Well I'm more going on their Agincourt days rather than BDR, but its principally the same guys. You have to remember where they are mining, its not so easy, however from what I saw in the last quarterly they are right on the cusp of delivery strong cashflows.
Those cash costs from the last quarter were overly high as they removed a huge amount of ore to get only 3k ounces, but it was so they could access the orebody & that will feed through this quarter. They also refinanced away from Macquarie to a local Brazilian bank & that's no easy feat either. I'm not saying they are perfect, but they are smart guys in the dealings I have had with them over the years & they are also straight.
I realize long term holders have suffered, however I always thought this stock was over hyped & lie a lot of gold stocks it was over valued considering what POG has done. However like all cycles they swing too far & imo this stock should be trading circa 50c, so at 22c its a bargain.
-
- There are more pages in this discussion • 6 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
