BDR beadell resources limited
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60 cents target in 6 months, page-5

  1. metoo_5
    412 Posts.
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    04/09/15
    22:51
    Post #: 15939963
    With hedging you have to be ABSOLUTELY certain that you can deliver your ounces. Looking back at BDR's production forecast history gives me the shivers.

    Imagine in a rising gold price environment, (when it eventual materializes) BDR having to buy any shortfall on market. Would send them broke before you know. SGW a classic example back in 2004 & their management seamed to be much more qualified then our clowns.
    BDR Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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