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.
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.
I am in at .60....gold is the way to go now...next target 1420 and then on to 1500,1520
BDR is well placed to rise very quickly...low production cost miner and has recently announced a dividend policy.
Get on and enjoy the ride!!
Some impressive results out last week
EXTREME HIGH GRADE DUCKHEAD DRILL RESULTS FROM SURFACE
• 41 m @ 54.9 g/t gold from surface including 1 m @ 1,817.6 g/t gold
• 22 m @ 58.2 g/t gold from 1 m including 1 m @ 832.9 g/t gold
• 24 m @ 35.9 g/t gold from surface including 1 m @ 813.4 g/t gold
Accumulator: Gold's next target could quite easily go the other way and with it BDR that's the uncertainty of it reflected in its price. However BDR is a low cost producer and has hedging in place which is a plus. How low can it go from here depends where Gold goes and it seems to be just a guessing game atm as to which.
Some impressive results out last week
EXTREME HIGH GRADE DUCKHEAD DRILL RESULTS FROM SURFACE
• 41 m @ 54.9 g/t gold from surface including 1 m @ 1,817.6 g/t gold
• 22 m @ 58.2 g/t gold from 1 m including 1 m @ 832.9 g/t gold
• 24 m @ 35.9 g/t gold from surface including 1 m @ 813.4 g/t gold
Accumulator: Gold's next target could quite easily go the other way and with it BDR that's the uncertainty of it reflected in its price. However BDR is a low cost producer and has hedging in place which is a plus. How low can it go from here depends where Gold goes and it seems to be just a guessing game atm as to which.
Another plus at the moment is BDR is located in Brazil and the Brazilian Real is heading south against the $US. Short term looks good with gold on the rise.
From a trading point of view this isn't a bad one to follow. Bought back in @ 62c a week ago and just by watching the trades and gold holding it's current price BDR looks like it may have a crack at the 70c mark. Thoughts Boogo?
Any thoughts on this one? Should have a good chunk of debt paid off by the end of the year, gold will keep going up, this should keep moving up I think.
Hi all, I'm new to the stock market game but I have been keeping a close eye on stocks and trying the learn the way. I'm going to start investing but I just want to know peoples thought on BDR (beadell resource LTD) if done a bit of research on them and it will only be a very short term investment, it's been getting some media but I wanted to know other people opinions were on it? Cheers
Had a bad day today on what was a slight miss but nothing too alarming.
Market caned it whilst other goldies went skyward with attitude on the biggest spike in gold price for 3 months.
Beats me!
Did I miss something?
Happy news for BDR holders and that includes me with the acquisition story. This is one which I have held for long time due to technical strength even the price was deep down south. I got the hunch that the only way it can go up is to get an acquisition. But was not expecting today as was trying to buy it more but the price kept on going up until the trading halt happens. Greed is not good.Beadell Resources to be acquired by Great Panther Silver Limited (TSX: GPR; NYSE American: GPL).
Beadell shareholders will receive 0.0619 common shares of Great Panther for each ordinary share of Beadell resulting in the issuance of approximately 103.6 million Great Panther shares. The exchange ratio implies consideration of 8.6c per Beadell share.
The directors of Beadell Resources have unanimously recommended that shareholders vote in favour of the scheme of arrangement in the absence of a superior proposal.
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