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6.5¢ beadell resources limited

Ann: 2015 4E and Full Year Statutory Accounts, page-259

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LeanneDawn

3,846 Posts.

04/03/16

00:47

Post #: 17183528
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Originally posted by sydney ↑

BDR is hedge free and that is one of the reasons for the wild movements in the share price.
Should the gold price continue to rise, Bdr is positioned for huge gains more than SLR and SBM who hedged some of their production. Equally if the price of gold goes down, BDR will be suffering the most.

I guess the management might look at hedging some of the gold when they feel is appropriate which I would anticipate around $1400 plus level.

I would not hedge at these level because the macro-environment is pointing to substantial gains in gold price.

I would just remind the doubters who few months ago thought that BDR would collapse or do CR at 10c with massive dilution, that you were wrong. Those who supported the company and anticipated the current level, it was a dream and they have all the good reasons to think that 60 to 80c is not far off and this company in my opinion will be the big brother of SBM.

Enjoy another good night and happy days ahead.

Cheers,

Sydney

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Not an exhaustion blow off top candle on the mighty BDR today was it?

Looking a big toppy, might lay in the hammock for a while.

BDR Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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