BDR 0.00% 6.5¢ beadell resources limited

Ann: June 2018 Quarterly Report, page-36

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  1. 8,355 Posts.
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    Without another Major Capital Raising, BDR cant and will not survive. Cant get simpler than that.
    ...
    Keep $15,000 dollars ready for next Capital Raising (Any time soon). Most likely at 4 cents/share. Last few months Gold has been pretty low so is BDR balance sheet is bleeding (Production cost is USD$1305 USD).
    ..
    BDR needs lot of money to complete plant upgrade, sadly it is loosing lot of money just on production alone and that is not going to change without Plant Upgrade.
    ..
    So between now and Nov, another Capital Raising is required to finish the plant upgrade & without Plant Upgrade BDR has no future.
 
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