Australian (ASX) Stock Market Forum

BDG - Bendigo Mining

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Too many instos in this to see it slide too much. IMO.

I'm still holding from a buy at $1.39.....

I didn't buy this to 'trade' however, so didn't follow any trading rules when it tanked. (if I could have even sold) I normally sell 10% down.

Don't hold much of this though.
 
:)

Hi folks,

BDG ..... fwiw, it should finish 2006 on a very strong note !~!

..... and BDG is a typical example of the dilemma that faces
all traders, when a stock falls off its perch ..... that is, at
which point do we re-enter this market???

If we consider the price axis alone, then our TA will be
focused on a PRICE level that may have been historical
support ..... ..... at the lower edge of a trading channel,
for example.

Tools for analyzing the price axis seem to be endless, but
even if the price level from our TA proves to be correct, how
long will BDG bounce along on its lows, before lifting into
the next upswing ..... ???

Maybe, if we do some analysis of the TIME axis and marry
it to our analysis of the PRICE axis, we may be able to
come up with a better entry, BEFORE the next rally comes
along.

As time moves on, confirm your regular BDG analysis with
the following time cycles:

25102006 ..... minor and positive (intraday move only)

30-31102006 ..... 2 minor cycles here .....

03-06112006 ..... minor

21112006 ..... minor (intraday)

23112006 ..... significant and positive - finances???

30112006 ..... positive spotlight on BDG ..... :)

13122006 ..... significant and positive news here???

15-19122006 ..... 1 major, positive cycle and 2 minor cycles


27-29122006 ..... 2 cycles and a strong rally here ... ???

In January 2007, BDG still should stiil be well supported,
but February 2007 will likely bring the next slide in price.

happy days

yogi

:)

=====
 
Rumours flying that BDG might be the ones merging with BGF. If this is true I wonder if it is actually a good thing for BDG. BGF seem to be encountering a lot of problems getting their gold out of the ground.
 
There really has been alot of consolidation going on in the Gold sector, with LHG going for BGF, SED taken out, and LVR and PSV merging,

I think BDG is the next target

Its funny they can't seem to find enough Gold so why not just buy it at really cheap EV/oz

I'm punting it
 
BDG has held up amazingly well after intial crash through $1, it has held 95c-$1.05 on the back of falling gold price and huge selling/liquidation by its 3rd largest shareholder,

Once APS's selling is done I think this will easily sail back to $1.30 intially before moving higher, as Kennas said in the LHG thread, an upsurge in the gold price is just around the corner, after US elections (the powers that B will stop molesting prices and fixing mkts after this point)
 
BDG should have a lot of support at $1.00. Can't imagine it dropping far lower than this, pending more bad news. Next to be consolidated I reckon YT.
 
Good finish to the day and could climb more tomorrow if gold keeps going strong tonight. Could be good short term news while we wait for the takeover.
 
Profitseeker said:
Good finish to the day and could climb more tomorrow if gold keeps going strong tonight. Could be good short term news while we wait for the takeover.
Click to expand...

Taking over LVR has thrown a little spanner in the works for a takeover I think. Mightn't be a good time for anyone to be picking them up....Having said that, down from $2.50, this must have had the uler run over it at a time when it's just starting to produce, unhedged with POG consensus going north over the next 2 years....Hopefully NCM or LHG buy them before they are taken over..
 
I'm out. Nothing really positive in the ann for me. I'm waiting for it to recover a bit now. This might be the bottom, but there's scope for more disappointments.
 
I think it odd that they would need money straight away. I thought I read in their report that they had $58mil cash at the end of September. Must be big spenders :confused:
 
kennas said:
I'm out. Nothing really positive in the ann for me. I'm waiting for it to recover a bit now. This might be the bottom, but there's scope for more disappointments.
Click to expand...


You reckon placements and SPP will make it tank?

p.s. if you've got CFD's on this thing can you take up SPP? Wouldn't think so as another party (IG Markets) owns the shares, interesting to see how it will work
 
YOUNG_TRADER said:
You reckon placements and SPP will make it tank?

p.s. if you've got CFD's on this thing can you take up SPP? Wouldn't think so as another party (IG Markets) owns the shares, interesting to see how it will work
Click to expand...

Hard to tell YT. Market sentiment seems to be back on gold in general, so might hold up. Macquarie and Goldman behind it so should get the placement funded pretty easily.

11m oz resource along 5 lines below an area that did produce 22m oz, so it's there. Still 5 years from full production, so it's a waiting game.

They wouldn't want to come out with too many more 'bad news' updates.

Short term, or long term view?

If it does tank, that would be my queue to buy back in. And I reckon some institutions would be looking to take a stake at any lower prices, because the long term prospects are there.
 
mikegant said:
is there ever any good news when there is a trading halt, or is it always bad?
Click to expand...

The trading halt is just about announcing the capital raising and allowing the market so soak up the information. Doesn't have to be a bad thing. The information provided by Bendigo in their ann is already known to the market, so probably no effect.

One good thing was their emphasis that their recent downgrade of the reserve estimate did not effect the overall inferred estimate of 11m oz.
 
so another capital raising

When I started following this company back in 2001 it was around 15-20c, which would be about $1.50- $2.00 in current prices.

Gold has gone from under $300 to $600 yet these shares have nerly halved. Bang up job management.

No wonder Harmony walked away, something is not quite right either with the reserves (and extracting them) or management or both

I do not hold but continue to watch, maybe at 50c (5c) I will be interested again
 
Well the Insto's were more than happy to pick up 60m+ shares at 80c to raise $50m THATS A DAMN QUICK PLACEMENT!

Shows faith, I'm happy that it wasn't lower than 80c as this is the last level of support, with raising done here it will become a very strong level of support

GOLD up to $620+
 
YOUNG_TRADER said:
Well the Insto's were more than happy to pick up 60m+ shares at 80c to raise $50m THATS A DAMN QUICK PLACEMENT!

Shows faith, I'm happy that it wasn't lower than 80c as this is the last level of support, with raising done here it will become a very strong level of support

GOLD up to $620+
Click to expand...

I agree Sam. $0.80 was going to be the last stand for BDG, and for instos to jump in so quick, it's very positive. When the dust settles after being back trading I might be CFDing this myself. Hopefully, gold holds, tests $620 on the downside, bounces and then becomes new support and return of the gold bull. Too early to tell yet.
 
lol, my GSL was 83c on my CFD trade,


I rang up at 9.58am and asked them to move it to 79c

LOL, I'd be stopped out otherwise,


HANGING ON TO THIS TRADE BY THE SCRUFF ON MY NECK!!!!!!!!!!!!!
 

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