Hi there MADX,BGD certainly seems to be on a continual road show...

Hi there MADX,
BGD certainly seems to be on a continual road show promoting their past, present and future.
My thoughts are that they will need to raise additional capital prior to switching their Challenger mill back on. It is fantastic that they have managed to keep dilution to a minimum thus far.
However, they need to continue aggressive drilling programs at Tarcoola and Tunkillia if the stage one and stage two narrative is to be realised. Tarcoola will soak up cash as they drill with a view to establishing a sufficient MRE to justify refurbishment of the Challenger Mill.
The Mill refurbishment is likely to be circa $10/12 Million. Tarcoola and Tunkillia drillng in 2024 will run into millions. So, in my view, there will be a CR in 2024 and it is clear that BGD would like to draw capital from quality institutions. I expect that any CR will be sufficient to ensure Challenger is refurbished and up and running. Tarcoola will drain cash and it is imperative that the exploration program at Tarcoola is broad and intense as the whole stage one/two thesis is wholly dependent on Tarcoola gold being discovered.

That is my primary view of why so many road shows. The only other possibility is that they are hanging out the "for sale" sign.

cheers
Mulac1