It seems nobody mentions the $10M loan as a good thing, so I think not many persons here know business.
Many people here thought the $10M loan because of cash shortage, but they did not think why.
BAA will have 50% production increase in H2 than H1 (60% for H2 and 40% for H1 as guidance). Do you think BAA should increase this 50% production without any increased materials purchase? If you think BAA should purchase increased materials for the 50% production increase in prior, then please calculate the difference between $10M loan and the income of the 50% production increase. The 50% production increase for H2 means 50-60K OZ production increase or $70-80M income increase.
We also know $5M loan now and $5M loan for September, that means BAA management plan for the future in advance to be safe for the increased 50% production.
Yesterday's news should make BAA price 20-30% increase at least.
The 50% dore sale agreement will save BAA 50% of sale cost each year, that should be muti-millions of dollars save.
The $10M loan from Baiyin gave us a signal that BAA will get money easily from now on if it needs in future.
So, please sell, sell BAA for Blue's under $0.30