BDR 0.00% 6.5¢ beadell resources limited

I sold out, not because I don't believe in the company and the...

  1. 2,972 Posts.
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    I sold out, not because I don't believe in the company and the BOD far from it. BDR has potential but I really think it will be late 2018 and more likely into 2019 that the turnaround will show in the SP.

    Announcements switched to a under promise over deliver path/attitude but have still fallen a little short of expectations highlighting that whilst transition/transformation to the new and improved BDR is underway, problems are bigger than we though and progress is slow going, too slow going for mine and others liking.

    Holders riding it out will likely be rewarded imho but at opportunity cost lost to others that are likely to move higher and quicker than BDR.

    A while back there was a prediction thread on what we thought BDR would get to and I said $1.03 from memory. I still think it is a chance but the changes I expected to happen to drive us there are taking time to get there. Rising dollar and SJ building and crossing bridges, next year is a chance.

    For now I'm elsewhere but watching progress.
 
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