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Business Description: Beadell Resources Limited (BDR) is a gold producer company. Its primary asset is the Tucano gold project, located in Brazil. BDR also has a portfolio of gold exploration tenements throughout Australia and Brazil.
Strategy Analysis: 2010 has seen a flurry of good announcements made by the company in reference to its Tucano gold project in Brazil. The company is now carrying on with further drilling to ascertain how large the gold mineralization zone is and to determine its economic potential. The company also agreed to sell the Amapa Iron Ore Royalty for $31.25m cash to Anglo Pacific Group.
Beadell Resources reported negative cash flow of $16.89m for the quarter ended 31 December 2012. Operating cash flow for the period was $(33.19m). Payments for exploration and evaluation were $(1.05m). Investing cash flow was $(480,000). Financing cash flow was $16.79m. Cash in hand at the end of the quarter was $5.45m.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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