I agree GoldBear, I used to be a holder (a couple of times) but glad I exited.
Golden Harp is a shell, and a complete failure of a company. Their auditor expressed concerns in their last report that the company may not be a going concern, with more debt than equity and nothing to pay it with.
So this may also be a process to help out the Golden Harp losers over there in Canada, especially the directors and insiders who own almost half of the company, because they don't want to lose all their investment, so why not try and lure a sucker from somewhere with the promise of a TSX listing, and then hopefully the Golden Harp insiders might at some time get something out of their losses by plundering BDR.
Nothing good here. If BDR wanted to list on the TSX, they should have done it the tradition way, and not by merging with a failed company. I'm not sure what the BDR board were thinking, maybe they saw the names Sprott and Lundin and were caught in the glare. But Sprott is only a lender anyway, at 8% or something I believe, so they didn't want Golden Harp to go into receivership, so this is a way they might get some cash back at sometime, via BDR.
Give this as wider berth as you can - it's terrible. BDR has been trashed, and I expect the full extent of the production and profitability problems have not yet been divulged.
To sum up - The merger of two failed entities does not make a success (i.e. Two wrongs don't make a right).
There are so many other infinitely better gold buying opportunities.
Gw
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