Beacon Hill Resources Forum

What a difference a day makes! 24% down on the day - you wouldn't have thought it possible. Once this hit .1p I was sure it couldn't go any lower but in true BHR style it heaps a whole load more disappointment upon us all. Just the 92% down now but eh oh what's another few percent. The BoD are going to really struggle renegotiating on the CLN's, they are obviously trying to back pedal on the deal done to give even more away with the optional warrants. The legal boys and Darwin will wrap them up in paperwork and legislation it will take them until next Christmas to sort it out. RK is massively out of his depth when it comes to corporate finance and clearly no one with any knowledge in the subject is advising him. Pitiful, shameful, disgraceful - all words that have been said a thousand times before but more applicable today than at any time before.

hehe dat seatrout de man is very funni

All dey are doin' is lowerin' da price for Darwin, funni how dey Darwin sell out den da price drops to let dem bac in cheaper, dem darwin dey not daft, dis dey who run dis and dey who pay RK's bills

duxi man, I bet dat dis dawg will finish de day at 0.08, BHR new trading range, 100% for da 0.16. De BoD dems an embarrasment

dis company, wat a load of shit, dem may aswell pack it in

And she falls even further to 0.07p for a moment.

Oh dear - .08p as I type. Another typical BHR RNS - nothing of any substance and they have just deferred the problems into next year.

lookin like da death rattle time for poor ol BHR, da funding was de big ask for dem BoD along wi dat workin capital to keep da boys in Red Stripe until production, will tek a miracle to pull dis one from da fire, get dem while dey are cheap or may be dat dey could be very costly.

Morning Jam, you brave thing you! You've done well to get down from 3.5 to .8. I have come down from 2.85 to 1.03 but it has cost me a lot as I bought at the wrong times. I put 3k in at .66p months back. My entire £31k investment is only worth £2,700 this morning - it stinks but I've only got myself to blame. £3k this morning would do some serious damage to my average but my brave pills haven't arrived as yet. God luck pal and I hope all this averaging down proves the right decision to have made. How deep are you with BHR?

Cheers Jam, I have ordered some more brave pills from my GP along with my medication for irrational investing. If they arrive in the next few days I might pop a few with my evening Baileys and see what effect they have over the coming week or so. It would be outrageous to see this company go to the wall with the money that has been pumped in over the last 4-5 years. The one thing that does intrigue me a little is the Commerzbank AG shareholding - why are they here? Is it a red herring or is there more to this? The Germans tend to take a balanced long term view when it comes to business. It's not in their culture to be reckless by taking a punt on a minnow of a coal mine in deep dark Moz.