Thanks Spec "The 6m unsecured loan, from memory has not been...

Thanks Spec

"The 6m unsecured loan, from memory has not been drawn? So perhaps this may still be available, although with it due June 2016, it would seem a bit of a waste to do so."

The facility was fully drawn during the September 2015 quarter (see page 7 of report) and they put this money into a Brazilian account earning 14% interest (I wonder if the real has since depreciated against the USD by more than this return - they should have kept the money in a AUD account until needed as a natural hedge, IMO).

http://www.asx.com.au/asxpdf/20151028/pdf/432gkvzk702d3h.pdf

I think BDR should be OK by end September so long as they can produce around 13k ounce per month at no more than USD800/ounce and the gold price averages USD1100, at which point extra money from Duckhead should be in hand, unless they find other ways of filling up the till.

loki