I've followed BDR for a few years now, and like others are shocked at the loss of shareholder value, missed guidance reports, appalling management, and misleading seeds of information that keep hope alive.
If you look at shareholders buying and selling you will see that Paradise, CBA, and Van Eck have dropped their entire holdings recently - and this new substantial holding announcement (to Van Eck) is nothing of value to BDR shareholders.
These BDR shares (5%) are being shuffled around in a parcel of shares like a "hot potato" ... I believe the institutions have the ability to bundle up unwanted holdings and send them out to auction ... in effect 'hand pass' the parcel onto another institution who pick over the contents and then cast off that which has no interest. That is how this acquisition has happened in my view and I expect Van Eck will dump these within days.
A disgrace ...
BDR Price at posting:
8.3¢ Sentiment: Sell Disclosure: Held
