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Gold trading heavy... I'm still waiting to accumulate at 26...

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Bull#1

195 Posts.

23/02/17

18:14

Post #: 22855208
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Originally posted by colinchi ↑

HUI definately not suggesting a breakout
In fact I was worried about the opposite during trade last night.
Was at 202 but finished at 208.

Loki appeared to think BDR will have plenty of money.
But going on last year
36mill cash would be 23 mill end of quarter.
with $56 mill will push that to $ 78 million end of March.
Allowing for the cost of the CR.
End of June would be down to $44 million.
Allowing for $3 million drop in production for a half year.... As per guidance.
Allowing $3 million for bonuses and salary increases.
Should be around $38 million cash at end of June.
Not a lot.

Really requires cost cutting measures
But I dont think that is part of the plan.

Cheers.

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Gold trading heavy... I'm still waiting to accumulate at 26 cents, once again still a long term gold bull. GLTAH

BDR Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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