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BDG - Bendigo Mining

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Gold up. Production looming. Attention in the media. Some big buyers in the market depth. Could the expected surge be on soon?
 
Annoucement out. Commercial Production has begun. It will be interesting to see what it does to the share price tomorrow.
 
Profitseeker said:
Annoucement out. Commercial Production has begun. It will be interesting to see what it does to the share price tomorrow.
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Oil and gold down overnight will temper any excitement today (unfortunately) I think.
 
I luckily sold out yesterday at 1.405... may look to get back in once gold settles a little...
 
My out is around $1.25. So, maybe I'll be out this arvo!

Gold might settle at $570 or even head to $540. After that, north again. The EW dudes are thinking that too I think.
 
I thought historically gold surged in october though? Is this true and is a surge still on the cards according to the charts?
 
Ouch. 6% down. $1.31. Looking sick.

Company announces it's just started commercial production, JP Morgan up their stake to 12% and wham! Obviously being unhedged is dangerous when gold slips a few $$$.

$1.25 doesn't even look safe to me now. Maybe $1.20 and then $1.00 is possible.

Obviously, if gold bounces this will too......
 

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If $1.30 gives (ie down to say $1.20 for a few days) then I see 80c as next stop down,


Sean you get my PM?
 
Certainly teetering on its SP support level at the moment, even a couple of cents below it at todays close.
Golds not to flash ATM, XMJ copped a hammering today and most gold stocks are just hanging in their.
BDG's not the only one looking a bit shakey, BSG copped a hammering today, SBM is at its support, LHG had a bad day, as with as with the other goldies.

Will be interesting to see what tommorow brings for BDG, can it actually tank even further (don't think so!, unless the bottom falls out of gold). More than likely it will have a small rebound to the mid $1.30's, Today's SP fall seems a bit overdone. BDG's seems to have a lot of potential as a junior.

If it BDG falls below $1.25, I reckon a lot of stops will get hit and the SP will look sad for sure, wouldnt want to be holding below $1.25.
 
Whoa, look at what just happened with this one... Down grading of some of the resource by one third...
 
Freeballinginawetsuit said:
If it BDG falls below $1.25, I reckon a lot of stops will get hit and the SP will look sad for sure, wouldnt want to be holding below $1.25.
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In freefall at the moment there most be something bad happening
Was about to buy this one the other day thought I better read what other people had of opinion here on ASF. Thank you very much for your posts

Finnsk
 
Ouch.

Bounced off $0.95, down at the lower support level. Oversold I think. Can't imagine there being too much more selling from down here. The lowest anyone has paid for this stock over the past 2 years is about $0.85.
 
kennas said:
Ouch.

Bounced off $0.95, down at the lower support level. Oversold I think. Can't imagine there being too much more selling from down here. The lowest anyone has paid for this stock over the past 2 years is about $0.85.
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Traded BDG a few times,done the fundamentals on it and I like it!.
Had a quick read of the announcement, seems that the third downgrade on its resource might just be on the perimeters.

Reckon todays reaction is overdone, on fairly low volume and it should bounce.

Anyway didn't have much time to make up my mind and I'm in for the big punt, heres hoping it bounces, bloody cheap at these prices.

My opinion only, make up your own mind.
 
tarnor said:
great example of how TA could have saved ya @ss
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It did save me at $1.32, thats not to say I don't like it at 98c.

Still think its pretty good value at todays prices. A lot of volume though and big sellers, with no quick rebound.

See what pans out in the next few days, may have to eat humble pie on this one.
 
Sliding even further now after the hammering on Monday. Was thinking of getting back in around 1.00 but glad I waited a bit. Hard to pick the bottom on this one; I think I'll wait for some positive news first...
 
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