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Another 82m shares trade today. Something is going to happen soon.
BGF - Ballarat Goldfields
- Thread starter markrmau
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- ballarat goldfields bgf
Sean K
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That is vey interesting. But only moved a cent?! Has been smashed the past month. 40% in fact. Possibly the hardest of all the miners. Might be worth taking a punt that there could be some corporate action. Has lots of institutions on the share registry. None with more than 10%. Does that make it easier or more difficult to takeover?
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where do i start...
no gold production as of yet, and none to come in the near future
has to go deeper to get at the gold, as they under estimated the amount (or lack thereof) of gold in the old workings which was originally planned.
so to go deeper, they need to raise a further $120m, as well as the planning involved meaning more time, i think 2008-9 from memory before this stock promises to mine...best to check their anns. if you want further clarification.
no gold production as of yet, and none to come in the near future
has to go deeper to get at the gold, as they under estimated the amount (or lack thereof) of gold in the old workings which was originally planned.
so to go deeper, they need to raise a further $120m, as well as the planning involved meaning more time, i think 2008-9 from memory before this stock promises to mine...best to check their anns. if you want further clarification.
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I am surprised no one on these forums has mentioned the announcment of the possible merger with LHG..
have a read of the announcments..
have a read of the announcments..
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I'm suprised how much consolidation is going on in the Gold Sector, I mean Someone bought SED, LVR and PSV are merging, now LHG is swallowing up BGF,
I think BDG has to be next
I think BDG has to be next
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down today...? worth holding or sell?
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Anyone want to offer their general consensus on BGF...
strong support at .25 ...
but has been down for the last 2 days after announcing the LHG merger..
thoughts ??
strong support at .25 ...
but has been down for the last 2 days after announcing the LHG merger..
thoughts ??
Hi MB,
It seems BGF's price is now pegged to Lihir's. LHG closed at $3.11 the day before the announcement, so this was the price that the $0.288 per share for BGF was calculated. So, yesterday, LHG closed at $2.78, so each BGF share was worth $0.2574, hence it's closing at $0.255. If LHG get's back to $3.11, then it will need to rise by 11 cents to see a 1 cent increase in the BGF price. I hold LHG long term, so am bullish on the stock, however, I don't see it rising to rapidly in the short term, therefore BGF, I believe, is limited to where it can go. However, if you can trade LHG, then at the moment, you can trade BGF.
I bought in last week at $0.24 and caught the announcement. I have held through the last couple of days, waiting to see what happens with Lihir. Gold was up again overnight, so we should see some good play in the gold sector today (hopefully).
Dave
It seems BGF's price is now pegged to Lihir's. LHG closed at $3.11 the day before the announcement, so this was the price that the $0.288 per share for BGF was calculated. So, yesterday, LHG closed at $2.78, so each BGF share was worth $0.2574, hence it's closing at $0.255. If LHG get's back to $3.11, then it will need to rise by 11 cents to see a 1 cent increase in the BGF price. I hold LHG long term, so am bullish on the stock, however, I don't see it rising to rapidly in the short term, therefore BGF, I believe, is limited to where it can go. However, if you can trade LHG, then at the moment, you can trade BGF.
I bought in last week at $0.24 and caught the announcement. I have held through the last couple of days, waiting to see what happens with Lihir. Gold was up again overnight, so we should see some good play in the gold sector today (hopefully).
Dave
