Club Mulgoa

Friday, December 07, 2012

BDR NST

It costs a lot to start a mine and there are often a lot of obstacles between successful exploration and marketing the gold produced.  BDR is nearly there with production and NST is already there.

What is nice about NST is the recent share price fall, due to directors selling out, was seen as a lack of confidence by board members.  That could be true but if it keeps producing and keeps finding good veins of gold to mine, you don't need those directors.  The new investor is not necessarily an evil.

In the meantime, I have been spotting some rare success recently with my BDR top-ups, buying when there is good news but fall in share price.

"Foster’s other “buys” for M&A potential are Northern Star (NST) and Beadell Resources (BDR)"

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