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clock Created with Sketch. 17/03/18
22:36
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Originally posted by walmak
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John, you see the glass half empty...and I see the glass half full. I agree that BDR had some issues in the past however on 26/02/2018 they have secured credit facility up to US$60 million (Credit Facility) led by Sprott, one of the world’s leading providers of finance to the natural resource sector. The facility ensures ample liquidity through the final stages of the operational turnaround at Tucano, which commenced in 2016 including the completion of BDR plant upgrade which remains on time and on budget for completion mid-year. Partnering with Sprott on this facility gives BDR ability to source liquidity if, and when needed, and represents a significant milestone to ensure the financial health of BDR. The Credit Facility is subject to mutually satisfactory documentation and other customary conditions precedent for this type of facility, which are expected to be completed by 31 March 2018…obviously Sprott Private Resource Lending (Collector), L.P. (Sprott) checked BDR current financial and operational position and if they will sign the documents by 31 March 2018 that should give the green light to the investors. I don’t care about “the serious investors trust”…they will be around again and again as soon as they will see $$$.
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....in 4Q 2017, the amount of gold produced, head grades, and recoveries were significantly higher than in the previous quarters of 2017. What is more, in the first half of 2018, Beadell is going to continue mining in the same high-grade zone as during 4Q 2017. In other words, the first half of 2018 should be pretty good....
