All the goldies are sagging, not just BDR. Everybody is waiting on the FMOC decision to lift interest rate next week.
There may be a flaccid move up in the goldies after that but then, I think that without some major catalysts (eg.bank issues in Europe, Le Pen becomes President) it looks like the USD POG will stay below 1300, probably go under USD1200 by July 2017, before moving up again in the second half of the year. The positive seasonal influences are not in gold favour until around August or later.
It seems pretty pointless buying any goldies over the next few months unless there are some special development (a significant find, major operational improvements).
In the case of BDR there is also the question about what their production will look like in the first half of 2017, and where are the recorded "profits" going.
BDR could drift down to low 20 cents again.
Cash is a great option, as the GoldPirate has been suggesting.
loki (holding a reduced level of goldies so I am also experiencing some pain, well cashed up for later buying).
BDR Price at posting:
27.8¢ Sentiment: None Disclosure: Not Held
