Australia's largest stock trading and investment forum Australia's #1 stock forum

BDR

Click for more information

0.00%

6.5¢ beadell resources limited

Ann: June 2018 Quarterly Report, page-42

First 42 Last

Share
Profile

Follow
Rleonars

1,363 Posts.

51

07/08/18

18:40

Post #: 34783257
Share

Originally posted by eshmun ↑

Before DRM did the $25 million capital raising early this year they had net debt of $23.6 million and there is no real evidence IMO that they are out of the woods ($3.5 million added for a quarter with annual gold production of 65koz is not exactly a record that makes a gold investor drool. They better not be high grading Deflector or the SP will be back sub-20cents before not too long)

BDR has current net debt of A$52.3 million.

If you believe they can make positive cash flows quarter after quarter while paying down there debt schedule then they have a chance of survival. So far they have a large loss making record and have survived on capital raising totaling over $132 million since Feb 2016. That can’t continue forever if they keep printing losses.

If you think the Brazilian miners can turn this company around in the next 6 months (when they aren’t even going to be fully mobilized until early November) where MACA failed to do it and by producing less gold then go ahead and put your money in this company. I love the way they sell a drop in guidance as a positive, pure genius. Esh

Expand

Hey look, it’s the value of BDR shares after yet another capital raise... mass dilution... this company is toast.

BDR Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 42 Last

Add BDR (ASX) to my watchlist