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52.0¢ bardoc gold limited

Thanks for your time in sharing your thoughts, it was a very...

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mrstoploss

136 Posts.

37

26/08/20

22:35

Post #: 46848390
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Originally posted by Thesleepingiant: ↑

Hi Stoploss, Tony had this clause in his performance rights contract so by all means was within his legal rights to exercise the performance shares. Whether the 9 million shares (or ~$700k) exercised is justified is another question that a lot of investors on this thread would currently not be too pleased about and rightly so, I can’t argue with them. The 9 million shares further dilutes the share register and with the pull back of the SP since the Cap Raise there hasn’t been too many announcements to suggest Bardoc is a worthwhile investment. This latest announcement only adds to investor frustration at present.

Robby has stated on numerous occasions that we will see a constant steady flow of announcements since the Cap Raise until the offtake agreement although thus far, little has been released.

I expect drilling results to be around the corner and to be truthful, they’ll need to be quite enticing to turn this ship as the sellers have been, and are continuing to be relentless. I even know some Bardoc investors whom are losing faith or have lost faith and have sold out recently.

In saying all this, I’ve continued to buy on market over the past few weeks and have gradually been accumulating as I think this gold project has too much potential not to succeed and go to mining. I sound like a broken record but looking at all the financials and the expectant resource growth we are undervalued, I don’t think anyone on here is denying that. I see a general lack of SP growth frustrating many, as well as seeing low SP Cap Raises which grind away at any investor. Some also don’t rate the board too highly although for mine, they have more runs on the board than most so I will continue to back them in.

I’ve held stocks before where I’ve lost faith and ended up missing out on multiples of my original investment and I feel as though Bardoc is currently in this situation whereby a lack of positive news flow and constant selling leads to investor frustration which inevitably leads to a loss of faith leading to more selling! It’s a cycle that I’m hoping will end shortly although only some positive announcements will cease this selling.

I’m not looking to sell this stock anytime soon so I will continue to accumulate over this current period with the expectation that the board continue to hit their set targets to eventual mining and production which by then I am certain Bardoc having achieved all that will have earned a re-rate which everyone has been calling for. To be truthful, I can’t fault them on achieving what they set out to do since 2018 and more notably since early 2020 with their very transparent timeline. The biggest cause of angst is the SP and if you’re looking for a short play, I’d advise you to stay clear of this stock as it’s historically quite volatile and is likely to continue to ebb and flow until the DFS is released.

If you’re in it with a long term outlook, I’d advise you to buy on the dips as a 3m+ Oz resource in a tier 1 jurisdiction 35km from Kalgoorlie doesn’t come around too often.

TSG

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Thanks for your time in sharing your thoughts, it was a very fair summary of the situation. I’ve only recently topped up to a nice round juicy figure and will leave it there to see where it goes in the medium to long term. Good luck!

BDC Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
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