Beacon Hill Resources Forum

"Once the US$14.5 million fundraising has been successfully completed and the new DFI debt facility secured, we will be well positioned to rapidly develop Minas Moatize into a profitable, Tier 1 cash cost coking coal producer." This is just a big lie. BHR have never and are incapable of doing anything 'rapidly'. RK said in his radio interview the washplant would take 12 months to upgrade and would be complete March/April 2015 after which they would need 6 months to ramp up to full production. That is 2 years away before any revenue - that is not rapid! They are desperate and so far out of their depth it is untrue. My £31k is worth £600 today and if the resolutions get passed, my £600 will be worth around the £60-£100 mark. RK and his men are a disgrace and should be shot at dawn for what they have and are doing to this business.!

So what is everyone planning to do then? Are you selling your 6000 shares at 1p or 6 at 10p?

i thought that was weird seeing those buys - why?

Goatmaster1 I cannot understand that either why not produce something to sell apart from the locals. What is the plant doing at the moment has work begun on it and ceased leaving it unusable.

oh fantastic

RK and JFJ just stated this xmas they will be sending all PIs a Happy Holidays card

shame someone couldn't record the conf call and post it. I can't listen in any longer this morning.

I listened to the call for 15 minutes and the quality of the line for Rowan was so poor he may as well not have bothered dialling in.

I'm can't add to this shambles under the same management that have duped us for the past 24 months already. Rather see it in Administration and them out on like Cylindrix.

I can't believe this. Round 1 investment wiped out but if your 'loyal' and jump in with us for Round 2 everything is going to be different when we get to Tier 1 and the price of coal turns around!.