Ann: $3m Placement and $1m SPP to Launch Tunkillia Studies, page-18

Some pretty conflicting opinions on BGD in here from an outsiders perspective. I try to ignore the noise as best I can and watch what is actually playing out.
Fact is, someone(s) wanted to throw $3m at it, rather than the $2m being asked for.
Once the paychecks come in, BGD will have around $10m in the bank to play with. Should be enough for around ~12 months of drilling and scoping studies, based off the last ~3 years since IPO.

Even with prior management selling out, which is done for a large variety of reasons, the share price remains fairly stable - even making a new all time high (before they decided to raise money the very next day! )

Keeping a close eye on it to see how it goes once over the next month.

Stuck a toe in the water last week to check the temp.

With on-going drilling, a scoping study in the works, resource upgrades every few months and a strong gold price... Could be a ripper trade.
The technical analyst in me is foaming at the mouth to see this make a move out of this 3 year long IPO base. Should it go, shareholders should be in for an awesome move.