BDR at 57.5¢. Fantastic if you want to buy, but crap if you are holding her downwards.
My research has Hartleys Research having a ‘buy’ on Beadell Resources with a 12-month price target of 93¢ a share as from 2nd April. Then Deutsche Bank reissued their buy rating on Friday for 75¢.
BDR has a market cap of A$463 million and a price-to-earnings ratio of 4.17 - One of the few goldies actually making a profit from last reporting cycle, possible divies soon, debt decreasing, high grade gold and yet here we are at 57.5¢.
Meanwhile the shorters are making heaps of $$$ at the expense of holders. There is not a peep from management or even good old Mr ASX as to why this sell off is allowed to occur or why the SP has declined each day regardless of Gold price or other goldies making green percentage rises.
I now understand why many on here are ‘angry and frankly annoyed’ at these going ons. Surely it has to end soon?
Meanwhile I sit and wonder, scratch my head, wonder some more and then shake my head in disbelief that a company like BDR is this controlled.
Oh yes, good call Vontrader even though I thought you were crazy to sell this low.
(That is my vent for the day!!)
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