BDR 0.00% 6.5¢ beadell resources limited

Gold up, BDR stagnant..., page-2

  1. 546 Posts.
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    I don't know, but l would write the updates a little differently.   They should lead with an executive summary.  


    Beadell Update:

    • Loan provided for $5M USD from Great Panther
    • Oct gold production = 15,046.  Nov gold production = 12,471 
    • Dec guidance is 18,000 ounces  
    • Minor plant issue associated with the oxygen plant been worked through (estimated remediation cost is $100K USD
    • Forecast CY2018 production will be at the low end of guidance of 125,000 to 135,000 ounces and AISC will be at the higher end of guidance of US$1,000 to US$1,100 per ounce


    I have changed my sentiment from Hold to Buy.  A stronger gold price will deliver the free cash flow to get the drill bit out early next year and it might even attract a superior offer.  






 
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