BDR is apparently in top 30 for shorts.Most BDR shares are held by big institutions including recently CBA.I used to naively regard that as a vote of confidence.I don't any more.Could it mean that these big powerful holders are collectively betting that BDR will decline.
I remember in I think 2011 you were frequently posting wrt shorting of BDR and eventually the SP collapsed.Do we have any positive catalysts?..These big powerful shorter are attracted by mining companies with a single mining product whose shares track the price of that commodity.With BDR its the POG.They surely would have superior judgement on which way the POG is going
I hope I am wrong and just being a panic merchant.I would like to hear opinions on this
BDR Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held