Club Mulgoa

Tuesday, November 20, 2012

BDR

Earlier this year, the commissioning was supposed to be in August 2012.  Now, it is December before the year end.  If that is true, then I can expect a lift in the share price.  Until profit is made, a mining exploration stock is very much a gamble.  It has to get a tenement, survey, drill, do feasibility studies after determining the size of the deposit, get the finances, build the processing plant/sell the mineral and announce a profit.

I am lucky I dipped into BDR a long time ago and took opportunities to buy when it fell even after good announcements.  So is one very successful stock based on my logic without management telling fibs.

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