Ann: Beadell Announces Board and Management Changes, page-107

Hi folks
I have decided to exit completely today simply due to a view that gold is likely to break lower , break through previous low and may therefore head to 1000 quickly . Brl gold about 15% off as well and now just above 4000.
I have been wrong before , but gold is sitting just above support and could easily fall through any day . A fall in gold to such a level will make margins tight again even on improved performance
I still believe BDR operationally have turned the corner , but the gold price is key

Good luck folks and please believe when I say I am not going to turn negative just because I sold , nor will I be upset if BDR rallies