One important milestone and what a change for it completed early.
But more needed:
pre leach thickener
CIL tank
Oxygen plant
full mobilisation of U & M
by early November.
Shame no more detail when VAT credit of $27M expected, hopefully this current half. It would make a big difference as I'm not expecting a great improvement in cash flow this half.
A$1M/month mining cost saving obviously not enough. With Real dropping 18% and 10% v. US and Aus $ resp for the first 6 months I would have expected more (now 25% and 15% YTD).
A shame we weren't advised how production is going.
I would hope BDR gives us a monthly production update post November rather than wait for the qtrly.
BDR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
