Beadell Resources (BDR)

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

  1. SilverSanchez

    SilverSanchez Active Member

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    Yeah, but you gotta put your feet in the water sometime, I picked up a parcel today under 30c - that's a great price even if it does go lower.
    The numbers this quarter was made worse due to 1. Iron Ore 2. Pre-Strip for Duckhead (moving waste material)

    Next quarter will be far lower cash costs because they are using 50% from duckhead and the rest from low grade stockpiles.
    Duckhead could turn out to be a massive deposit with huge grades - I bought some today because you never know when someone might want to make a bid for a takeover/merger (like Obis Gold, which was on my list).

    NST looks pretty impressive as well, but ill wait a bit longer. And as Ive always maintained I think EVN will be the next Newcrest in Australia
     
  2. bellinvest

    bellinvest New Member

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    Picked up another parcel of these guys @ $0.200 the other day to average $0.214 overall. Once pre-strip for duckhead is complete it should be down to business for BDR getting cash cost down to a respectable level. Very interesting deposit they are sitting on! hopefully drilling proves the deposit to be sizable for a long term mining venture.

    Nice moves up today for most of the Gold Stocks!
     
  3. SilverSanchez

    SilverSanchez Active Member

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    Go Beadell, show me that monster deposit and prove why I bought you all the way back in 2010 ;)

    RC drilling of the Duckhead Main Lode at the base of the open pit has intersected significant gold mineralisation extending beneath the current open pit limits. Gold results include;
    FVM514 28 m @ 266.8 g/t including 1 m @ 6,844.6 g/t
    FVM515 53 m @ 47.4 g/t including 1 m @ 1,218.5 g/t
    FVM511 16 m @ 57.7 g/t including 7 m @ 126.9 g/t
    FVM510 23 m @ 36.9 g/t including 4 m @ 197.6 g/t
    FVM508 14 m @ 25.9 g/t including 1 m @ 294.5 g/t
     
  4. SilverSanchez

    SilverSanchez Active Member

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    I love how they don't use the stupid word 'bonanza' to describe high grade
     
  5. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Wow those grams per tonne are huge at some intersections
     
  6. MyNamesNotBen

    MyNamesNotBen New Member

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    Agreed 100%. That report made crusader look really desperate
     
  7. bellinvest

    bellinvest New Member

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    They also hit that new target 500m from Duckhead which could show some really nice mineralisation when a comprehensive drilling program is undertaken.

    Might pickup another parcel <$0.30 in a week or two. See how the Euro situation plays out and the correlation with gold prices... with a P/E ratio of <3 its a steal IMO.
     
  8. finicky

    finicky Well-Known Member Silver Stacker

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    What do they want? That's all brilliant intersections being announced means to me.
     
  9. SilverSanchez

    SilverSanchez Active Member

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    Reading drill results is a skill, its 4 dimensional process - depth, length, spread, and time
    But the wrong thing to say is brilliant is high and crap is low.... that's the non-geologist mind

    They are obligated to release results, they have a responsibility to existing shareholders and future shareholders who know who to do research on a deposit.
     
  10. SilverSanchez

    SilverSanchez Active Member

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    Told ya's
     
  11. bellinvest

    bellinvest New Member

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    I second that motion. Up nearly 80%... same with PRU. Good entry!
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    Dropped more than 12% in the last few days, oops.
     
  13. SilverSanchez

    SilverSanchez Active Member

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    Not oops, completely predictable
    read my other threads
     
  14. J-Money

    J-Money New Member

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    Ahh, tempted to dip the toes in again at these levels. Still feel like POG has legs to get up to $1350 in the next month or two and this may be a brief correction. Anyone more experienced than I care to weigh in?
     
  15. SilverSanchez

    SilverSanchez Active Member

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    Well at current Gold prices, Beadell resources can make money even with a $400 drop in in POG, given their P/E ratio is so low your risk on a long term buy is lower than your reward. Shorter term trades - I think the direction is down (dunno if it will make a new low or not), but you could buy some now some later. Its really up to you
     
  16. BiGs

    BiGs Active Member

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    Yeah I'm still in at 65c lol. I might double up at around these levels. I'm see'in red. xP
     
  17. SilverDJ

    SilverDJ Well-Known Member

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    I was in at 31c and also seeing red. Was seeing a tidy profit for a while there, but didn't take it because I'm in these rock bottom price commodity stocks for the big gains. Wake me up if it hits a buck.
     
  18. SilverSanchez

    SilverSanchez Active Member

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    not me, don't get me up for anything less than $6
     
  19. SilverSanchez

    SilverSanchez Active Member

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    Yeah! 1c per share dividend

    Awesome. That's about 3.5% yield on my average buy price
     
  20. Scyb

    Scyb Member Silver Stacker

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    Looks like a few people are not happy with the report either
     

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