XAO 0.79% 8,075.2 all ordinaries

STTCOMP BDC TA LONGBardoc Gold LtdMC$77mShares 1.2bSP $.064Cash...

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    STTCOMP BDC TA LONG

    Bardoc Gold Ltd

    MC$77m
    Shares 1.2b
    SP $.064
    Cash $6.6m
    Debt: $1m (to chairman)

    Bardoc Project: Located 30km north of Kalgoorlie on the Goldfields Highway, the Bardoc Gold Project runs contiguouslynorth for 50km in the Eastern Goldfields. There are four main deposits and a multitude of smaller projectswithin the 200km2land-holding, providing a large resource base (est 2.6moz in 30/04 Qtly report). Strong exploration programme to extend deposits. Company formed by merger between Excel & Spitfire.

    Chart strongly positive in MACD, DMI and Aroon. Appears to be in flag/pennant formation. Any break up on volume should give .083 target, although there is resistance .07-.075 level.

    pmd3nka (holds)

 
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