Thanks Sydney.
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When ever I have doubt about a figure, I always leave with a quote that, "Correct me if I am Wrong"
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I was not aware about refinancing arrangement, I probably stated that in my post too.
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Good thing about HC is that eventually some one will dig the right info and post here.
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Until unless there is a strong recovery in Gold Price, BDR will struggle to move North beyond 22 cents. However, pretty soon BDR will form a Trading Window.
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(..........................
Sept AISC $1264, means BDR hardly made any profit in Sept. Bringing ASIC down to below $900 in Dec, that is highly Unlikely" for two reasons
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1) Switching to High Grades does not happens over night, I take considerable time. They are not going to dump low grades to reach high grades"
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2) Dec is shorter month. Brazil is a highly religious country, everybody expect Christmas Holiday(As we do in Australia)
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BDR Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held