As stated last week, I sold out at 21.5c, feeling strongly that it would gravitate back to the issue price and maybe below.
It may yet do that, but in the meantime you have indeed enjoyed a strong run....one would have to say based partly on a strong, yet volatile and erratic POG.
I am a big BDR fan and do hope to have an opportunity to buy back in the coming weeks and yes, tomorrow, with the release of the first 19.5c tranche will be very interesting. It would be very difficult in these times not to take a stag 35% profit for the week - such is the good fortunes of those privy to these such placements.
I agree that she should track higher in the coming months, however I do believe it will pull back due to the selling of most of these easily obtained placement.
Anyway....called it wrong last week....could get it wrong this week, the next and the one after.
Just my thoughts.
GLTA.
K
BDR Price at posting:
26.5¢ Sentiment: None Disclosure: Held
