Radio report may have boosted Beadell 14:17, Wednesday, 16 December 2009
Sydney - Wednesday - December 16: (RWE Aust Business News) - Beadell Resources (ASX:BDR) says in response to an ASX query over a rise from 12c on December 1 to 32c yesterdsay that its is aware of an ABC radio interview aired on 11 December in some WA rural areas and again 15 December in Perth. The interview is with Dr Ian Tyler from the WA geological survey department at the Department of Mines and Petroleum. He speaks positively about the company's recent announcement on 7 December - "Beadell Discovery May Herald New Australian Gold Province". "With reference to the interview and comments made by the interviewer in relation to a 'resource', the company wishes to confirm that the ASX announcement made on 7 December does not refer to a 'resource' within the meaning of JORC," Beadell said. "Although not related to this price and volume Query, last night the company compiled the accompanying [see separate reprt] ASX announcement relating to the West Musgrave Project. "As an unintended consequence of receiving the ASX Price and Volume Query, the Company is unable to rely on the exceptions to Listing Rule 3.1 contained in Listing Rule 3.1A. "Therefore, the Company advises that, in line with its regular public statements regarding the identification and assessment of value accretive acquisition opportunities, it is currently reviewing some potential acquisition opportunities. "These various discussions have not yet reached a stage where the Company can advise the market as to whether or not an acquisition agreement will be reached, or on what terms."
BDR Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
