Esh- I'm going to buy 207 bucks worth of KDR tomorrow and we'll...

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Gold Emperor

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23/02/16

20:46

Post #: 17097342
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Originally posted by eshmun ↑

You're happy to be done a dusted with this guy and you posted that.

Ok, now that you've laid bare the price action on KDR for this forum to read and ridicule I'll tell you what I think of the BDR price action today.

I think that the boys and girls at Hartelys sent the local office lackey (I wouldn't even be surprised if you ain't you GE) down to Office Works to by more double adaptors and power boards so that they can plug in even more algos and bots and load up the electrical system in the office to the point of failure in their attempt to push this capital raising for everything that its got. Not really a great result for all that effort. What's more in the frenzied enthusiasm that they've created amongst starry eyed retail punters they'll be dropping and churning trough trades like no tomorrow to lock in their 23% stag profits before letting it drift back to start it all over again. After another dozen of these cycles and after they have made tens of million in churn the time will come for the vote after which the full quarter billion shares will hit the register and the price will quickly drift back to below the raising price as the realisation sinks in that those same old tired assets won't produce diddly squat through the wet season and the $50 million raised will really largely go to retire the ~$39 million of net debt (as at Dec 2015) and not much more. Whatever pitiful amount remains will be wasted on exploration when in fact the company has reserves that should last them 8 years if the company's resource statements are to be believed and that's a big if, because why else would they need to explore if the gold in their reserves is any good, which it obviously can't be or else they would just mine them and make some money for shareholders. Even if they scrap enough money out of the capital raising to do a feasibility on their UG mine they will be left needing to raise another $60 million to develop an ore body which will be boarder line marginal with a grade of less than 5g/t and will need to obtain debt funding and you'll all find yourselves back at the beginning owning about $50 million to the banks. Eshmun

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Esh- I'm going to buy 207 bucks worth of KDR tomorrow and we'll be mates.

BDR Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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Esh- I'm going to buy 207 bucks worth of KDR tomorrow and we'll...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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