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

BDR

0.00%

6.5¢ beadell resources limited

Ann: Tap AB Continues to Demonstrate High Grade Shoots, page-7

First 7 Last

Share
Profile

Follow
LT_Investor

4,292 Posts.

480

21/05/18

14:02

Post #: 33234143
Share

Originally posted by flaming ↑

Sad to see it has come to this.

An absolute disaster.

Loan deal fell apart. Difficulty in raising capital at 8.3 c.
With the cap of 7 cents SPP, no chance of the share price heading higher until the closing date.
Tax loss selling intensifying until end of June.
Out of the ASX 300 or even out of the All ORDS perhaps.
MANAGEMENT REPUTATION IN THE TOILET.
Prime candidate for TAX LOSS sell for large and retail holders.

If the merger thing goes ahead, then I can't see this even listing back in ASX, there will be just no reason to list here after all this. It will even get difficult for holders to sell their shares.

No proof of the plant upgrade being successful in terms of cost until it is commissioned and pumping full on. All this will take more & more time and more money of course.
It is a big ask to believe anything management says now.

I have finally given up on BDR.
It became a prime candidate for tax loss sale. So I have sold.

Luckily I had some tremendous gain recently in some other dogs......which needed to be offset.

I gave back around 50% of my previous gain in BDR......decided not to let everything vanish.
It still hurts but not blaming anyone other than myself.
We win sometimes, we lose sometimes. Part of the game.
At least my arms and legs are intact.

If it merges with Golden Harp and lists back on ASX, and the plant upgrade shows any improvement in terms of grade and cost. Will rethink to enter. If the plant upgrade really works out......I can always buy back...maybe have to pay more for the confirmation.
For now I am done.

If Management is reading this.....For Heaven's Sake....."Please STOP LYING"

Expand

Yes, very sad indeed.
Loss 30% of my holding so I sold out at 7.5c.
I was stubborn not to sell out at 11.5c then 10.5c.
Anyway lesson learned, not to always trust what management said but rather do your own research.
I was expecting for the drilling updates and the progress of the plant updates 2-3 weeks ago however seeing how the CR was poorly managed I think BDR will face much more troubles in the next two quarters.
I will keep my eyes on this one before rebuy.

BDR Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects