BDG - Bendigo Mining

[Profitseeker]

Hi,

I have not seen any mention of BDG on the forum which is strange because it is creating a lot of interest at the moment. This stock is performing strongly at the moment. They have just pushed forward their production date. Share price has fallen today so could be a good chance to get in. Does any one hold or have any views on the stock? Do you own research.

 

[Profitseeker]

It is up 8% today. Looks like it is breaking out.

 

[Profitseeker]

Up 16% now to 1.45. Does anyone know why this share is taking off?

 

[el_ninj0]

Damn it. I was watching them since you posted this first. Disapointed that I didn't see it coming. Could have made a nice profit.

 

[Profitseeker]

They could fall back to between 1.20-1.25 due to profit taking. That is a trigger for me to invest more. Some brokers have put a valuation of about $2.00 on the stock. I would sell if it reached that though. Do your own research though.

 

[el_ninj0]

you would buy if it came back down to 1.25?
what makes you so sure its going to go back up?

 

[Profitseeker]

Mainly because of what i have been reading about the stock. They will begin production in early 2006 and when they do so, I feel that this will push the stock price up to higher than what it currently is.

 

[Profitseeker]

Price is down.

 

[el_ninj0]

Price is down.

Sure is, .

 

[Profitseeker]

Begining to look good again. Depth is building.

 

[andrew_c2o]

Yes I bought into this too a few days ago, I believe it will go up quite high eventually

 

[Profitseeker]

Good to hear. There has been a lot of sudden movement recently. Could be because it is beginning to get media coverage.

 

[Profitseeker]

BDG - Bendigo Mining - Trading halt

Company requested halt. ANy ideas why?

 

[markrmau]

Reread announcement. Looks like they need more moolah.

 

[Profitseeker]

Not sure if i like the look of this. Any body get any views on this equity raising?

 

[markrmau]

Read todays AFR. Some equity managers are saying some good things about BDG.

I think I will buy into any negativity surrounding this announcement. I think it will drop, but it doesn't always.

Note - this is not advice for you to buy,sell or hold this or any other security.

 

[Profitseeker]

I agree. In the long term this one has to be a win.

 

[PoINT5]

sourced from huntleys.
Bendigo Mining (BDG) announced the terms of a pro rata equity issue and a simultaneous placement of shares to institutional investors, to raise a total of approximately $140m. The company plans to use the capital raised to fund the continued development of the Bendigo Gold Project. BDG remained unchanged at $1.15.

 

[markrmau]

BDG remained unchanged at $1.15.

ROFL. Still in trading halt.

Anyone know when it will open?

Expected price approx 94c?

 

[Profitseeker]

ROFL. Still in trading halt.

Anyone know when it will open?

Expected price approx 94c?

Seems to have done quite well. Price picked up again today. I hope it continues.