Ah yes, the wretched art and science in investment diversification. Sounds so simple and logical but emotion (that ever-changing interplay of greed and fear) gets into the way, as usual.
If one has idle cash sitting in the bank, then does one top up on more BDR shares because one really, really believes in its excellent sp growth potential or does one restrain oneself and diversify into other gold jrs because that's the correct way of investing?
Should the case be the latter, then how is that a wiser decision if, based on one's perspective and intuition, BDR offers lower risk and better near-term growth? Quite a counter-intuitive contrarian investing style.
Is the sacrificed growth differential a form of insurance premium payable for a slightly more secure investment portfolio?
For the more disciplined amongst us, there are still a few jrs out there worth checking out: SGV, CGT, HRT. Note that these are listed on the TSX, which is larger than the ASX.
To binwood:
If Canadian goldies are also your cuppa, then HRT (Harte Gold) might be of interest to you. It adopts a different mine development approach and funding pathway; and its measured and indicated resource is about 8g/t. No, there's no typo in that numeral.
Sugar Zone might be HRT's reply to BDR's Dickhead. The North Americans have this concept of capped vs. uncapped resource, which impacts on the measured and indicated grade. A bit of a learning curve there.
Recent review:http://investorintel.com/gold-precious-metals-intel/harte-gold-sweet-smell-sugar-zone/
I don't know how sound is Christopher Ecclestone's review, though. Note the second comment to the article, too.
BDR Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
