Sorry for the slow reply...BDR are still progressing well and looking like expanding their resource a bit further at this stage: "ASX ANNOUNCEMENT 15 January 2013 ASX Code: BDR
DUCKHEAD HANGINGWALL CONTINUES TO GROW
• FVM289 35 m @ 5.6 g/t gold including 14 m @ 8.0 g/t gold
• FVM100 25 m @ 5.8 g/t gold including 12 m @ 10.1 g/t gold
• HW312 25 m @ 4.7 g/t gold including 10 m @ 8.9 g/t gold"
Not only that but the recovery in IO prices will support the low operating costs that they have forecast, so it looks good so far.
As for the chart, I would say that it is ranging and not that exciting, there is some support for the stock but it is currently not giving signs of solid buying to keep it moving up except for the past few days. Looks like if you bought when you did Jancha then good timing.
View attachment 50484
It seems that for a lot of the gold stocks this is the case, a few of the larger guys must be taking the recovery in gold to reduce their holdings gradually, however flawed this thinking may be based on the printing that is ongoing at this point in time. With Germany repatriating some of their holdings, might be the start of many central banks to begin recovering holdings.
I am looking forward to it pushing above that range and to start accelerating.
Thanks for your thoughts on that mr jeff. Out at $1.07 for now but i do like the direction in which it's heading and will be looking to come back in at some point.