BDR 0.00% 6.5¢ beadell resources limited

Ann: June 2016 Quarterly Report-BDR.AX, page-5

  1. 11,947 Posts.
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    The market is looking waaaay past this document. Its old news.
    IMHO this is the last quarter when the new management are still having to deal with legacy issues from the previous team.

    IMHO we will never have a quarter of production lower than 30k for the rest of the current mine life (7 years). U.S $4 million was spent on stripping and exploration. Then you have what I believe will be a one off increase in the BRL, a 10% hit obviously makes the overall ASIC much higher, but for me, that is probably as far as it will go. Steady or lower from now on.

    If they just hit the low end of guidance, they will be producing 110k for the second half. The ASIC will be impressive to say the least.

    All their costs were lower and will continue to reduce, throughput was up, everything was up except recovery (and cite costs which were hit by the increasing BRL), but that will also change dramatically with high grading gold.
 
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