.
Any-one live in Bendigo?
A few observations:
Last time the sp moved up like this, in Jan there moving averages and macd looked like crap".
This time the charts look very healthy.[ first time in 11 months]
Most of bdg's large stock holders are Banks or large insto's.
As for SBM taking BDG over, i don't think they could afford to pay the price, based on how fast the sp would move.
IMO bdg knows where the good stuff is based on historic records and there own drilling. They won't make the same mistake a second time, by messing around with the inferior grades and area's.
The next assey report has to be good, and new Director knows it!
Good luck to all those previously burn't by this company,the next month should be intresting.
P.S i have previously been smashed holding this stock, but have been buying a few of late, let's hope that Bendigo Town Hall doesn't collapse into one of their mine shafts
The company sp has held well at 39.5 -40 [some-body was trying to push sp down all Thursday and Friday,ref to coments made on forum 12-13 March].
While I don't know why sp moved up so strongly,a few beers at the closest pub to the mine would probably hold a few clues,miners do talk.
Any-one live in Bendigo?
A few observations:
Last time the sp moved up like this, in Jan there moving averages and macd looked like crap".
This time the charts look very healthy.[ first time in 11 months]
Most of bdg's large stock holders are Banks or large insto's.
As for SBM taking BDG over, i don't think they could afford to pay the price, based on how fast the sp would move.
IMO bdg knows where the good stuff is based on historic records and there own drilling. They won't make the same mistake a second time, by messing around with the inferior grades and area's.
The next assey report has to be good, and new Director knows it!
Good luck to all those previously burn't by this company,the next month should be intresting.
P.S i have previously been smashed holding this stock, but have been buying a few of late, let's hope that Bendigo Town Hall doesn't collapse into one of their mine shafts
Hi all - my first posting. Live in BGO and have invested heavily in BDG.
As a kid I grew up right in the centre of the richest gold field on earth and saw the decline of mining. Mine after mine shut but it wasn't because the gold had run out. Mines closed because of two factors: 1> The water problem 2> The fact that the price of gold was fixed at 16 pounds and Oz.
Now we have modern pumps (in the old days they lifted the water out in buckets) and a floating gold price.
The old miners (my grandfather amongst them) maintained that there was 3 times as much gold left under the city as what came out. The equation: 22000000 x 3 works out to $US39600000000 :bricks1: (!) (they are really gold ingots) at current prices.
This will mitigate the fact that I missed out on ever enjoying the company of my grandfather who died at the age of 42 (1926) -from miners disease.
Modern understanding of the perils of quartz dust and OH&S will ensure that BDG gives an extraordinary return with safety for all.
Just ask me if I am in for a happy retirement
Found this old post on the forum:Ace maybe you could pop on down to the local pup and ,turn your ear to any local knowledge.
My how time changes things: look at some old posts, and you can feel the exitement in there words, re sp etc.
When i was very young my grandfather [who lived in the area] used to tell me the same stories about the gold left behind under the town.
While it may have just been an old timers story to his grandson,would'nt it be good if it were true.
there are some news came up over the weekend.
http://www.theage.com.au/news/busin...and-outs/2007/04/01/1175366076844.html?page=2
Bendigo Mining shows it pays to keep eye on down and outs
Barry Fitzgerald
April 2, 2007
Page 1 of 2 | Single page
AdvertisementAdvertisement
IF YOU'RE looking for the best-performed mining stock in the past two weeks, go no further than Bendigo Mining.
Forgetting that the group is down near $1 billion on its market capitalisation a year ago, the run in the stock from its low two weeks ago of 26 ¢ to Friday's close of 40 ¢ is a 53 per cent gain.
So it can pay to keep an eye on the down and outs in the mining world.
There are a number of factors in the stock's recovery from absolutely distressed to simply distressed levels. Since the revelation earlier this year that ore grades at the group's Bendigo project had been seriously overestimated, the price of gold has been nice and strong.
And while Bendigo's current mining operation gets put on ice in coming weeks, no one doubts that there is still plenty of the yellow stuff to be mined at the historic goldfield.
Ed Eshuys at St Barbara thinks so. He is one of the most successful explorers around and he had St Babs plonk $17.2 million down for a 10 per cent stake in Bendigo Mining.
Since then, St Babs has pulled in $7.1 million from the sale of a stake in Saracen Mineral Holdings, prompting some to suggest it was getting ready to make its stake in Bendigo Mining more meaningful.
But the more likely explanation for the share-price recovery in Bendigo Mining was the realisation among sharper traders that when it got 26 ¢ a share, the Bendigo project "inside" Bendigo Mining was effectively being valued at no more than $25 million.
That was because Bendigo Mining continues to hold cash of about $70 million as well as plant, property and equipment of about $35 million against a total market capitalisation on Friday's close of $128 million.
While many remain spooked about the overestimation of ore grade and its impact on the $350 million redevelopment of the Bendigo field, a growing band, including Eshuys, still believe that the old goldfield has the potential to become a long-life, low-cost operation.
The recasting of Bendigo Mining as an exploration company comes as the new management team, headed by chief executive Rod Hanson, has been chasing up potential.
The focus is now on the Garden Gully and North Sheepshead reefs, which should always have been the focus of the field's redevelopment because of their bigger size and grade potential.
Borrowing from the oldtimers, laminated quartz veins are being used as pathfinders to the reefs that, when encountered, will be assessed for their grade potential by visual inspection more than anything else, replacing the dark box of grade "factoring" that led Bendigo Mining's recent woes.
By the end of the year the group hopes to be "infill" drilling reefs at Garden Gully before the hungry plant on surface is fired up again.
http://www.theage.com.au/news/busin...and-outs/2007/04/01/1175366076844.html?page=2
Bendigo Mining shows it pays to keep eye on down and outs
Barry Fitzgerald
April 2, 2007
Page 1 of 2 | Single page
AdvertisementAdvertisement
IF YOU'RE looking for the best-performed mining stock in the past two weeks, go no further than Bendigo Mining.
Forgetting that the group is down near $1 billion on its market capitalisation a year ago, the run in the stock from its low two weeks ago of 26 ¢ to Friday's close of 40 ¢ is a 53 per cent gain.
So it can pay to keep an eye on the down and outs in the mining world.
There are a number of factors in the stock's recovery from absolutely distressed to simply distressed levels. Since the revelation earlier this year that ore grades at the group's Bendigo project had been seriously overestimated, the price of gold has been nice and strong.
And while Bendigo's current mining operation gets put on ice in coming weeks, no one doubts that there is still plenty of the yellow stuff to be mined at the historic goldfield.
Ed Eshuys at St Barbara thinks so. He is one of the most successful explorers around and he had St Babs plonk $17.2 million down for a 10 per cent stake in Bendigo Mining.
Since then, St Babs has pulled in $7.1 million from the sale of a stake in Saracen Mineral Holdings, prompting some to suggest it was getting ready to make its stake in Bendigo Mining more meaningful.
But the more likely explanation for the share-price recovery in Bendigo Mining was the realisation among sharper traders that when it got 26 ¢ a share, the Bendigo project "inside" Bendigo Mining was effectively being valued at no more than $25 million.
That was because Bendigo Mining continues to hold cash of about $70 million as well as plant, property and equipment of about $35 million against a total market capitalisation on Friday's close of $128 million.
While many remain spooked about the overestimation of ore grade and its impact on the $350 million redevelopment of the Bendigo field, a growing band, including Eshuys, still believe that the old goldfield has the potential to become a long-life, low-cost operation.
The recasting of Bendigo Mining as an exploration company comes as the new management team, headed by chief executive Rod Hanson, has been chasing up potential.
The focus is now on the Garden Gully and North Sheepshead reefs, which should always have been the focus of the field's redevelopment because of their bigger size and grade potential.
Borrowing from the oldtimers, laminated quartz veins are being used as pathfinders to the reefs that, when encountered, will be assessed for their grade potential by visual inspection more than anything else, replacing the dark box of grade "factoring" that led Bendigo Mining's recent woes.
By the end of the year the group hopes to be "infill" drilling reefs at Garden Gully before the hungry plant on surface is fired up again.
