After a good read through the quaterly...it just looks okay.
The launchpad is set....it should soon shoot upwards.
Not sure about this selloff today.
Either some who were gearing up for a huge quarterly are totally dissappointed,
OR
The Rise Protection Team are at work (Full Swing). But if some big entity is trying to put a lid on...they must be loosing big time. I guess they are not worried loosing some small chump change money, when their eyes are set at the big Prize( Gobbling up the company for peanuts).
I recall, company named SDM(Sedgman Limited). The company had solid fundamentals, cash in bank, billions of dollars of project, yet the share price was always depressed. After nearly 2 1/2 yrs...one of the large shareholder made an unconditional offer of $1.07. The company was trading at 70-80c.
So, although I could be wrong but I do smell similiar circumstances here.
BDR Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held