Gold miners are the best performers today on the ASX.
Black Panther up 5% to 61 US cents.
Gold has moved up nicely to $1250 USD.
BDR produced 27K ounce in Oct & Nov.
Plant upgrade has a miner bug estimated cost to fix is USD $200
As part of the takeover to make one Black Panther share you'll need 16.15 BDR shares.
So with BDR at 4.7 cents x 16.15 = $0.759, divide by 1.39 for USD to AUD conversion and you get .58 cent.
Let's cut to the chase this bad boy is trading at a small discount of 2 cents. I've done this for my own reconciliation purposes!
To the TA side Black Panther was trading at $1.40 back in January of this year. If that point is revisited then a BDR share would be worth 11.4 cents. To get real momentum here, l think the merger needs to proceed and after that you'll get the price lift. But if gold and silver keep moving up then that's another ball game.
