The SP of BDR is obviously affected by the recent announcements.
Although BDR has done well (great IMO!!!)in its first year of mining it now needs to give the market confidenece that it can do it year after year. This requires good mine management combined with a similarly good exploration strategy. If they do both then the current P/E value will change.
I think the appointment of the chief operating officer is really positive for Beadell as he is an experienced mine manager ON site. This should improve the predictability of its operation and gold output and reduce future surprises.
Given the reduced earnings announced for the first half of 2014 I am not sure how much the SP will rebound in the short term. The biggest factor to get a big S/T increase would be another large high grade find.
BDR Price at posting:
60.0¢ Sentiment: LT Buy Disclosure: Held
