.Im thinking the catalyst for any move from here will be reciept of new payments from quantum showing gold price locked in at new heights. The concern here isn't gold price or gold in the ground it is bez standing on a rug that might get pulled???
Currently even with existing and expected payment it seems we only have enough cash to put us in a precarious position of owing gold but not being able to produce gold. One or two more payments from quantum might allay fears that they can actually provide the finance they apparently offered. No more payments and we face same issues as others raising cash with the added complication of current deal already commitiing early production to lower gold price.
We seem to be having problems recieving more payments and we are only at 10% of the 5% deposit amount of $300m. Shouldn't be having problems yet if the cash is available? I guess the reason they so strictly specified no more than $10 mil per month is they planned to raise from investors as things progressed monthly. Maybe issues have arisen unexpectedly as detailed recently and that is why no new deposits after promised December installment? Hard to believe the arrival of the december installment finally will do much to settle nerves unfortunately.
BEZ Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
