It's because he is short. He probably started shorting around 0.24 - 0.25 during the run last week or so. He's hoping to get it to a support line around 0.225 to get the hell out before earnings or with a little momentum down to 0.19, another major support. But he is sort of trapped right now so he tosses out some scare tactics once and a while to get flippers or weak hands to help his cause. But he is entitled to his opinion like the rest of us in here. It's just a wrong opinion this time. A month or two ago he had somewhat of a case when financing delay was going on but that has been solidified with 90M from Grant Mercy.
The way I see it is that the up side to BAA "FAR" outweighs the downside under the recent circumstances. ie. financing, drum coming on line, 2 mines, rainy season has passed, record gold production last quarter etc.