With all due respect, only people buying BDR are now quick traders. Buy at 5 cents and sell around 6 cents. There are several of them on this forum here. Last I checked my account Nobody is paying me to write post here. (I still hold BDR
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1) BDR is loosing around 4 to 5 Million US each Quarter just on production. Also BDr owes to MACA around 64 Million Dollars with 6.5% Interest(RBA plus 5%). Interest alone is 4 Million Dollars plus Several other Debt Repayments are due soon.
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2) Seems you did not read the Quarterly carefully which I did. Plant Upgrade was Held for not placing order for components (means supplier wanted upfront payments). Out of 31 Million Raised in Capital Raising only 10 Million Left in Account and that is not going to last long either
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3) When Gold Price was far above 1350/OZ BDR raised 110 Million Dollars just to survive. If you expect them to make money now, one needs a cold shower
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4) Sooner after last Quarterly I posted Plant Upgrade too early. Looking at those recent pictures, I will say at least till mid Feb.
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5) Until Unless Plant is Upgraded and Debt is Reduced, BDR is Pure Gamble.
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6) Keep 15,000 Dollars Ready, another Capital Raising at 4 cents is on your way. Yes some Pump & Dump may happen before Capital Raising (as happened last time)
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BDR Price at posting:
5.5¢ Sentiment: Sell Disclosure: Held