I would be very surprised if the Options were that low. Given that it is a debt package vs equity it may well not be 1/2 warrants but if you look at other Sprott debt packages (e.g. TSX listed Alphamin) I would think there'll be more touque required.
A friend , who should know, states that Sprott's gravy is providing funding to companies that large banks wont fund. Thus you can imply that BDR now falls into that category and does not have a lot of options. At least they are not at the La Jolla level !!
I would suggest that the QR shows that the situation is "fluid".
IMO the Chairman is part of the problem and i advocated for him to go (and voted millions of votes to that effect) when the management was changed.
Cheers
John
BDR Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
