Amazing ... U forget the 4 weeks loss of production ... Hence...

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martis

13,576 Posts.

01/05/17

15:56

Post #: 24386685
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Originally posted by loki01 ↑

Martis

Have a look at other under-performing goldies, such as DRM, and TRY. Those who sold early in the downtrend saved the most.

But it would not surprise me to see a jump in the share price into the mid 40 cents at some stage this year given that the company has been able to sell a lot of hopium, and could release a tantalizing press release at any time. But the proof will be in the pudding when they are next required to give the full details (assuming they do not try to obscure the situation by being opaque, which is what BDR does) in the June quarter report. They need to pull a rabbit out of the hat to make this operation worthwhile in the mid-to longer term, and the details in this quarterly report suggests there is no such rabbit at present. In their favour is that they do have some $35m (helpful against total debt of $39m), but I wonder if they added to their accounts payable last quarter (something they did not have to tell us here).

You may be well intentioned and probably correct in telling people not to panic sell. But you are just a TA based trader and as far as I can tell simply follow your charts, which ultimately has to respond to the fundamental situation. Anyone buying in now will live in fear of being trapped because there a lot of the shares were bought at very low prices a long time ago and these people will want to protect their capital. In addition fundies such as HHL have held off selling down to a large degree and may decide to do what they are doing to DRM, selling in the face of a significant loss.

I would be surprised to see BD as CEO much longer. He and his modelling are nolonger creditable.

Best wishes with your trading.

loki

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Amazing ...
U forget the 4 weeks loss of production ...

Hence why the numbers look bad ...

BLK Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Amazing ... U forget the 4 weeks loss of production ... Hence...

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Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

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