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6.5¢ beadell resources limited

Hi Binwood, BDR did have very high short term payables coming...

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Windham14

284 Posts.

22/02/17

14:35

Post #: 22814051
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Originally posted by binwood ↑

There is obviously going to be some cost accruals to an item that they don't consider AISC otherwise the financials won't balance. Where those cost accruals go will be telling.

You guys keep saying they only have to announce financials twice a year so why would there have been any continuous disclosure issues.

50m raised last year, 40m paid off debt and the cash position hasn't improved, but they have had positive margins in 3 out of 4 quarters allowing for disclosed CAPEX expenditure....hmmm

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Hi Binwood,

BDR did have very high short term payables coming into the start of 2016. I'm hoping to see a reduction in those payables which correlates roughly the ''alleged'' cash variance.

If there has been deterioration of the balance sheet, even when correcting for the cap raise, that will be cause for concern.

Until then, I'm happy to be on the bus.

Cheers
Ivan

BDR Price at posting: 31.3¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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