Beacon Hill Resources Forum

idg69 - Thanks for that mate...

faridameen - I cannot stress enough with BHR that you need to do your homework and fully understand the position BHR are in right now. Massive risk V moderate gain. This is not going to do a London Mining and shoot up to 3, 4 or 5 pence. I'd like to think it would with the money I've got sunk into this but the reality is it won't. The BoD have consistently delivered late and have run this share price into the ground with massive dilution over the last 12-18 months with a load more dilution to come and that's even if/when the SDF is scured and signed of for the 20m they need for the washplant upgrade. They need another 17m on top of that for operational/infrastructure requirements. Tread carefully, do your research, don't believe what the BoD say and don't put in more than you are prepared to lose. Advice over and out! If you do join this merry band, don't expect plain sailing.

idg69 - I missed out on a killing with London Mining, but a little money on it towards the end of the day... Im seeking out another killing to start my trading career with increased capital. I was thinking BEACON would be my next bet.

Hi Breezy, in terms of that golden rule - you and me both. All my life I have been so cautious when it comes to finance, I have no idea what made may plump for this turkey and why I have stood by and put more in to average down I don't know. All I can hope for his that we pull through and see our money back. Having suffered the way we have over the last 12-14 months I'd be happy to get back to even stevens and leg it with my capital itact. If/when this does head north it will be difficult to hold back from jumping ship and then not realising any profit for our troubles -though it would be nice to have that option to worry about. When I bought in at 2.8p that equated to a market cap of around 30m. With the dilution we have had since then 30m equates to only .84p - That is some watering down. Good luck.

faridameen 148 What is going on with Beacon? Where would you like to start?

Its going down...

What is going on with Beacon?

Morning Breezy, that's a better average to be holding than up in the 2's where we started. I put another grand in on Friday to get to 1.03p down from 1.2p against my better judgement. Thankfully it's holding up around the .2p mark this morning. I'd prefer to be sat around the .6p mark which is do-able if the SDF news breaks in the short term. I'd really like to be out of this for good if possible but we need to hold our nerve a little longer. Good luck pal and I hope we have/are making the right decisions on this one. All the best idg69

Anybody getting my msgs?

Looks like this could do a London Mining ?? From 0.012 to over 3p easily in a couple of days. - I don't think this is capable of doing a London Mining type rise as per last week. Also I wouldn't want it to. That may sound stupid but a sustainable rise over a sensible period would be preferred rather than a massive pump and dump. Don't forget that whilst the sub lease is now taken care of, long term funding is still not secure and we won't/can't ship any coal for at least 12 month. No coal sales means no revenue coming in for another 12 months.