Ann: Toronto Listing Update, page-72

Frustrated rant

I wasn't impressed with how BDR were performing while the share price was bumping along in the late teens, I decided to wait it out and see what the quarterly in Jan 18 had to offer, after all there had been many promises from management that they were working to improve the mine. While the many detractors had valid points, it was my belief at the time that the negatives would be mitigated by the improvements that management had been working towards/promising. More fool me for waiting.
It now appears that there were a lot of smoke and mirrors employed to give the impression of moving forward, while actually moving backward. The shenanigans with the TSX and shell companies and Lundin etc  don't seem to be in line with the shareholders best interests. But at the same time I can't help but think Would SJ risk his reputation and flush shareholders, all in favour of Lundin?

So where to from here? Accept a 65% loss and retain some capital. I don't want a 100% loss, even for the tax offset. I have a feeling that a nice uptrend in gold is just around the corner and that if BDR can remain solvent for the next 12 - 18 months, everything will be rosy.
I don't know if this is an intentional flush to hoover up cheap shares or not.
@worzel1 and @sircorp you both make valid points of concern which makes me worried there may be no way to climb out of the hole BDR has dug for itself.
They are still operating a gold mine, aren't they?

Feeling really frustrated with this one, and I don't want to end up in a similar situation to Jan where I thought it had reached a bottom only to lose another 2/3.