BDR Amazing Deal

In past two months:

1. US$60m (=A$78M) loan at around 8%, principal amortization deferred 2 years..

2. Listing on TSX. (e.g. Novo Resources, explorer in WA, valued at USD$800m, listed on TSX)

3. New board members.

4. 160000 oz/year production

5. All of the above with only 5% dilution.

6. Investment by Sprott CAD$4M (=A$4M)

7. $90M market cap.

It's a good deal, I must take it.

The lack of credibility of BDR in past 5 years meant I only bought 20000 in my first lot (shares not $), which is the sad part.