Beadell Resources (BDR)

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Sep 13, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

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    Was surprised there was no thread for these guys. (might have expired)

    Anyhoo,

    Beadell has released some great drill results for their Duckhead project

    They are going to be in production soon with their Iron Ore already purchased (just working out final details)
    Looks like their projected C1 cash costs per ounce of Gold in Tucano will have a '4' handle (ie lower than $500) due to this offtake.

    Do you own DD

    Ive owned BDR in some form since 2010, both me and my family's SMSF.

    I believe its a takeover target.

    EXCEPTIONAL DRILL RESULTS
    EXTEND AND CONFIRM THE DUCKHEAD OPEN PIT OREBODY
    9 m @ 123.2 g/t gold (incl. 2 m @ 547.9 g/t gold)
    20 m @ 56.2 g/t gold (incl. 5 m @ 206.5 g/t gold)
    12 m @ 29.0 g/t gold (incl. 4 m @ 55.2 g/t gold)
    14 m @ 8.7 g/t gold (incl. 7 m @ 16.3 g/t gold)
    10 m @ 30.0 g/t gold (incl. 5 m @ 59.4 g/t gold)

    (ps note no gold equivalent, just good old fasion GOLD g/t)
     
  2. SilverSanchez

    SilverSanchez Active Member

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    If these results were released in 2010/2011 they would have shot the share price up 20% - just goes to show how much money must be out of the sector at the moment (for whatever reason).
     
  3. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Great results, will check them out. I wish AZM will come back with results like that.. oh well :)
     
  4. SilverSanchez

    SilverSanchez Active Member

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    That-a-boy Beadell - get over that 90c mark!! YEAH!
     
  5. SilverSanchez

    SilverSanchez Active Member

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    Broke resistence on good volume - I recon we will see $1.20 (not without some volitility) in the next few months
     
  6. SilverSanchez

    SilverSanchez Active Member

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    First gold pour today, in my opinion managment are superb - "on time, on budget" is the catch cry for this mine development. Im impressed.

    Hopefully it all goes smoothly during ramp up.
     
  7. J-Money

    J-Money New Member

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    Still not much reaction re: share price though. Deciding whether or not to dump my CJO for BDR!
     
  8. SilverSanchez

    SilverSanchez Active Member

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    If its common news - its already priced in
     
  9. SilverSanchez

    SilverSanchez Active Member

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    Support @ 95c doesnt look like its wanting to go down.
    Def a takeover target, i would love an extra 10,000 shares but I have what I have

    Great start-up managment IMHO, will be good to see if they can manage an opperating mine as well as they managed the construction. Duckhead looks like a great little deposit - grade is king
     
  10. SilverSanchez

    SilverSanchez Active Member

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    Increased holding today. Next support, if it breaks through 91c, is 80c
     
  11. SilverSanchez

    SilverSanchez Active Member

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    Slightly over valued compared to its peers but going damn well IMO
     
  12. SilverSanchez

    SilverSanchez Active Member

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    This stock has three ways to make you a profit and three ways to loose you money

    Three ways to profit
    1. Ramp up and producing according to forcasts, bringing Duckhead online (ver very high grade)
    2. Increasing resource reserves
    3. Merger or takeover by a bigger company


    Three ways to lose
    1. Unexected problems with ramp up
    2. Weather issues hampering development
    3. Soverign risk

    At under 90c per share - the risk reward ratio is slightly in your favor
    In the 70c range it would be a fantastic buy

    DYODD
     
  13. browski

    browski Member

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    How about at $0.82?
    Down 8% in just today's trading.
     
  14. SilverSanchez

    SilverSanchez Active Member

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    Nice write up today in The Age Business section...
     
  15. scott_reeve

    scott_reeve Active Member

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    Beadell chart update.

    One of the ASX-gold stocks to watch IMO, its in the right part of the world at the moment where political risk (eg. Africa and Indonesia) and rising costs (eg. Australia) aren't a major problem.

    [​IMG]

    ~ Scott
     
  16. browski

    browski Member

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    Today down 6.6% to $0.845.

    Hits $0.7xx and I'm in.
     
  17. finicky

    finicky Well-Known Member Silver Stacker

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    A rep from Macquarie Equities was on business channel tonight promoting Beadell. It's surprising to see Macquarie being bullish on gold and a gold stock. His comments were only brief but amounted to their analyst(s) being pleased with the H1 results released Monday, they expect FY14 to be 'transformational', and see the stock as cheap against the company's prospects.

    The chart is hard to make a guess at - could be teetering at a peak or just pausing to go higher is about it.
     
  18. finicky

    finicky Well-Known Member Silver Stacker

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    The M.D Peter Fowler has sold 3,000,000 shares on market @ about 77.5c to the punters. What a system. Well that's it for me - off the radar as a likely buy
     
  19. trew

    trew Active Member Silver Stacker

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    Not following the stock but gees if a director of a gold company is selling in this market I'd be worried
     
  20. 2eyedcyclone

    2eyedcyclone New Member

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    Does anyone else find this a little confusing?
    As a M.D if the report on the 23rd is negative, after selling 3,000,000 shares he'll be in hot water. At the same time, selling a hot share is never a good idea.
    thoughts?
     

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