Just going back over some notes that I had on this company. Does someone have the answer for the following?
According to the appendix 5B for September:
Cash at 30 September = 22m Unused debt facility = 5m expected cash outflow = (35m) + exercise of option in oct = 2.9m + sale of RC Rig in Oct = 2.5m net cash at end of quarter = (2.6m)
Where are they going to get their cash from? What if there is another delay in production and first gold sale?
BDR Price at posting:
$1.00 Sentiment: None Disclosure: Not Held