BDR daily SP movement, page-2530

Evening guys,

A lot of caterwauling here today, and whilst it was a frustrating day, a 17c close is certainly not the end of the world - especially considering that this represents a 70% gain from BDR's intraday low just six months ago (see chart below for confirmation).

UBS thinks BDR is undervalued on a peer comparison basis at least;



Additionally the 6 month share price chart is doing okay. After today's data is included it will show:

(1) Share price touched a(n equal) period high of 18.5c today

(2) Trading volume, at +20m shares, was at a six month high today



Shareholders certainly can't expect large share price moves in BDR until company specific data is released confirming that the new management team are effecting operational changes at Tucano.

Unfortunately that requires patience which (understandably) is in short supply when others in the sector are racing ahead.

Not the time to sell IMO, but if you are I am gratefully accepting your shares.

Cheers
John