Beacon Hill Resources Forum

Cheers guEst, It's not rocket science is it. I don't think RK ever wanted to actually run a working mine. Me thinks he wanted to talk this up, get the rail allocation in place and then have it taken off his hands before any coal was shipped out. Market conditions have gone against him and I think he is floundering around now like a fish in a rapidly evaporating pond!

It's grim and looking grimmer by the day. I would like to double my holding and do some serious damage to my average right now but just don't have the confidence. We need a 10 fold increase from here for me to just break even. RK and his men have decimated this company. They have spent that long holding out for Tier 1 production in the hope they would get snapped up beforehand. Why the heck didn't they run a skeleton staff, scale up gradually over a period of years and get some revenue coming in?

Morning Breezy, I wasn't holding out for great news following the general meeting on Wednesday but no news is poor. What the heck is RK doing on a daily basis. Mick the Miner formerly of Xstrata and now X2 has raised billions of capital over the last year for mining projects (£2.2 billion at the last count I believe) and aquisitions ready to build a new mining conglomerate. RK and his merry board have had 12-18 months and still haven't secured the debt facility for £20m which will still leave us short by the same amount again I understand. He is a light weight and completely out of his depth in the corporate world at this level in my opinion and should not be in the position he is. The whole thing is a shambles. I am not a scare monger but I fear the worst it pains me to say. I feel we have been continually lied to over the last couple of years. Sorry to be a doom monger, as like yourself I really want this to succeed, but it doesn't look good at the moment. All the best idg69

Di BoD dat is

Conmen of di highest orda

This is a pathetic state of affairs - angry, frustrated and completely pee'd off with the BoD. They are a disgrace. Nothing more to add at this point. Thoroughly fed up with their poor performance.

lef it late or duh dey just ave nuttin to seh, demma useless, da Bod dat is

Breezy, like yourself I would be quite happy to put mine in the bottom drawer and forget about them too. I'm not impatient or looking for an overnight miracle. I have always said a steady but sustainable rise would be my preferred path. My concern is the short to medium term viability of the company as a whole. Cash is king in any business and without it you just can't survive. At the moment we don't have much and our backs are against the wall. Everything is crossed for some positive news over the coming days. Signing off for today and will check back in on Friday. Good luck my friend.

Breezy, you're a brave man my friend. I hope for all our sakes you've done the right thing. I'm sat on an average of 1.19p myself and the money I have would bring my average down to .65p which is considerably lower than where I am and almost achievable from where we are now. I just don't have the gonads or confidence to gamble more at this stage for fear of losing everything. I may kick myself in the future if we can pull through and get back above 1p. I would be out of here in a shot if I could, and that probably goes for every other investor in BHR. Best of luck and I hope you've made the right call.

Evening Breezy, long time no hear. Be careful with that £1k just think of all the wonderful things you could do with it. I'm not boasting by any stretch but I've got £4k I could sink into this right now but considering my £30k invested to date is now worth £3.5k I'm not sure it's a good idea. I put another £3k in on the rise at .66p thinking the worst was behind us - what a fool I was. I'm holding off putting any more in here until I feel confident we will be in business in 6-12 months time. I'm heading over to Ireland on business this evening and won't be back until Friday. I will probably miss any fun and games with the sp. Going on past news reports I'm not holding out much hope. Good luck in whatever you decide to do. All the best.