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BGF - Ballarat Goldfields

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Re: BGF Ballarat Goldfields

Your probably better off to value BGF on 5x annual cash flow.

You could also use a $ per ounce (I think $50AUD is reasonable), at that figure it looks a little overvalued if you say market cap it $400million
I guess there is some exploration premium attached which is harder to value
 
Re: BGF Ballarat Goldfields

bvbfan said:
Your probably better off to value BGF on 5x annual cash flow.

You could also use a $ per ounce (I think $50AUD is reasonable), at that figure it looks a little overvalued if you say market cap it $400million
I guess there is some exploration premium attached which is harder to value
Click to expand...

The market capitalisation is over $400 mill already and if you read the last analyst report and use there figures they calculated it on less than the current spot price of gold. The probabilities are 90% of it going to 67 cents just on what it has so far...5 yr cashflows really at present are not something to go by as it will probally see you not get involved in a lot of profitable miners.

BGF would have been one of them.....so i really disagree with you here as you have even no knowledge of the market capitalisation...so the only way i am going to see any reason in what you said is if you provide the figures and the assumptions that i have presented and are currently excepted.

Waiting for you.....
 
Interesting volumne yesterday with no announcement. It appears maybe someone is accumulating. Lots of little orders went through
 
I been holding since .43 and bought more at .465 today..
I expect it to defently go to 50 cents by the end of the month with future potential such as take overs..
 
Dud call on this one. Turns out they have a loss of 16 million, and their so called first pour is so small it wasn't even mentioned. Lots of people bailing and big seller at .445 Sorry guys, but this one may take a big nose dive.
 
crackaton said:
Dud call on this one. Turns out they have a loss of 16 million, and their so called first pour is so small it wasn't even mentioned. Lots of people bailing and big seller at .445 Sorry guys, but this one may take a big nose dive.
Click to expand...

looking at the chart, it seems as though its still strongly trending upwards. POG about $562 us/ounce today, with not many of the aussie gold stocks moving with the increase in the Gold price. It seems as though investors are looking for positive signs that the gold run will breakout of this short term consolidation/correction before returing to gold and gold stocks. In the short term, IMO further losses are possible, but for the longer term holders, it looks like its just correcting before further gains.
 
SBM, definently good atm. I totally agree with BGF, probably best to sit on the side lines for now.
 
New deposit unearthed in Ballarat gold mine
Ballarat Goldfields has discovered its biggest gold deposit in many years.

The gold has been found more than 500 metres underground below diggings from the gold rush era of the 1850s.

The company's chief geologist, Steven Olsen, says it is a very significant find and the most important since the company first found high grade gold in the 1980s.

"We've discovered a break in the rock which has very large amounts, or large quantities of gold, and certainly quite a bit more than we believe was mined historically," Mr Olsen said.

"The ore bodies that were mined historically were on faults that moved the rock about five or 10 metres, the new fault that we've discovered has moved the rocks up to a 100 metres and seems to have grades up to twice as high or even more than what they mined historically."
 
Pretty sure this is the "blue whale" fault as discussed in the announcment dated 26 April. check it out...regards
 
Very interesting that a couple of bids for a million shares a piece went in today with only 2 mins left before close (the auction) at 0.43.I couldn't resist so banged an order in at 0.435 and got a few.

BGF have taken a big hit the past few days, even with Gold going up, so I am looking for a bounce and / or some news to come from the company.This lack of news seems to be the reason for the sell off.Purely a CFD short term trade for me with this one.

Incidentally I did an Elliot wave calculation on BGF ages ago and have a wave 5 high of 0.57 which is still well intact, so here's hoping.;)
 

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