For BDR to go below 15c........who ever wants to buy at that level may have to wait...... I don't know how long but I wish forever. They should wait forever. Period.
For that gold has to crash to 1000 probably......OR management have to stuff up the operation. It can happen but very unlikely.
Anyway with Van Eck ...they did sold roughly 34 million shares so far and probably still selling by the look of it. They sold a bit from all of their existing holdings and added PRU, SLR and RMS.
Column 1
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1
21
St Barbara Ltd
SBM AU
42,659,276
$54,377,271.65
1.85%
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1
31
Resolute Mining Ltd
RSG AU
47,160,949
$33,104,110.89
1.13%
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1
44
Silver Lake Resources Ltd
SLR AU
64,466,447
$23,481,200.49
0.80%
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1
36
Perseus Mining Ltd
PRU AU
110,583,214
$27,949,949.16
0.95%
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1
46
Ramelius Resources Ltd
RMS AU
71,512,238
$22,456,388.41
0.77%
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1
49
Beadell Resources Ltd
BDR AU
102,233,629
$17,314,809.58
0.59%
They are reducing their USD Gold exposure and increasing AUD Gold exposure. PRU would have qualified on the point of market cap and large resources. Currently performing very badly.
P.S:-@wombat53.
No offence but just a query. Your analysis seems to be of a very wise man. My question is do you actually put your analysis to work and make money or is just analysis. It is one thing to submit analysis, totally different beast to make money in the market. Often I have met people who seem to know everything, anything you talk about they have seen it, done it, almost have answer for everything. Yet they have very little to show for achievement. On the other hand seen people who don't appear to know a lot but have a lot to show for achievement. As I said I do respect your opinion and please do not get me wrong. I have only been for few years in the market and you seem to be in the markets when I was in my nappies. You are among very few of them who were ringing the alarm bells for gold downturn.
Thanks
