Ann: Change in substantial holding, page-7

I think with a rise in BDR ASIC of 29% to US$1,161 an ounce from US$902 (March 2016) and the statement in their 2017 statutory accounts (pg 30) of:

"On the basis the Sprott Credit facility is completed as expected, the cash flow forecast also depends on the successful rolling of unsecured bank facilities of $23.0 million and continued support from our mining services contractor regarding repayment of the unsecured $9.7 million loan payable and some or all of aged past invoices of $28.2 million, to enable cash flow forecasts to be achieved. The unsecured bank facilities have a successful history of being rolled and the Directors expect this to continue. Should operations not successfully achieve operating and capital forecasts, including the continued support from the unsecured lenders and the mining contractor in respect of past invoices, the Group will require additional funding in the form of debt or equity or a combination of the two. Negotiation for additional equity and debt funding will be progressed as required and the Directors have a reasonable expectation that such additional funding can be secured."

BDR have done plenty to impact their own SP without help from others. I hear that their mining contractor (Maca) is not a happy bunny.