Hmph.
Disappointing to say the least, but... ironically, not unexpected considering that S.J and his 'crew' are serial under-performers. Luckily the miss is still going to see them end the year on a relatively high note (I am being a little generous). For the life of me, I cannot understand why guidance was not 50k at the beginning.
Of course, the higher grade ore is going to continue for the next 7 months either way, so I do think that there will not be a raising. Gold price is trending higher, BRL is probably helping a little and of course there is exploration.
Upon reading the announcement for a 3rd time, I am actually surprised they are going to hit 50k, as it states higher grade ore is deferred, i.e so for me, it is showing that they are already in good grading ore, with the best still to come (throughout the whole quarter). We will see what the market thinks.
My long term holding is not going to be sold, as I really still see BDR being in a very strong position by June next year, especially if the POG strengthens like I think it will.
Good luck to all holders.
BDR Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held