BDG - Bendigo Mining

[Agentm]

its happening..

another 3 million shares went across XT..


dont be too concerned, SBM are doing it the way they want to..

 

[Gundini]

Did someone kick the dog? It actually moved, I kid you not!

But how far will it run? On past experience, it won't go far away, it always returns home...

Unless someone entices it with some news

 

[BIG BWACULL]

Did someone kick the dog? It actually moved, I kid you not!

But how far will it run? On past experience, it won't go far away, it always returns home...

Unless someone entices it with some news

Hope it returns to its old home $2 and not its current home Nearly 7 million shares on the up

 

[Feng]

Paydirt Gold Conference Presentation by BDG

http://www.acnnewswire.net/press/en/36728/BENDIGO-MINING-LIMITED.html

 

[The Mint Man]

its happening..

another 3 million shares went across XT..


dont be too concerned, SBM are doing it the way they want to..

Fair enough. But surely there would have to be some sort of official notice soon?
How far off do you think it is?

EDIT: by the way wheres chicken? you think he would be right onto this!

 

[DAZT49]

From my calcs ( I failed 4th form) according to th BDG wbsite there are roughly 495,500,000 shares.
The top 20 share owners own about 51% of the stock.
To gain even 10% of the company involves purchasing 50,000,000 shares.
Are you sure there is a takeover in the air??

 

[The Mint Man]

Are you sure there is a takeover in the air??

No Im not... heard it all before but SBM do own 10% already so I imagine that would make it a whole lot easier.

 

[Feng]

Fair enough. But surely there would have to be some sort of official notice soon?
How far off do you think it is?

EDIT: by the way wheres chicken? you think he would be right onto this!

Let's hope the sp will go up soon.
The only thing I noticed in these few days is the volume is up a bit. Maybe something is going on.
but just two months ago, the sp hit 47c high from 26c low in 7 trading days and the volume was huge as well, there was no official notice except one speeding ticket. So....anyway let's hope again.

 

[$20shoes]

Feng,
the price has been capped for a long time now. It was also supported at 35c.
There has been some level of accumulation - if you remove volume out of the equation for all trades below 35c since 9th Jan (to remove the ultrahigh volume that set the floor back then), you are still left with approx 229M shares that have been exchanged in a very tight trading range between 36c and 44c.

The breach of 35c on big volume should have posted as a big red candle after such a tight trading range.

This is an unsubstantiated theory - one or more entities have been accumulating on behalf of an interested party to prevent the 5% ownership notification rule from applying (we don't want to spark interest in the stock while we're trying to buy at low prices).

We are now seeing the transfer of these shares to the interested party. I believe an on-market buy up has also occurred, prior to a market announcement.

BDG have no other news apart from what is known - drilling the high probability lines in May.

Just a theory

 

[Crash]

I like your theory, I have topped up some more because I believe whether it is now with a takeover or down the track once the gold starts being trucked out, this will come good.

DYOR

 

[Broadside]

Feng,
the price has been capped for a long time now. It was also supported at 35c.
There has been some level of accumulation - if you remove volume out of the equation for all trades below 35c since 9th Jan (to remove the ultrahigh volume that set the floor back then), you are still left with approx 229M shares that have been exchanged in a very tight trading range between 36c and 44c.

The breach of 35c on big volume should have posted as a big red candle after such a tight trading range.

This is an unsubstantiated theory - one or more entities have been accumulating on behalf of an interested party to prevent the 5% ownership notification rule from applying (we don't want to spark interest in the stock while we're trying to buy at low prices).

We are now seeing the transfer of these shares to the interested party. I believe an on-market buy up has also occurred, prior to a market announcement.

BDG have no other news apart from what is known - drilling the high probability lines in May.

Just a theory

stokdog posted this on hc, hope he doesn't mind me putting it here....it is consistent with your line of thought:



Ive said it before and i'll say it again. I think JP Morgan have an agenda with sbm and i wouldnt be suprised if the 2 large XT trade parcels relate to JP Morgan assisting SBM in their attempts to manipulate and manouevre the shares into SBM and RCF hands which will leave JP Morgan with a larger stake in a merged entity.

I speak of these two trades especially.


22/05/2007 04:27:29 0.33 6240809 20594669.7 XTSPOS
23/05/2007 12:15:47 0.33 3000000 990000.00 XT

 

[$20shoes]

Yes ty Broadside.
I did notice Stockdog's comments on hc.

We're playing guessing games , but it does seem like a logical theory. We'll wait and see.

 

[Feng]

Feng,
the price has been capped for a long time now. It was also supported at 35c.
There has been some level of accumulation - if you remove volume out of the equation for all trades below 35c since 9th Jan (to remove the ultrahigh volume that set the floor back then), you are still left with approx 229M shares that have been exchanged in a very tight trading range between 36c and 44c.

The breach of 35c on big volume should have posted as a big red candle after such a tight trading range.

This is an unsubstantiated theory - one or more entities have been accumulating on behalf of an interested party to prevent the 5% ownership notification rule from applying (we don't want to spark interest in the stock while we're trying to buy at low prices).

We are now seeing the transfer of these shares to the interested party. I believe an on-market buy up has also occurred, prior to a market announcement.

BDG have no other news apart from what is known - drilling the high probability lines in May.

Just a theory

stokdog posted this on hc, hope he doesn't mind me putting it here....it is consistent with your line of thought:



Ive said it before and i'll say it again. I think JP Morgan have an agenda with sbm and i wouldnt be suprised if the 2 large XT trade parcels relate to JP Morgan assisting SBM in their attempts to manipulate and manouevre the shares into SBM and RCF hands which will leave JP Morgan with a larger stake in a merged entity.

I speak of these two trades especially.


22/05/2007 04:27:29 0.33 6240809 20594669.7 XTSPOS
23/05/2007 12:15:47 0.33 3000000 990000.00 XT

Like the thoughts, helps our hope for the sp. Nearly want to give up.
Looks the company is getting better, however it is not convinced by the sp.

Forgive my stupid question, is it possible some tax issues involved in these two cross trades, just change the left hand to the right hand?
thanks!

 

[Feng]

Announcement is out.
Change in substantial holding, JP is off loading the track.
Can find 6m cross trade on the list as a sell on 22nd May, but can not find 3m on 23rd.
Also noticed some transfer out transactions on the list, does somebody have any idea about it?

 

[Agentm]

Announcement is out.
Change in substantial holding, JP is off loading the track.
Can find 6m cross trade on the list as a sell on 22nd May, but can not find 3m on 23rd.
Also noticed some transfer out transactions on the list, does somebody have any idea about it?

i would say the positioning of the funds are falling into place, and i certainly say the action at BDG is everything to do with SMB.

lots of time is up their sleeve, and BDG has nowhere to go. all we can do is watch how its done, watch who makes the biggest return for their positioning, and learn how takeovers are done and sometimes go wrong..

 

[juiceman]

Announcement is out.
Change in substantial holding, JP is off loading the track.
Can find 6m cross trade on the list as a sell on 22nd May, but can not find 3m on 23rd.
Also noticed some transfer out transactions on the list, does somebody have any idea about it?

Sorry Feng can"t answer your question re; transfer out transactions.
This may help though, on ABC Business this morning
JP MORGAN listed (amoung others ) Bendigo Gold as a possible take over target

 

[Feng]

Sorry Feng can"t answer your question re; transfer out transactions.
This may help though, on ABC Business this morning
JP MORGAN listed (amoung others ) Bendigo Gold as a possible take over target

thanksn juiceman.
tried to find any link about this news, but found nothing. Can you post the link?

We may need patience to wait for the take over.

Also noticed the ownership on BDG's website has been already updated, but it is as at 30th, April, 2007. The top 20 holders are still holding about 51%. Because don't have the old list to compare, can not find out any clue about JP's 2% change goes to which party.

yeah, we are playing guessing game, only time will tell.

 

[juiceman]

thanksn juiceman.
tried to find any link about this news, but found nothing. Can you post the link?

We may need patience to wait for the take over.

Also noticed the ownership on BDG's website has been already updated, but it is as at 30th, April, 2007. The top 20 holders are still holding about 51%. Because don't have the old list to compare, can not find out any clue about JP's 2% change goes to which party.

yeah, we are playing guessing game, only time will tell.

There is no link to post
I saw it on the TV this morning 10 am ABC business program.
They were interviewing one of JP MORGANS analyst"s and Bendigo Mining was 1 of 10 company"s listed by them as possible takeover target"s.
Hope that help"s

 

[Feng]

There is no link to post
I saw it on the TV this morning 10 am ABC business program.
They were interviewing one of JP MORGANS analyst"s and Bendigo Mining was 1 of 10 company"s listed by them as possible takeover target"s.
Hope that help"s

hi, thanks, Juiceman.
Today we got another announcement from the company.
Now State Teachers Retirement System of Ohio is holding 5.399%, very interested to see another party comes in.
BDG's website has already been updated, they are pretty quick.
Top 20 holders are still holding 51.16%.

 

[Techbuy]

Does anyone know if the $100 million being raised by SBM is going towards a full takeover of BDG?
SBM posted this today
______________________________________________
An Extraordinary General Meeting of the Company is
being convened for Tuesday 26 June 2007 at
10:00am(AEST) at The Westin, 205 Collins Street
Melbourne Victoria, to consider the ratification of the
A$100 million Convertible Note issue announced on 15
May 2007.
______________________________________________