If you read the announcement BDR actually requested for voluntary suslension.
This is a normal practice. Every company done this in their business life cycle. Just a formal process to finalise paperworks or seeking additional fund etc.
REQUEST FOR VOLUNTARY SUSPENSION: BEADELL RESOURCES LIMITED (ASX: BDR)
Beadell Resources Limited (the Company) refers to the trading halt granted on 26 April 2018.
Pursuant to Listing Rule 17.2, the Company requests a voluntary suspension of the quotation of its ordinary
shares effective from the commencement of trading on 30 April 2018.
The Company advises that:
1. The voluntary suspension is necessary for the Company to finalise negotiations with potential
investors in respect of the capital raising referred to in its trading halt request dated 26 April 2018.
2. The Company expects the suspension to last until the earlier of the commencement of normal
trading on 7 May 2018, or the release of an announcement by the Company.
BDR Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
