BDR 0.00% 6.5¢ beadell resources limited

No Kinross at a Premium sadly @atomic79, just a gift for...

  1. 154 Posts.
    No Kinross at a Premium sadly @atomic79, just a gift for Hartleys.

    Why not BDR just meet their quarter guidance of approx 40k oz, hedge at 1,230 and make a margin of $400 with their low ASIC. This would give a quarterly revenue of $16m for the 1st qtr.

    I cannot tell you how happy I was this morning when I saw the gold price and thought that BDR will be able to fund their operations and reduce their debt from the gold they extract out of the ground. Wrong.

    If they met yearly guidance they could have been debt free by year end. This CR just seems wrong to me.
 
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