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6.5¢ beadell resources limited

Ann: US$60 Million Senior Secured Credit Facility with Sprott, page-6

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andrew39

649 Posts.

26/02/18

16:39

Post #: 31353895
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Originally posted by flaming ↑

Well well well.......for all the screaming and yelling about Capital Raise.

NO CAPITAL RAISE......NO DILUTION.

Although the deal is highly favoured towards SPROTT, it is much better than capital raising dilution
To get US$60 million from a highly experienced hard core resource guy like RICK RULE....who must have done mine site visit, all the necessary due diligence....that tells me Mr. Rick Rule must have confidence in getting his money back & more.

Today's trading activity was definitely giving a hint that something was in the cards.
So who picked up that 18million share sale. It could be SPROTT Resources is also buying the shares on the market.

Congratulations to Simon Jackson & management to secure this deal.
Now get your..........a.......s........to get the job done efficiently & effectively.

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So where to now with the SP? Back above 2o cents - if so how long or do we now have to wait for a pickup in the POG?

BDR Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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