BDR 0.00% 6.5¢ beadell resources limited

Ann: Beadell Exploration Strategy Update, page-11

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  1. 13,234 Posts.
    lightbulb Created with Sketch. 555
    Don't worry BDR is not going any where (Except some Pump & Dump). Reasons are clear
    ..
    1) Plant Upgrade will end in Nov. By the time Teething Problem Ends it will be Jan.
    .
    2) All the promise of New Ore close to Mine is year away ? Stripping to remove Overburden requires lots of Money and Time, not going to happen over night
    ..
    3) Gold Price is Rock Bottom and BDR does not have any hedge against low gold price that means current Quarter, BDR is bleeding financially plus Plant Upgrade Cost.
    ..
    BDR needs more money (Capital Raising) to survive.
 
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