Firstly, I don't provide financial advise. However, I did picked up a further 310K BDR shares yesterday at 5.9 cents for that exact reason.
Rationale: BDR shares were trading at a 10% discount to merger value. To increase my exposure the gold and silver going forward. Over the last month the relationship between gold and major currencies has been broken / infers that gold will hold and strengthen in the near term
Overnight action: GPL shares traded up 6% to 80 cents (USD) Gold is up from $1310 to $1321 AUD is buying 71.4 cents to the USD
Based on the above inputs BDR shares in the merger are currently worth 6.94 cents. BDR is trading at discount of 1.2 cents (20%) going into its last trading day on the ASX.
BDR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
