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0.00% 6.5¢ beadell resources limited

Similar reasoning to me.   I was purchasing again on Friday.   ...

  1. cheplan
    292 Posts.
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    16/02/19
    10:19
    Post #: 37457087
    Similar reasoning to me.   I was purchasing again on Friday.   

    Basis:
    1) Some arbitrage appearing between GPL and BDR
    2) Gold up and holding
    3) Global economy slowing (see IMF adjusted projections - reduced for growth again)
    4) Stock markets uncertain (pull back a few months ago, increased volatility appearing)
    5) GPL has sound bank balance - will commencing drilling at BDR immediately (see CEO presentation on 14 Feb)
    6) BDR (we all know) is optimizing mine, new contractor in place, higher gold grades, debt present but now supported by GPL funds


    BDR Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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