BGL 0.74% $1.36 bellevue gold limited

cheap as chips, page-16

  1. 1,525 Posts.
    also if you don't winge on hotcopper its also a good sign. At the moment why pay more when one can easily buy from those who look at the price every 30 seconds rather than on a monthly basis. If you bought for short term then sorry you may well loose out. If you bought because you expect that there is good quality and a large resource you don't care where it is today as you know that when the market learns whats actually there then your investment decision will be proved right.

    After all all the details provided todate have not been significant to actract people.

    Ideally we know that Teeg was drilled but no basic map of site and drill holes has yet been provided.

    Also im sure that there is an indonesian asset or two that company wanted as they said that they had some that they were considering but needed the cash upfront. So this could show anytime.

    Also Ideally we could see AKM go anytime and look how depressed their share price is.

    In the current market people are looking for companies with results rather than speculating on what can be. For some sitting on the side for now they will sacrifice 20-30% possible gains for more certainty on theor shares value. Sure DRG may well provide the goods and a swift change in centament may occur but the main facts are:

    Board and staff are currently a bit thin and need to be corrected. Mark is the on the go man so alot of work is in his hands. Jade is the paper work girl and looking after all the nitty gritty stuff here with Andrew. As far as I can see that is currently all there is. Take a look at RAU for example they are a really penny dreadful but have a larger board and on ground staff who belong to the company. More expert resources are required to firm up this as a true company. We have an exceptional land holding of 8 licences but there needs to be more work and proof in the pudding (so to speek). The bones are here for DRG now the team needs to fill up the bones to make a company. It may take a few months but it will happen.

    I would also guess that there is only around 500k in shares which are floating here and there at the moment either due to people needing cash or just to see the markets appetite.

    So lets see what the company does now and then we shall see.
 
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Last
$1.36
Change
0.010(0.74%)
Mkt cap ! $1.733B
Open High Low Value Volume
$1.36 $1.37 $1.33 $9.286M 6.867M

Buyers (Bids)

No. Vol. Price($)
1 15000 $1.35
 

Sellers (Offers)

Price($) Vol. No.
$1.36 69011 6
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
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