I have a favour to ask those that are holders in this stock.
Basically the guy from the Diggers and Drillers newsletter asked his subscribers (yes, I am one) to send him any recommendations for "under the radar" gold stocks. He is looking to tip one in his next newsletter. For those unaware he has a large 10K plus subscriber list and his tips often go mental to say the least.
So, being a fan of good old Beadell, I sent him the following:
If you are looking at under the radar ASX listed Gold stocks then I personally think one you should look at is Beadell Resources (BDR):
1. They have two main projects:
a) Tucano in Brazil which has a 4.3Moz JORC and are continuing to prove up to the "magical" 5Moz mark; Note that these tenements are apparently unique in that they also have some Fe banding. This is being proven by Anglo American who own a neighbouring mine and Fe royalties could reduce the cost per ounce by up to US120 per ounce (from an article by Tim Treadgold in the Eureka Report 7/2/11)
b) Tropicana East which is delivering some fantastic drilling results such as there last drilling report on 5/1/11 of:Note that they recently had to suspend drilling at Tropicana East due to rain.
- 15m @ 24.8 g/t (including 5m @ 70.0 g/t)
- 19 @ 12.1 g/t (including 5m @ 39.7 g/t)
- 3m @ 11.6 (including 1m @ 32.7 g/t)
2. They are due to produce the BFS sometime this month.
3. Market cap of <500m @ current prices; 52 week range of 0.14 - 0.88. Currently trading around 75c. Relatively high volumes are traded which is important to be considered for one of your picks ;-) those spikes after recommendations are mighty impressive! [ed note I sent this on Friday last week]
4. Same management team that grew Agincorp from nothing and sold to Oxiana before the GFC. Oz Minerals is one of the major shareholders. Peter Bowler (the MD) is a proven operator.
Plenty more there for you to look at.
Regards (etc)
This is where the favour comes in:
1) If you are subscribers, maybe you could send off another email so he gets some more "hits"
or
2) If you aren't a subscriber, please post any additional information that I didn't include (or didn't quite get right) in my fairly quick email. If I get enough info then I will send him a second "addendum" email.
Sorry that I didn't think of this earlier but maybe we can bring this beauty to a wider audience
Thanks in advance
pb
PS What the f'ell happened in the end of market auction today. Some MASSIVE volumes went through.
Add to My Watchlist
What is My Watchlist?