Almost there .. Another CR sub 5 cents ? else Liquidators will...

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sircorp

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11/07/18

13:18

Post #: 34275969
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Originally posted by sarge17 ↑

Hi Eshmun,
Yes this is very sad to see wealth destruction for investors/shareholders in front of our eyes. I'll be the first to admit many mistakes in my trading and investing over the years including holding and hoping on some stocks including doubling down on some losses when a SP gets a lot cheaper. So I have learnt some good lessons.

In the case of BDR, with such a litany of problems to deal with including cash flow and debt, the safest option would have been to sell and take a loss and preserve capital and wait for signs of a turn around if you still like and believe in the long term story of BDR.
For example I would much prefer to sell out at 9c, have to buy back in at 14c when BDR start kicking goals and ride it to 20c plus. As opposed to holding and hoping each time it goes lower (thinking it can't go lower) 20c, 15c, 10c, 8c, 6c and then finding yourself needing a miracle to get to 20c and potentially looking at a complete loss of $$$ if the company cannot get out of its sink hole.
Even selling out now may see the prospect of missing out on a bounce in SP but look at the downside. I respect anyone pulling the pin sub 6c even at this late stage and wish them the best.
The SPP was seeking $7m wasn't it? and they received less than $1m after three extensions. That says it all. I would be gob smacked if the quarterly report was released before close of trade on 31st July. It's likely to be very bad again IMO. Overall the gold price isn't helping sentiment at the moment and only a surging gold price might have helped to paper over some cracks for BDR.
Seriously, watching this BDR story unfold is like reading a Stephen King book that you just can't put down. What will happen in the next chapter?
Sarge

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Almost there
..
Another CR sub 5 cents ? else Liquidators will move in.
..
Although financially painful bit I am enjoying the BDR drama.
...
Chance of Survival are now ZERO

BDR Price at posting: 5.7¢ Sentiment: Sell Disclosure: Held
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Almost there .. Another CR sub 5 cents ? else Liquidators will...

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