Tartaruga has no mine.
It is just a resourse.
Tucano is all they have to work with.
Drilling indicates plenty of golld not far from the plant.
Really need to boost capacity of what they have.
Alas money will go to pay debt and improve the balance sheet.
We are on the never never plan.
Hoping for the POG to explode
So they can show a profit and money can be borrowed.
I am guessing us poor mugs wont get a look at the CR again.
Going out on a limb here but I am guessing on market buys will be cheaper this time.
Looking at an initial drop to 27 cents.
I dont go too far back with BDR but I was around for the 1 cent divvy.
But I have often wondered why there are so many shares on issue.
Must have blown plenty of cash
and raised funds at lows.
Nothing much has changed in the year.
Production has improved a bit.
But they just cant make money.
I think it doesnt take much imagination to see
That this quarter wont be pretty.
As I posted I dont want to be cuaght with many shares
a month or so out from the next qty,
But would be a buyer 10 days out
If no guidence update announcement comes.
Cheers
BDR Price at posting:
34.5¢ Sentiment: None Disclosure: Held
