BDR
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0.00% 6.5¢ beadell resources limited

Gold price, page-13194

  1. roka
    1,378 Posts.
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    15/12/17
    10:36
    Post #: 29652386
    Forget 5% dividend. I just doubled my BDR holding. Average buy price now 16.4c.
    This quarter they're forecasting production of 60,000 ounces as high grade material from the Tap AB complex is processed. I am not counting on them meeting this target, but have another look at Figure 2 from the September quarterly. Nice cheddar is being mined 2H2017, only hitting the mill in this current quarter, but Bonanza grade material is due to be mined in 1H2018. There's going to be even higher production quarters ahead for all of 2018. A$200M MC is cheap!

    Government now fully behind Beadell.
    Brazil scraps Amazon reserve to allow mining
    http://www.aljazeera.com/news/2017/08/brazil-scraps-amazon-reserve-mining-170824140632855.html

    Guess I am now as bullish as atomic.
    Last edited by roka: 15/12/17
    BDR Price at posting: 16.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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