Club Mulgoa

Saturday, April 02, 2011

BDR

I first bought BDR in Aug 2010 at 25c, based on an ASX announcement. Because the share price hardly dipped, I didn't buy anymore. But in Jan 2011, after another good announcement, with the share price stagnant, I topped up... at last, at 86c. Initially, it appeared to be a mistake from a market perspective. The share price dipped and for 2 months, it hardly went over my last buy price. Yet it continued to produce great drilling results.

And then recently, it started to rise again after the major Japanese earthquake, tsunami and nuclear catastrophe. When you look at announcement like http://imagesignal.comsec.com.au/asxdata/20110323/pdf/01164393.pdf you wonder why the share price hasn't gone up higher still!

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