Ann: Significant Duckhead Drill Results Update, page-136

Let's put some perspective on this and compare BDR's SP over the past two years with some fellow ASX gold producers and see what it looks like:

BDR vs AQG



BDR vs EVN



BDR vs KCN



BDR vs TGZ


BDR vs NCM



BDR vs SAR



BDR vs NST



So BDR's share performance isn't an outlier. There are reasons why SAR and NST have outperformed in during 2014 as well.

Whilst we all know BDR specific reasons for the SP decline, it is also clear to see that BDR outperformed it's contemporaries up until late 2013. To a Quant shorter this would have stood out like dogs' balls and made for a relatively attractive target if they had a negative sectorial sentiment.

We didn't learn any more from today's Cannacord presentation and I am interested to see what the Quarterly holds. Given the near market rout - late save - in US markets overnight I am not going to jump the shark early but am watching for an opportunity to really ramp up my holdings in BDR (and NST) down the track.

Unlike 2008 I am prepared this time round and can't wait to go shopping.

Cheers
John