gpl ‘takeover’, page-11

At the time of the merger being proposed (29 Sept) the gold price was $1190 and BDR was on its knees.  

What's different today...
  the gold price is $1308
  the plant upgrade is complete
  a tax refund of USD $10.3m was received 
  a new mining contractor is fully mobilised (move that dirt)
  the business has been re-structured
  a USD $5M debt repayment has been made to Santander.  One final payment of $5M due in April
  2019 forecast production is 145-155K at a AISC between $1000 - $1100
  2019 EBITDA should land between $30M to $45M USD

So when they rang me last week to ask how l will be voting.  I said, that l will be voting AGAINST the merger, because it's grossly unfair and there is a turnaround story emerging.   GPL need to offer better terms and quickly.