Ann: More High Grade Results from AB1, AB2, AB SUL and Duckhead-BDR.AX, page-51

@atomic79 Hi there....
You see what I meant, right?
Opened up, hit a hi of 55 (on good news), and ended unchanged on the day. WTF?
By way of comparison, the XGD index was the second best performing ASX index today, up 2.12%, BDR quite literally struck gold (see image) and ended unchanged.
A second contrast - RSG also quite literally struck gold, hit a new 4 year high, and after pulling back off the highs , ended up 16.22% on the day - not a bad day's work.
Something doesn't smell right.
Personally, I don't - ever - blame shorts, as some like to do. I don't blame anyone (I take responsibility for my own decisions / trades - read my signature).
If it's shorts (which is not illegal), people don't short out of malice. They see issues, and seek to profit from them. It was never different.
Nor do they (shorts) send companies under. DSH, SGH imploded of their own accord (not that I'm saying this of BDR), ppl saw those co. going down (or worse, under, and I don't mean "Down Under"), and did the obvious. And why not? We're not doing this to find love.

Just thinking out aloud, that something doesn't smell right. Given a good day for goldies, given a) a rise in POG as a result of dismal US Q2 GDP which I Posted in real time Friday night 10:30 pm AEST (Gold Forum - and here too, I think), causing gold to spike, and b) good news (which I concede may well have been leaked hence the recent rise, and those "smart" buyers sold today to the retail suckers) , today was ...odd.
Exactly the same happened to MOY last Friday (yes, a much smaller company) - it moved up for a few days, released good news, and closed lower on the news.
Maybe it's as simple as the old slogan"buy the rumour (leaks?), sell on the news". I don't know. I'll post a weekly price chart of BDR below the News Release (of course this is an incomplete week - and who can say how it will pan out). I reckon there was a lot of exuberance today when BDR hit 55 c (well, I was pleased!)....and then disappointment to see it end unchanged (hadn't hit 55 since week of 22 Aug, 2014, 2 years ago).
Personally, I'm a strong believer in price......it reveals all. Everything else is BS. i.e. the dazzling array of TA nonsense that we often see, sometimes descending to the depths of astrology.

We need to see a Daily Close (Weekly is much better) above 51...not an intraday hi - which I don't think we have (Weekly Chart below) since week of Aug 12, 2015, clearly a strong resistance level.

P.S For those who might say "give me a break dude, it's run from 10c to 50c since Sept last year", yes it has, gone exponential (which has its own issues...), but it's still 50% below 2012 highs, and POG in AUD is pretty much the same as then.....TRY, PRU, MML, SLR others, still 80-90% below 2012 levels, for that matter.

Why is that? I might add that EVN (which I also hold, since Oct 2014), is 50% above 2012 highs, rising constantly during 2015, the year gold hit multi-year lows (USD 1,050).
There may be many explanations ("the companies are completely different animals in the last 4 years...don't compare etc...").
Of course they are. But this is no "accident". Ditto NST. Companies don't expand, diversify, make money "by accident". They must be doing something "right".
I've nothing against mid -caps ( or specs - I hold MOY, have held BAR, EXU, SAU, WAF ) - EVN was exactly that - a 2nd-tier mid-cap when I first bought in ( but is now valued at almost 10 times BDR).
Something to think about,.....maybe.......
As usual, just my 2c...or..in this case...51c.
BDR - WEEKLY
GLTAH .