Hey guys.
I want BDR to be a huge success as most do here.
The last quarter showed things in a clearer light.
They do not have the capability to expand or even make money.
Unless gold stayed above $1400.
As I posted recently. This wont happen for quite some time.
The qty showed they are treading water
With what they have ATM.
Gold everywhere but no funds to get it out of the ground.
Really the new bozos have no option.
This quarter will be down on last quarter
And things will not improve unless they have capacity
To open up new pits and increase the size of the plant.
My worry is $50 million is just a band aid
To make sure the bozos get paid for a couple more years.
$100 million may be enough to do something now.
As for the last CR
The SP was held down and not moving with the POG
After the CR the brakes were taken off.
It could be similar here
Except this time there is a 5 cent haircut.
But if the POG hits $1350 then 42 cents could be a possibility.
Cheers
BDR Price at posting:
34.5¢ Sentiment: None Disclosure: Held
