Beacon Hill Resources Forum

Look at London Mining go now. My £4k in there yesterday morning would have seen me well and truly out of trouble. You could not have envisaged that one. They were going bust earlier in the week.

Sorry gapup - I had to do it. I have managed to get my average from 2.8p down to 1.03p in 12 months. I might just scrape through and get my money back at 1p but less likely at 2.8. I am now just the £25k down at 80% instead of 87% down.

What the **** is happening with London Mining? How can it go from .12p to 4.35p in 2 days?

Sorry guys, the share price will probably go down this afternoon. I must apologies now as I have put a further £1k into BHR and going on my past 18 months experience this share only goes down after I have made a purchase!

Cheers gapup

Could someone please explain why a share goes into auction? thanks

I really hope so!

Hi Breezy, I put a £30 buy through to see what price I could get (.147p) but held off putting in the lot. I was going to go all in at .17p with the £4k I have in the wings and get my average down to the .65p mark but I'm just not that brave at the moment. Had I done that this morning I would be sat on a loss this afternoon and feeling sick. I was watching London Mining yesterday tank at .12p to see it at 1.85p right now - that would have been some trade had I made it. The sub lease news is good but doesn't bring in revenue as such, it just balances the outgoings they would have had to pay on the rolling stock lease. I'm hoping they can secure the debt facility within days and remove some uncertainty if not all.

I think that the sub lease agreement was a prerequisite of the debt facility being signed off. I'm hoping that now the sub lease is concluded the debt facility can now be secured. Remember though that the SDF is only for £20 million and I believe we need a further £17m on top of this to get to Tier 1 production. This is despite the BoD announcing last year after the Darwin CLN's that we were financed through to Tier 1 when clearly we weren't.

Just put through a £30 trade and got .147p to buy. Just dropped to .14p on Google. Whilst the sub lease is positive news we still need the debt facility securing for the share price to move north. When the company is on a secure footing financially then investors 'may' come back to this.