I'm the same as you being a johnny come lately mak shareholder -
however, some good developments early on to give some +ive momentum -
* extra $3.0 million of new investor money - 2nd ranking behind MAK to give more working capital, and aid development of the more profitable areas
* 2nd investor is the contract miner on this site - him putting his hard earned is a vote of confidence in the new western zone - if anyone has inside knowledge on the potential - it is this guy.
* very quick restrucutre in terms of workforce - I hate to see anyone get laid off - but if the mine was temporarily unprofitable, then this was an immediatete necessity - and was done very swiftly.
* gold price over $1400 US - if we can get the costs back down to under $900 - as was in prior 1/4erly's - then we should see the SP back up to mid teens.
All of the above on MAK's investment of 0.1c - could be quite a return on the initial $8.0 million.
Would also be a good outcome vs the alternative for old BCD holders too - rather than going into liquidation - and the asse being put up under a fire sale.
ust my initial thoughts at this stage.
BCD Price at posting:
14.4¢ Sentiment: LT Buy Disclosure: Held
