Ann: Trading Halt, page-405

In today's announcement:

"To fund exploration activities to further increase Beadell’s mining inventory, both on the mining lease and on surrounding properties;"


"surrounding properties" caught my attention so I was checking out the map of the mining lease and surrounding properties on Page 9 17 Feb presentation ( I cant bloody paste the map) and I always seem to forget that the surrounding properties actually covers a large component of BDR mining areas that have not been explored I know its been noted before perhaps by John but if you are a new CEO and presented with a map that covers huge potential discoveries , well you don't dilydaly and wait upon existing cash flows, Simon is Hungry , he wants to double, maybe triple BDR 's reserves and perhaps process some of those new good grades along the way.

WHen you double/triple the resources its a road map to a potential takeover.