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6.5¢ beadell resources limited

Ann: Trading Halt, page-395

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Gold Emperor

1,624 Posts.

8

22/02/16

19:46

Post #: 17086144
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Originally posted by loki01 ↑

GP

One reason for the share price being low was expectations of a CR. This has now happened (is happening) and the company has been substantially de-risked (at least for the remainder of 2016, and probably to at least July 2017. $50m (minus some fat fees I suppose) goes a long way and if the management do the operational improvements we want to see then shareholders do not have a lot to worry about (other than the potential loss of some upside from the share dilution)- I am now far less worried about BDR not surviving, but I do question the necessity of the CR (and its size) given the hedging option.

loki

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Imagine if they announced some hedging- she'd be looking rock solid as we move along.

BDR Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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