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BDG - Bendigo Mining

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hey kennas & young Trader,
Just wondering what your thoughts are on this one ATM?, got down to $0.805 today. Although the whole sector & market was down.
For the record I got in a couple of days ago.

Thanks in advance, Cheers.
 
The Mint Man said:
hey kennas & young Trader,
Just wondering what your thoughts are on this one ATM?, got down to $0.805 today. Although the whole sector & market was down.
For the record I got in a couple of days ago.

Thanks in advance, Cheers.
Click to expand...

MM,

With the placement at $0.80, you'd think there's limited downside.

Risks would be another resource downgrade (even though their 'downgrade' was just the reserves and did not effect the total 11m oz measured JORC) or POG being smashed. I think POG is heading back up now, but it's too early to say that with absolute confidence. If it breaks $640, then I think the down/sideways trend is over.

Upside risk is $US dollar weakness sending POG significantly higher, and how about a takeover offer? Come on NCM, NEM, or AGG - time to pounce!

I have not bought back in yet. Sill waiting for the dust to settle.
 


Management Quotes:
'Might decrease perimeter reserves 30 percent, but that might have no effect on total reserves', ' Management is on a learning learning curve, learning as we go!', that second ones a beauty. Gotta say the insto's must be pissed that some turkey on a learning curve is managing a Company with a 500m cap ( at least it was prior to his learning curve).

I've got a bit of coin in BDG and I'm certainly not impressed with management, I wonder if the CEO has returned from his sick leave (probably induced by his uneccesarily cloudy last announcement).

Gotta say that BDG looks good on paper, I reckon if it wasn't held so tightly by insto's it would probably be a takeover target at these SP prices.
 
Still on my CFD's, GSL@79c, thinking of dropping GSL down to 75c or so just to be safe,

Considering at 80c its capped at $360m or so and LHG paid $350M for BGF I'd say its a definate takeover target now, just got to get the Insto's Approval, although APS seems to be eager to exist, I'd say there the big sellers of late
 
Considering at 80c its capped at $360m or so and LHG paid $350M for BGF I'd say its a definate takeover target now
Click to expand...
Sounds good to me
before I bought I made the decision to hold for a while either way.....sitting waiting,sitting waiting.
 
lol, I woke up this morning after 3hrs of sleep, checked mkts quickly n thought hmm maybe I should drop my GSL on BDG from 79c to say 74c and what do you know stock dropped to 79c, lol I'm hanging on by my teeth to this CFD trade
 
YOUNG_TRADER said:
lol, I woke up this morning after 3hrs of sleep, checked mkts quickly n thought hmm maybe I should drop my GSL on BDG from 79c to say 74c and what do you know stock dropped to 79c, lol I'm hanging on by my teeth to this CFD trade
Click to expand...

YT no disrespect but why did you buy this?
gold still has alot of work to do and this stock is in a clear downtrend?
does it seem cheap to u?
 
Agree with everything you said Niz,

Here's my reasons


1. CFD investment here = 1% of my investment wealth

2. No exposure to Gold apart from HLX options (see thread if interested)

3. Most Important: The amount of consildation going on in Gold Sector with LHG T/O of BGF the final straw for me to jump in


Very very cheap right now
 
YOUNG_TRADER said:
lol, I woke up this morning after 3hrs of sleep, checked mkts quickly n thought hmm maybe I should drop my GSL on BDG from 79c to say 74c and what do you know stock dropped to 79c, lol I'm hanging on by my teeth to this CFD trade
Click to expand...

So your still in?
I wondered if you were sold this morning.
I'll be holding for the moment....
 
YT, I think your comparision of market cap and value to BGF was very pertinent. BGF have 1.4m JORC and BDG have 11m JORC, both valued the same? Doesn't add up.
 
kennas said:
YT, I think your comparision of market cap and value to BGF was very pertinent. BGF have 1.4m JORC and BDG have 11m JORC, both valued the same? Doesn't add up.
Click to expand...
Good Point.
Not many people looking to sell in comparison to buyers, this has been the story for the last couple of days. more demand then supply. Isnt this good?
Market Depth
BUY
Number Quantity Price
6 108,874 0.795
18 192,235 0.790
13 121,250 0.785
13 235,400 0.780
7 237,900 0.775
11 132,473 0.770
12 198,701 0.760
2 15,000 0.755
30 243,997 0.750
3 36,167 0.720
SELL
Price Quantity Number
0.800 3,347 2
0.805 10,000 1
0.810 113,471 10
0.815 70,114 6
0.820 245,513 4
0.825 28,000 1
0.830 29,600 3
0.835 30,000 3
0.840 33,070 7
0.845 120,287 6
Just noticed Golds also up over $618
(edit: tried to space them but obviously it dosnt let you do that, Cheers)
 
When better production figures come out to reassure the market this should fly. I think we will be looking pretty in about March of next year.
 
Freeballinginawetsuit said:
I wonder if the CEO has returned from his sick leave.
Click to expand...
Just noticed this Announcement:
Cheers
 
One of those goals must have been to lose 40% off the sp.
 
Caliente said:
ok, this has popped up on radar. thoughts from technical traders?
Click to expand...
I think YT has some skill in that area... might want to ask him to add his .
EDIT: I take that back after reviewing post 41 , YT "I'm not much of a tech" Ok mabey he can give fundamentals
 
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