Management must have known that the third quarter would be negative to allow greater access to higher grade gold in the forth quarter. But since they have never given quarter by quarter projections were they really obliged to say anything. Perhaps insiders took advantage of what could have been seen as a bad quarter to make a killing, who knows.
Its clear from latest duckhead drill results that there is significant gold (7 m @ 140.0 g/t gold etc) outside the resource model so s/p will rise when they can prove to the market that they can deliver that gold. I am hopeful that with the expertise of MACA that will soon become a reality. Off cause I don't like seeing the s/p go down (my losses are significant if I sell now) but believe in the drill results and that management will do everything possible to get to that higher grade ore. Why would they not!
BDR Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
