Looks like Capital Raise talks have been initiated behind the...

Looks like Capital Raise talks have been initiated behind the scenes.

In the know people are selling.

Some of the people who raised the issue before may be proven right on their assumption and No Capital Raise Required team may be proven wrong. I was on the no team based on 60k production at USD $700.
But with the new guidance of 50K.......things have changed. The actual number might come below 50k ounces and cost above USD $1000

Looking at the share price action I am now leaning towards a Cap Raise for the plant upgrade completion.

I can't think of any other reason of this sell down while the whole sector is having a good run and Gold price is robust in USD, AUD and more importantly in BRL.

If BDR has to raise money then the issue price will have to be below the current price.

Very disappointing.

By the way all above is speculation from my part.
Being an outsider, I can only do my guess work from the share price action.
If the numbers where spectacular the share price could not be held down.
There will  always be people knowing before us sheeple.

Not happy with this miserable start on the first day of the year trading action.