OTCQX:BGMZF - Post by User
Comment by
pigbruinmcveidon Apr 27, 2015 4:03pm
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Post# 23668844
RE:RE:accrued....is a savy ....X debriefer on the long Whisky
RE:RE:accrued....is a savy ....X debriefer on the long Whisky Roller,
What are you making of Friday's new release?
23K oz gold produced. That is very good. Extremely good in fact.
C$12M in debt paid. That sounds good but with the wording, I don't believe it means that total debt was reduced by C$12M. Rather C$12M in debt was paid and C$XM in new debt was incurred. Or do I have the wrong end of that stick. Not sure on just how the management team roles so IMO it is hard to decipher until we actually see the full year audited finanicals.
Bulk test is complete? Ok that sounds like no more mining at BL in the current pit. The pictures do look like a major expansion would be required to continuing mining so cutting it off for lack of money. Even if debt was reduced by 12M, there must still be 15M in debt left and if mining is finished, that is a pretty big wad to pay while funding exploration and new production opportunities.
What did I miss or mis read? Just asking.