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Every Thursday I see long queue of people buying Lotto Tickets (in hope of getting quick rich), sadly most of them queue up same fashion again next week and week after and sadly some of them do same for whole life.
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Only people who are gambling (buying) BDR now are Short Term Traders, hoping to pass their parcel to next person.
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Any one who analysed BDR plant and operation & its location can realise that BDR has ZERO CHANCE OF EVER MAKING ANY MONEY.
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1) Half of the year it rains (Remember BDR is located world Heaviest Rain Zone i.e Brazil) hence can't operate mine fully. (PRU has learnt a lesson that coping with heavy rain has a price)
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2) When Gold Price was high even then BDR could not make a penny, how it will make in future. It was surviving on Capital Raising of more than 110 Million to just to keep going.
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3) MACA (Australia) was hired to short out mess created by Brazilian Mining Contractor. Now same Brazilian Mining Contractor is in charge of BDR operation. Only winner is MACA, BDR owes more than $60 Million to MACA more than BDR Market Cap.
