I have once again sold out.
I can't see the share price going up under the current circumstances, rather it looks likely it will keep drifting lower as more and more people exit.
With all the trouble & challenges to overcome, on top an extremely difficult gold market........BDR is a long way from any kind of recovery in operation and share price.
I also can't see any meaningful recovery when there is just so many shares available.
It is 1.7 Billion and counting.
I think if the plant upgrade thing is completed and pumps out gold profitably, then the share price might recover(That is a big big IF) but only after a huge consolidation like 10:1 or 14.25:1 as was suggested during the Golden Harp merger drama.
Just too many shares and more & more will have to be printed to carry on BDR business.
No...I'm done.....it is not even worth a trade for me anymore and also I have stopped dreaming.
I will now only enter with the proof of recovery in actual numbers and a share consolidation.
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I have once again sold out. I can't see the share price going up...
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