Ann: June 2015 Quarterly Report, page-30

End of the day the payment of ~$15m is to their principal contractor and given how much the latter depends on Beadell as a going concern I am pretty sure they would be able to push out repayment if required. So not overly concerned about timing of that...as given relationship that should be able to be managed ok when cashflows rocking in 2016....

If they continue to achieve ore movement of 2.2m per month achieved in July then there cash cost guidance at upper end of 820 per oz (which assume excludes duckworth whilst 680 includes) then they will be ok I think at gold at US $1000 IF and big if a) gets there and b) stays there.....and regardless from 2016 with duckworth included should be able to manage with POG of $1,000 as if gets there means BRL likely weakened further against USD.

Beadell is down here for a reason....because sailing close to the wind.....but yes now seems to finally be moving ore with new toys on board with July's record ore movement of 2.2m tonnes.....as this projects them to achieve double ore movement for this quarter compared to this past quarter....

Lot of shorters it seems on this thread pending gloom but I think at these levels we are ok......