You notice that 4.5 mil is in the equipment and acquiring contract. BDL has planned to buy two new rigs as well as acquire the equipment at sunrise damp.
By the way, these activities will generate revenue in near future. You need to spend to make profits. The last quarter report is to the end of December 2004 which the period only 1 month after administration and relisting, so it is not as critical. The real test for BDL now is from January 2005 to June 2005, b/c that will tell us whether BDL is turning around and make profits.
Hope good news come out soon about the big join venture with another mining company.
Good luck to all.
JOHN.
BDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
