News: BDR Beadell Resources Announces Board Restructuring and Mining Contract, page-21

Current Move by BDR is Far More Dangerous than all earlier move.
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1) Installed a CEO/MD who has ZERO EXPERIENCE in managing a mining operation.
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2) Now Most Directors/Staff is Located in Canada means Perth Office is already made Redundant.
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3) I expect now CEO top job is to list on TSX-V and delist on ASX and close the Perth Office all together. Once that happens Bye Bye ASX.
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4) Only hope was BDR will finish plant upgrade. Since Plant Upgrade Contract is Cancelled means it is half baked job. Ask any engineer, completing a Half Baked Job require more cash than even starting from Zero.
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5) ANOTHER CAPITAL RAISING REQUIRED TO COMPLETE PLANT UPGRADE.
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