It is depressing sircorp as most of us would be well in the red. On the other hand we can look at a few positives which could possibly help BDR rise from the ashes.
Problem 1 - Poor roads / trucks getting bogged. Solution - road works have been happening to improve transport
Problem 2 - Debt level Solution - Part of capital raising used to reduce debt
Problem 3 - Processing plant inefficient / unable to process sulphide ores Solution: Plant upgrade to improve efficiency and enable gold extraction from sulphides.
Also drilling prospecting continues with some progress, and maybe merger and listing on Toronto exchange could help boost interest.
Lets hope we all get some more positive news going forward. There is potential for a fail ... or substantial rise from these lows.
BDR Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
