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04/10/17
15:11
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Originally posted by speculator101
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ML - whilst I understand where you are coming from hedging wise, I think they will still receive a pretty good average price for the quarter... probably above USD $1300. Which can only help the bottom line.
I guess it all depends on what your viewpoint regarding the gold price going forward.
For me, we are so very close to the next major uptrend, hedging now, while prudent will stop the ounces being produced later on from bring in some serious profit.
While I know BDR is hated, I have been nibbling, mainly because I am trying to be contrarian, plus the exploration being undertaken now is getting serious, with new targets finally getting drilled. BDR already has a 7 year mine life, with clearly, much more without any new discoveries, just conversion. The next 12 months for me will either be very good, or.... the MD and board should fall on their sword.
It has been quite a while since BDR has reported exploration results to the market.
The almost continuous printing of shares, has to stop if the MD is going to be able to bring back his credibility (which from what I have read, was fairly good when he took the helm).
We will see of course.
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i'm intrigued to see what comes first...... TSX listing or the next drill result... you are correct Spec, haven't seen a drill results for month's. Hopefully BDR have added many more ounces to the life of mine (LOM).