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327 Posts.
12
27/06/17
20:44
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I think you are right.
Those buying here are just punting on this being close to the bottom.
In 4 - 5 weeks the quarterly will be out. It will give an indication on AISC, how many oz they have been producing and grade.
It will be really interesting to see how much cash is still left at June 30. I am still estimating $25M.
I see that a NOM went out a few days ago. This is obviously clearing the decks for a capital raising after June 30.
With Market Cap of $85M, a CR imminent and potential debt of $10M - $15M, it is a brave punt.
It will also be curious to see who the 25M shares belongs to. More importantly if they are supportive of BD or not.
Could this be a play to remove BD and the board. Time will tell.
All in all, the quarterly better be good.
DYOR
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