http://seekingalpha.com/article/2531245-beadell-resources-is-a-be...

http://seekingalpha.com/article/2531245-beadell-resources-is-a-bet-on-the-second-half-of-the-year

Very positive wrap from Seeking Alpha and the following on the share price slide:

Debt Restructure

The June 30 announcement reported on the unexpected and sudden conclusion of the business relationship between Beadell Resources and MacQuarie Bank. The project finance facility was refinanced with a new unsecured corporate facility with Banco Santander, and the hedges associated with the MacQuarie Bank were closed out.
The share price seemed to suffer even more following this decision; and voices were certainly heard arguing that an increased short position and the apparently increased activity of high-frequency trading was a consequence of the switch away from MacQuarie Bank. We are usually not gullible for conspiratorial theories, in this case blaming funds associated with MacQuarie Bank exiting their positions in Beadell Resources in a very disorderly fashion. But we could not help but take note of the company's share price that seemed to struggle even on days that were generally positive for most other gold miners.
To date and three months later we believe that this activity, if it ever happened, is calming down and trading in shares of Beadell Resources is very much in line with other Australian gold miners on the Australian Stock Exchange, where the company has its primary listing.
All said and done we are certain that the new corporate facility represents a step in the right direction for Beadell Resources, giving management more independence and flexibility.

end of quote.

How is the short position going?