Beacon Hill Resources Forum

Yoyo - I'm certainly not celebrating losing £30k and 3 years of hard earned savings. As I've said many times before, nobody wanted this company to succeed more than myself, but reality has to kick in at some point - this company was going down the tubes and going sooner rather than later has saved naive fools like me from pumping more funds to keep Karstel and his cronies in jobs. I don't want to get in to any bickering about BHR as it's not worth it. I have taken my medicine, accept that I made a blunder and will move on. Good luck in any future investments. all the best idg69

RE:idg69 You must be one of those celebrating the death of the company... what you mean "nothing for private investors" as if you have something now... You are just like a kamikaze pilot... what you don't know is; you crashed yourself for nothing

Yoyo, you are misinformed, misguided or both my friend. There was going to be dilution on a biblical proportion with the placing only open to institutional investors with nothing for private investors. RK threw the smallest of bones after the notification to say a further placing would be open to private investors, but let's be realistic, you would have had to be brain dead to even think about taking them up on that offer. This company was on it's death bed 12-18 months ago but we were lied to by the BoD and kept pumping our money in with nothing more than blind faith that it would come good. Karstel would have bought shares if he'd had any confidence that this could be turned around. Investing in a company where the CEO doesn't hold a single share is a warning in itself - we should have all taken that as a warning sign!

I don't see it like you I am sorry for that... There was no dilution of shares, there was an excuse of shares being diluted... and that was the real delusion (synonyms:deception, misleading, deluding, fooling, tricking, trickery, duping) of people like YOU costing us money while people have the taste of revenge!

Cheers Breezy, I'll give it a look over and see what comes back. This time next year we'll be millionaires! Where have I heard that before? All the best idg69

idg69 This might be helpful to you a company called Vector Vest. They analyze stocks for you they tell you if the stock is a buy or a sell. They will email you a free report. You are allowed ten free reports. I used it for bhr and they always said sell but I ignored their advice big mistake I made. Hope this helps you before you buy into another company. All the best breezy.

Morning Breezy, been reading up on Alkane (and also Egdon Resources) they look like a good little company for future growth. Self funding, profitable and carbon positive - they are on next months list for a punt of £500 - £1000. My plan is to keep my exposure in any one company limited to no more than 2 to 3k and we'll see if this strategy is more successful. Can't really be any worse than my past efforts.

Yoyo - I understand your frustration, but Breezy is spot on. A yes vote would have diluted private investors to oblivion and only kept the company going another 6 months at best. The only people to have benefited would be the directors who could draw their salaries a little longer. I've lost over £30k on this puppy and close to £45k in total so few people wanted this to succeed more than myself and Breezy. BHR would have need massive cash injections on top of the dilution and still weren't forecast to ship coal until quarter 3 of 2016 - they would never have got there. A sad state of affairs I know, but the NO vote was the right thing to do. Equate it to putting a lame dog to sleep!

nothing wouldn't be zero

YOYO If we voted yes we would have ended up with nothing.