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)
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).
Broke resistence on good volume - I recon we will see $1.20 (not without some volitility) in the next few months
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.
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
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
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. ~ Scott
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.
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
Not following the stock but gees if a director of a gold company is selling in this market I'd be worried
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?
