Australia's largest stock trading and investment forum Australia's #1 stock forum

BDR

0.00%

6.5¢ beadell resources limited

Ann: High Grade Results from AB1, AB2 and D Sul-BDR.AX, page-54

First 54 Last

Share
Profile

Follow
LifeUniEvery42

622 Posts.

112

06/07/16

13:52

Post #: 18205852
Share

Originally posted by worzel1 ↑

"...anyone still whinging about the CR?"

When Red Back was sold SJ had 600,00 shares and 400,000 options that he had accumulated in the low single digit value range. The sale price was reported to be worth about $30 per share. So on that deal alone SJ is worth $30M(less tax).

So what is SJ doing here and who is he doing it for? He is not doing it for us, and I can't imagine he's doing it for a few hundred thousand a year and a couple of million down the track. Given he is touted as a finance/M&A specialist, I think he looked at BDR and saw a great opportunity........as I've said a few times before we didn't pick him, he picked us. BDR is doing very well at the moment, but 90% of that has nothing to do with SJ. The gold price would have gone up regardless, production would have gone up regardless, drilling would have happened regardless(only timing has changed).

So in order to make it worth SJ's time, what needs to happen - he(his interests) need a good slice of the pie. By increasing the issued capital by 33%, the maximum opportunity to accumulate(possible future takeover?) without affecting the share price is created. Other that this, I haven't seen a reasonable justification for the size of the raising.

Lets not fool ourselves into thinking we are in control of the bus......It's more like a train really - better in some ways in that more can enjoy the journey and it is generally faster - but it has a very defined path and SJ is laying the track, he has the board stitched up with his "Independent" directors and the merger will happen when he's ready.......... It may already even be planned and the take-over organisation may have been involved from the start.

I have no doubt that the price will go up, my only concern is that minor shareholders are maneuvered out of too big a slice of fair value.

That being said I don't think SJ would have gotten involved if he didn't think he could get to a minimum of $2-3 per share of value, I just hope we are there to share it with him.

W

Expand

Worzel, as a long holding SH, I empathize with your sentiments but it is a simple choice.
Do we prefer the before CR BDR or the after CR BDR?
Without the CR would BDR even be in business or would the SP be anywhere (regardless of POG) near what it is now.
We're (including SJ & directors) in it for the money & if there wasn't enough in it for SJ & team - they'd be somewhere else & BDR would be lurching from crises to crises with promises of "next qtr will be a cracker" & a SP trailing around the 10c mark, with shorters eating our lunch.
I know which BDR I prefer

BDR Price at posting: 46.3¢ Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

IR1

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

Emerald & Azure score Digger & Dealer awards

ORP

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

Bitcoin: Current State of Play & Where to Next | Swyftx

LVH

Livehire sees share rocket 91% on takeover bid by Humanforce