BDR 0.00% 6.5¢ beadell resources limited

There has been a great deal of talk lately and in recent weeks...

  1. 284 Posts.
    There has been a great deal of talk lately and in recent weeks about "waiting for confirmation".

    Im my humble opinion, such a thing (confirmation), does not exist, and is merely a construct of one's mind, with the purpose of making oneself "feel" better about a risky investment.

    There was plenty of "confirmation" when gold was at $1380 a few months ago and we all know how that went.

    The time to buy was a few weeks ago when BDR was at 22c. If you wait for this imaginery confirmation, invariably you'll miss the rally.

    You have to decide if you're on board with the long term fundamentals and place your bets accordingly, expect the markets to fluctuate irrationality, because they will.

    However, avoid taking a cue from the markets, and don't allow yourself to behave irrationally.

    The fundamentals for gold and BDR have never been better, the only thing that has changed is the GP.

    Don't overthink this, it's really a no brainer.

    Cheers
    Ivan
 
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