"I reckon the target of 7c is likely to be in par with the lowest market cap in 2015"
I think the lowest BDR traded in 2015 was around 10 cents. BDR did trade for around 7 cents during the crisis period of 2008/09. I think they hit a peak of around $1.12 in late 2012.
There are now a lot more shares on issue.
I have been thinking that MACA are probably not pushing for payment of all outstanding bills because they feel guilty about how badly they have performed mining in the Brazilian jungle, and the cost blow-out. Has MACA brought BDR down to this level all by itself? I guess we will never know because BDR does not provide much info.
BDR will be interesting to watch, but I am not game to put money down after my recent unsuccessful flutter here. What surprises me is that more people who should know better did not sell out after the last quarterly was announced. It simply stank, and it was clear that further funding would be needed (with a possible major CR and high level of shareholder dilution). Some people need to revisit their stop loss rules.
loki (a stop loss saves money and keeps us solvent so that we can stay at the ASXCasino table a bit longer)
BDR Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held
