A second last chance to salvage? Trance 1 settlement is due on...

A second last chance to salvage? Trance 1 settlement is due on the 15th of Maym they are dealing with international investors hence the process time is longer.
What other scenarios you think the company will close their business?
They spend huge amount $$$ to upgrade the plant and it is close to completion.

I would suggest you read the latest activties report from March.

They are starting to ramp up production and the dry season is in huge favour.

Here is an extract from March report
"Near mine exploration completed in the March 2018 quarter continued to focus on the Tap AB complex
targeting extensions and definition of Neo Lode, Tap AB1 Trough Lode, Torres and Urso.
With the Plant upgrade almost complete and resultant flexibility to process up to 100% sulphide ore, the near
mine exploration can now focus on the highest potential targets versus the previous focus on oxide ore
sources. The largest deposit at Tucano is Urucum, which will become the main ore source over the coming
years due to its lower strip ratio."

As long gold price in thr 1300 mark, bdr will turn around.
The upgraded plant indeed cost them $M so far and I will take the risk to wait for the results.

I am sure you and your mates know this game very well and you have invested many mine explorers in the marketcap of $100m or plus. I see they are more at risks than BDR as it costs them hundred of millions to build the plant etc.

There are certain things i hope Management would be more transparent but again there are major shareholders holding the knives to their throat demanding for more information.