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6.5¢ beadell resources limited

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5,796 Posts.

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23/02/17

08:29

Post #: 22830959
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Originally posted by loki01 ↑

Cha

It is too hard to tell if BDR will really become self-sustaining. The company has not issued a list of things it wants to fix, a timeline and costs and what the expected targets are in the mid to longer term (ie beyond 12 months). Perhaps the answers will depend on what the drilling finds.

It is a case of trusting management or being realistic and assume that things can go pear shaped. Best to trade it. The run from 22 cents to 38 cents was good, if one took profits and bought at the right time.

BDR will run well with a rising gold price (and sink more than others if POG falls, I suppose).

I think they need a new mine plan, which hopefully incorporates a lot more higher grade pit ore as a result of their exploration.

Perhaps its best to sell out/down prior to each quarterly report, and buy back in when it reaches some sort of bottom. Given they are cashed up they are pretty safe for another year, and the share price should get back to high 30 cents, low 40 cents later in the year when hopefully gold gets above USD1300.

There is money to be made in companies such as PRU and BDR as long as one does not fall in love with the official story.

loki

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thanks Loki and others

really appreciate your responses.

BDR Price at posting: 31.5¢ Sentiment: None Disclosure: Held
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