Beacon Hill Resources Forum

It's not not looking pretty is it? What a shamble this really is. From a company 3 years ago that turned down a 120m buyout offer because it didn't reflect the true value of the company to a market cap today of just 9.2m, not to mention the outrageous dilution in number of shares. Awful, just awful. There are people out there with money to invest in coal project - Sunday Times yesterday - Mick the Miner of X2 has a wallet full of cash he has raised to invest in coal having been shopping in Columbia recently. I'd hoped this new finance guy that was brought in might have some heavyweight contacts in the corporate finance world but it doesn't look like that's the case for the time being. I'm sure RK is not sat in his office with his thumb up is A**e but come on guys pull your fingers out and sort some of the issues out and quickly before the whole thing goes to the dogs. Cant believe what a monumental clot I am for even thinking of getting involved in this company, never mind pouring my hard earned money into it for the last 12 months.

A very quiet morning on the trading front. It stands to reason there is going to be very little activity until news is forthcoming and when that will be is anybodys guess. We seem to be in a bit of a news vacuum at the moment. On the 27th August I will have been trapped in this mire for 1 whole year. If you look at the charts that is the day it peaked at 2.7 - 2.8p up from 1.95p record low earlier that month. I really thought I'd bought in on the rise in a stock that was finally coming on stream. If you look at the news flows around that time BHR was on the climb and preparing to transport coal with it's own trains and the future was supposedly going to be bright. Since that day this share has only gone south and we still haven't shipped any coal and have just gone further into debt. The BOD really have been disgraceful when it comes to stating the true position of this company at every stage. Breezy, I agree there is some (but not a lot) of comfort in knowing the big ii's are not bailing out. I'll sit this one out and see where we go from here. All the best idg69.

than at any time before - was what I was going to finish with. Good luck matey.

Morning Breezy, it's not pretty is it. I keep checking in from time to time on the boards to see if any new info is forthcoming. God I hope I don't lose my shirt on this one. I can't read the silence on this one, it could be good, bad or indifferent - none of us really have any idea of what the true state of play is, it's all guesswork. Even when the board issue information it's hard to believe it's true and factual. Like so many now, I want out but can't afford the losses. All the best, but feeling less confidentny timeim than at a

Bit of a revolution going on over at LSE, good idea, power and strength in unity, power to the people! Seriously the BOD could do with a bit of remainder that we are still here, all of us PI's have been shafted, 600m placing at 0.25pps god help us with business logic like that! I have absolutely no confidence left in the BOD, only still in because my losses are huge and I'd rather stay for the gamble than cash in!

bull - you gave BHR a BUY rating: time to buy back in.. Will I be right? On the 1st Aug at .42p 6 days later at .41p we're in a death spiral and you're moving on. This company has been in a death spiral for almost 3 years if you look at the charts. There is massive uncertainty surrounding this company on so many levels at this time and I hope we are now just at the bottom of the curve and good news is around the corner. Hard to believe it will be but I live in hope non the less. I hope you are wrong about an imminent death though. Good luck with whatever you move on to.

death spiral here imho - sold up and moved on!! your choice to stay

Good luck Breezy, You and I are sailing in the same boat my friend and it has no life rafts so we have to pray we get to our destination without sinking. I have sunk just shy of £30k in to this stock having being burned to the tune of £24k on CPP this time last year - all of my own doing I have to admit. I need 1.75p to recover all my losses and correct my past mistakes. Having done a load of research on BHR early August last year I really thought it was my get out of jail free card and would sort all my woes by Christmas 2013 - how wrong was I? It couldn't have been any worse and has only compounded the trouble I was in. I am 45 next so I could take the hit but it would be a very painful lesson I'd rather not have to learn. If/when I can get out I won't venture near AIM stocks again, it's just not worth the worry. Yes the gains may occasionally come along but I'll bet more people get burned than those that make it big. All the best pal and I hope for all our sakes BHR can sail these choppy waters and come good for all of us.

Breezy - you crazy fool! Only kidding, i'd be buying more myself if I had the funds. Thankfully I'm skint at the moment which is a good thing as it's stopping me getting into more trouble. I'm sticking at 2.5m with an average of 1.2p As long as we don't go to the wall (which is a possibility) we should see profit within 12 to 18 months. It will be hard not to jump ship if/when I hit breakeven. When you suffer in the way we have over the last 12 months you just want out as soon as possible.

Romanof and Breezy - Couldn't agree more, the share price is disgraceful and no funding no BHR it's as simple as that. BHR have been sailing close to the wind financially for some time now but I think we are on a knife edge now.