BDC 0.00% 52.0¢ bardoc gold limited

There have been 3 announcements since the 13th September (2.5...

  1. 2,371 Posts.
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    There have been 3 announcements since the 13th September (2.5 months) that relate to excellent results and a resource extension:

    Ann: Strong drill results highlight potential to grow mine life - https://hotcopper.com.au/threads/ann-strong-drill-results-highlight-potential-to-grow-mine-life.6281183/

    Ann: Outstanding results upgrade potential at North Kanowna Star - https://hotcopper.com.au/threads/ann-outstanding-results-upgrade-potential-at-north-kanowna-star.6392072/

    Ann: High-grade results confirm extensions of Zoroastrian Deposit - https://hotcopper.com.au/threads/ann-high-grade-results-confirm-extensions-of-zoroastrian-deposit.6444740/

    But unless these drill results get translated into a JORC resource / reserve upgrade, they are unlikely to have a significant impact on the share price - unless there are major grades discovered.

    I think $0.10 for the gold is a more than realistic given what we know, and your reasoning about deciding to sell as you wanted to invest in a gold explorer becoming a miner is reasonable.

    What I think may happen though is someone will buy the ground and the company will keep some money for the next opportunity (South Woodie Woodie?) and probably pay a special dividend of some sort.

    Whilst nothing is certain, tomorrow looks to be an interesting day, and hopefully we get a bit of a bump in price as the company has had plenty of opportunity in the last few months in order to formulate a plan.

 
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Currently unlisted public company.

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