Jrowl, I held onto BDG for 6 years with the belief that Kangaroo flats would come up with the goods. When Rod decided to buy Henty I initially thought "bad idea". Then as Kangaroo Flats became a no goer I started thinking Henty was a good idea, which it was. I thought Henty will keep the cash flowing in until they strike gold at Bendigo. But they nevedr struck gold at Bendigo (not since the foumd Gill reef in 2008). And now they are left with only Henty. They ae battling to maintain their cash position and the Gold stone project will need a lot of cash to bring to fruition. I don't think Henty will provide that cash, and there will be capital raisings required if Goldstone find some gold. I just can't see too much apprecition in the SP. I had a lot of hope for BDG but since the Bendigo fields have been written off I can't see much further upside in this stock.
Thats How I see it.
Busting
Busting.
Add to My Watchlist
What is My Watchlist?