I'm with Cabot....not really worried as I believe the EIS will be approved and BGD will officially own the proiject and begin construction from 2010 onwards which will place them in a whole different ball game share price wise.....cant see it ever being a blue chip though with the projects they have but definately dont see them under $1 down the track having a steel mill and selling 5Mtpa of steel billet overseas.
Anyway...those dumping are probably getting their 10-100% profits and they have probably held a lot longer than the 2 days I have so good on them....if you're a believer also...you might see these falls as good averaging down or buying opportunities.
It will turn at some stage when the sellers believe they are getting ripped off or we get some news....but its not looking like a day trader / short term type of stock if anyway is thinking of fast bucks.
BGD Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
