I am going to invest all of my hard earned cash into one of the struggling (in terms of stick price) Australian gold miners. Of course BDR with its current low stock price is looking like a good buy and I am looking for more information as to why the price has continued to fall and the company is only currently valued at 100 or so million.
Without having to go thru all of the threads and sift thru all of the information, (sometimes I wish Hotcopper had a stick to the facts only policy...) are there any holders out there that can give us a breakdown of the current conditions at BDR - such as debt, overheads, price of producing ounces and if BDR is looking to raise anytime soon.
Things I like about BDR are-
The low stock price, and thus the potential for profit if one were to enter now
The fact that they don't have any options on the market
The new resource findings and potential to produce more gold
That they are producing in South America and the costs would be lower than producing in Australia.
Why is the stock price so low?
BDR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Not Held
