Your post then was soon after my long post explaining all pros and cons at the time, and probably in response to my post at the time, as I can remember you starting by referring to a “very long winded post”.
http://hotcopper.com.au/threads/cheap-bargain-share.2523899/page-4#post-15429117
These were my posts at the time –
http://hotcopper.com.au/threads/cheap-bargain-share.2523899/page-157?post_id=15425719
http://hotcopper.com.au/threads/cheap-bargain-share.2523899/page-184?post_id=15429117
Check all my comments properly including that one and few others passed since then, and I have been right on target ever since too.
I mentioned all pros and cons then but mentioned expressly that I would not be buying then and warned everyone that I thought it would go lower. I also warned of important reasons like seasonality, multi year low being tested, etc.
One can be short term bearish on a stock but longer term bullish I only topped up recently last week finally, and informed everyone on the same day.
Everyone knows there are safer goldies and BDR carries higher risk/reward, but it does not carry some unmanageable risk as some people would like to believe. BDR forum has some of the harshest self critics you’ll see on any forum, and all issues have been discussed thorougly here, and people know exactly what they are getting into. I’m sure people also have some safer goldies in their portfolio.
Company not meeting guidance in short term is of no consequence to long term holders. It only becomes an issue if we start having cash problems. If gold starts soaring from now itself, then there is no reason why money should not pile into BDR, as the equation would change completely.
Anyway, there is no point in discussing this as everyone has their own preferences, and it will just be a back and forth debate.
