-12m cash in the bank -new cracow acquisition will mean 80m cash revenue over next two years to explore current tenaments -ceo took Agincourt resources from 2m market cap to an Oxiana led 400m+ takeover -ceo then says to Oxiana i'll take back all of the choice Agincourt tenaments and in exchange Oxiana can have 10% of ceo's new creation, Beadell. -i REPEAT in effect: all of the prime Agincourt tenaments (which were sold as part of the entire company for over 400 million) are now in Beadell - which is capitalised at a tenth of 400 million Oxiana has a major stake the CEO has invested a million of his own dollars to own a sizable chunk of the company Gold prices are rising Co. is going to be rerated v v soon in line with the June 30 acquisition of Cracow - from explorer to producer!! Anyone else here agree that this is not rocket science?
BDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held