Beadell Resources Ltd is raising funds

Capital Raising to fund the ongoing mill expansion: Beadell Resources Ltd.’s (ASX:BDR) stock rose 1.818% on August 06, 2018 after the company announced about its plans to raise approximately A$11.8 million through the placement of approximately 218.3 million fully paid ordinary shares to international institutional and sophisticated investors. The fund raised will be used by BDR to retain its current long-term debt structure, and to fully fund the ongoing mill expansion, which is expected to be completed by November 2018.

Therefore, overall the fund will be used for the completion of the Tucano plant upgrade, working capital, general corporate purposes and 30% of net proceeds will be used for an outstanding loan to MACA Limited as per the terms and conditions of the loan agreement announced on 22 June 2018. The Placement of shares is expected to close on or around 14 August 2018. Meanwhile, BDR stock has fallen 20.29% in three months as on August 03, 2018.

Location of Sole gas field and other Cooper Energy Gippsland Basin interests (Source: Company Reports)

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.

Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.