From a cash situation BDR seems to be in deep sh1t. We are accepting finance from wherever we can get it ; at the moment some from GPL. I am feeling that if the merger/takeover does not occur now we are going to go out the back door with nothing to show for it.
I hope I'm wrong but it seems to be reeking of desperation now. Is it this or nothing?
I for one am willing to accept a merger as a way of progressing things on the gold front and clearing up the debt with hopefully some rewards from the GPL assets along the way. Maybe there will be some benefit from some resource diversity for times when gold is heading the wrong way? It's a tough call.
BDR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held