Gee. Just imagine if BDR had kept that hedge...or better yet,...

Gee. Just imagine if BDR had kept that hedge...or better yet, refinanced/renegotiated the loan with a possible trade off on the hedge, say lose $50, but gain another year to pay off the loan, it has been done by many other companies.

I just don't get why they rushed it.

As for a possible T/O, you have to remember why the project was sold to BDR in the first place. It was non core, meaning, it was seen as a small project. Just look at the big boys who sold all their projects in Australia. Just too small to be interested. Now, a possible merger, that might be a possibility, but these things take a little time to be worked through, and the collapse in the SP has been very sudden. So I highly doubt there will be anything happening in the near term.

I think consolidation within the sector will start to speed up, I mean, it has to, goldies are dropping like flies across the board.