re: Ann: US$80M Bank Debt to Fund the Tucano ... With gold price close to $1,900/oz the question is whether BDR can negotiate better terms for the loan (e.g. commit to smaller hedge.
The hedge book would be marked to market and could be a drain of money in a bull market for gold and hold the share price back.
Alejandro
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DYOR, this is not investment advice
STO, BDR, TRY, PEM, HCH, ELT
