Hartleys Research has a “buy" on Beadell Resources with a 12-month price target of 93¢ a share.

Beadell Resources has announced that BDR, Zamin and the local government (DNPM) have agreed to temporarily suspend mining at the Duckhead Prospect in Tucano, Brazil. Technically, Zamin holds the mining permit and must account for the extraction of the gold ore, but practically Beadell mines it for Zamin. This creates complications with the DNPM, which are easily surmountable with an agreement, Hartleys said.