BDG
Stock Code
Stock Exchange
Bendigo Mining (BDG) is a gold mining and exploration company and it owns the entire historic Bendigo goldfield in Victoria. The company aims to re-commence the production from the Bendigo goldfields. The total production from the Bendigo goldfield in its time was around 22 Moz of gold and it is deemed as having high-grade gold mineralisation underneath the historic workings. Bendigo Mining listed on the Australian Stock Exchange on 19th December, 1985.

Bendigo Mining (BDG) was the best performing shares on the among the shares listed on the ASX200 index (Winner of the Week for week 12 of 2007). The Australian mining company gained 6 cents or 15.94 percent closing the week at 40 cents. This follows three weeks of being the worst performing company of the week. The All Ordinaries closed the week at 5978.8 and the ASX200 index closed at 5995.

Bendigo Mining (BDG) is the worst performing company in the ASX200 index this week (Loser of the week for week 9 of 2007). The mining company lost 9.09 percent shedding 3 cents and closing at 30 cents per share. BDG has been a loser of the week multiple times this year to date. The ASX All Ordinaries closed at 5810.2 and the ASX200 index closed at 5830.2.

Bendigo Mining (BDG) is the loser of the week again (the worst performing company on the Australian sharemarket ASX200 index) for week 4 of 2007. Bendigo Mining was the loser of the week last week. The gold mining company closed the week at $0.36, losing 6 cents or 14.5 percent for the fourth week of the year.

Bendigo Mining (BDG) is the loser of the week (the worst performing company on the Australian sharemarket ASX200 index) for week 3 of 2006. Bendigo Mining closed the week at $0.40, losing 11 cents or 21.8 percent. The All Ordinaries closed the week at 5652.1, up 0.7 percent from 5611.9 last week, while the ASX200 index closed at 5673.1.

Bendigo Mining (BDG) is the loser of the week (the worst performing company on the Australian sharemarket ASX200 index) for week 2 of 2007. The mining company closed the week at 51 cents, losing 23 cents from their share price or 31.3 percent.
SB Citigroup have rated the Bendigo Mining (BDG) stock as a buy, high risk with a share price target dereasing from $2.90 to $2.69. Bendigo Mining Limited is listed on the Australian Stock Exchange (ASX) under stock code BDG. You can view their investor website here. The company's principal activity is gold exploration and mining for gold. Check your charts!
Last week the Australian government handed down their 2006-07 federal budget. Macquarie Research Equities (MRE) notes that "The centre piece of the Budget was the personal income tax cuts which were more widespread and extensive than the financial markets had been anticipating. This will inevitably provoke fears that interest rates may have to rise in order to offset the fiscal stimulus.
The key initiatives announced in the Budget that have notable implications for the Australian listed market are as follows:
- Reductions in the tax rates on personal income as well as increases to the thresholds for each tax rate;
- Accelerating the depreciation allowance for eligible business investment;
- Abolition of the Reasonable Benefit Limit (RBL) and age based contribution limits, and the elimination of tax of benefits paid to retires from taxed superannuation funds."
Here are some Australian listed stocks that MRE believes that will benefit from the budget:
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)
