Refer Announcements for more details. In brief: 11th Sept'12 Funding through Macquarie Bank $10mil.by selling 48,485oz gold @ strike rate of US$1,700 expiry 31 December 2014. 20th Nov'12 "Funding through to Commercial Gold Production. $10mil. Unsecured Convertible Notes to be repaid from gold production end of April 2013. 21st December'12 More Funding. This has been achieved by selling Macquarie Bank Ltd. call options over 20,250oz gold @ a strike rate of US$1,400per oz.expiry date 31December 2013. the amount of gold required to fund all this is closer to 90,000oz
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BDR Price at posting:
89.5¢ Sentiment: Hold Disclosure: Held