Ann: June 2018 Quarterly Report, page-34

Congratulations
colinchi

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Cash and Bullion is $25 Million not Cash. Bullion is not sold daily basis, that leave cash only around $10 Million (after upfront payments to new mining contractor plus new procurements related to plant upgrade, more details below).
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I don't trust even a word what BDR reports. In May 2018, I was first to report that Zero Chance of Plant Upgrade happening on time. Last year they lied about High Grade Stock Pile which some how disapearred some where with out a trace ? Now we know all those statement were blunt lie to suck mum & dad before Capital Raising.
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As you have stated several times your self that you are a smart short term trader and have made fortune in Gold Stocks Trading. Last time you bought at 5.1 cents and sold at 6 cents. Now again your bought in at 5.2 cents (you yourself have posted those statements here). Any how I admire your guts being the smartest trader here. I better learn some thing from you.
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Thanks You found the missing dot in my post. Congratulations. Agree Debt is $61 Million Dollars (not 64 Million Dollars) with Interest rate of RBA rate plus 5%. At $61 Million some unpaid invoices in dispute (Plus Compensations to MACA Employee), hence I put the figure $64 Million. Also Royalty to Brazil Government MUST be paid. Also upfront payment to new contractor. No mining contractor will start without substantial upfront payment.
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During last 12 months BDR came with several Big Statements about Future Prospect, ASIC Plant Upgrade, High Grade Stock Piles blah blah. Not a single was true.
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As BDR has stated in recent Quarterly Due to Non Procurement, Plant Upgrade could not be finished means lots of money gone in procurement this quarter. Knowing the financial history of BDR, NOT A SINGLE SUPPLER WILL SUPPLY WITHOUT UPFRONT PAYMENT.
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I can assure you as on 4th August BDR Cash Position is far below than even 10 Million.
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