Beacon Hill Resources Forum

I'm not holding out for any life changing news to come out of the GM today. BHR continually fail to deliver so why should today be any different! I have a very uneasy feeling about BHR at the moment. I suspect they are doing a 'get out of jail free' deal with the big institutional investors behind the scenes and it will be presented to us minnows as a done deal. If they pull a stunt like this we could be left high & dry. Until I'm proved wrong, my trust in the board to do anything but run this into the ground has pretty much evaporated. Regards Mr Twitchy.

Cheers nmac, thanks for your post. Like yourself, looking back on your posts over the last few days, I am deep in with this stock and would rather not be at the moment. 16 times I have averaged down, call it blind faith if you will, but I am determined to come out of this cesspit with some profit. Reality seams to have disappeared from the LSE board of late, though there are some sensible old timers that always put in an occasional appearance. 12 months ago (if you believed the RNS reports and info surrounding this company) there was a strong reason to invest in this business (which is why I did) but now I really do think that this is a red or black investment. The potential for this business has never gone away, neither have the assets, it's just I have lost faith in the directors delivering what is required. Breezy and I have been commenting for months that not even the directors will put any money into this business and that speaks volumes. I pray for all our sakes that just once RK and his merry band pull something off and we can move forward without all the uncertainty surrounding this company. Have a good weekend and no doubt there'll be news (good, bad or indifferent) on Monday. All the best idg69

Despite all the hype and pontification going on over on LSE over the last month about this set to fly, and 1p next week and take overs at anywhere between 2 & 4p, the truth is that BHR are really in a very precarious position right now. They have consistently under delivered on all their promises over recent years. I am very twitchy going in to the weekend that they could drop another big bombshell on all us private investors on Monday at the GM, or it will just be a damp squib and nothing of any value will be reported. I appreciate the coal market is in a depression right now and BHR can't control that, but on everything else they have been very late on delivering. Unless they deliver solid 'truthful' (if they are capable of that) news that the debt facility is secured, trains have been released and the sub leasing agreement has been signed off then this will plummet even further. You wouldn't think it was possible but I'll bet it does. If this is taken private by means of some back room skullduggery us minnows will be left out to dry - that and going bust are my big concerns right now. I am a very nervous investor (gambler) at this moment in time. Good luck all and let's see what Monday brings. God I hope they don't feed us the same old baloney from past news feeds, we're tired of hearing it.

Must admit I agree with Jonah58 over on LSE and am not holding toom much expectation for the GM on 21st July, this will just be to follow the corporate governance and ratify tranche two of the placing, I would very much doubt if funding is mentioned, I would assume we will get an ops update before the end of July with the standard 'good progress is being made toward securing debt facilities', 'we are confident that we will reach teir one and return value'. Come on BOD pull your fingers out!

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Good afternoon my friend - the dreaded BHR do I top up scenario! We have all been there. Breezy, I have topped up 16 times now believe it or not and put another 4k in on the last climb at .66p confident that I'd finally caught it on a sustained rise - how daft was I to think that? The board then announced another 600m shares and we plummet to .37p - I would have still spent the 4k on BHR but can kick myself as to how many more shares I could have got my hands on. It's a tough call. I'm so over exposed on this stock myself it makes my stomach churn on every fall, which is an awful place to be. On a good day I think a back room deal is being orchestrated at this moment in time and we will be spared our losses with a 2-3p take over. On a bad day I suspect evil forces are at play and the big investors will take it private and we will get shafted. The ideal scenario is for the board to do what they are paid for and get this to Tier 1 production and start selling some coal, make a load of profit and the share price recovers over 5p. I'm not convinced the latter will happen. Good luck in your choice. Cheers, idg69

Morning Breezy, I wouldn't overly worry about the Henderson trade 9 million changing hands it's a drop in the ocean when you consider we now have close to 2.5 billion shares in issue. Like yourself, I'm not feeling confident either at the moment. These clowns have consistently delivered late on every commitment they have made to date and all news flows over the last 2 years (excluding the Sena line allocation) have been followed by a drop in the share price. It would be great to think they could pull the odd rabbit out of a hat but going on their past record it is doubtful. We all pin so much hope on this share, let's pray it's not false hope. I hope I don't come across as a doom monger I just try and be realistic. All the clowns on LSE who bull this up don't seam to be aware of how precarious a position this company really is in. Even with the debt facility secured (still awaiting 8 months on from when they said it would be signed off) we need a further 10m for the rail sidings at Biera. A 3p takeover would leave the long termers high and dry but would see me exit this bear pit. Have a good day pal, all the best, idg69

Thank you guest @ 15.04 for your kind words. Breezy and I are realists and have been here just shy of 12 months so we are now a little battle hardened as to what being involved with BHR is all about. If you go over board at 3p I'll gladly share a life raft with you. The LSE boys appear blind to the true position of this company. Yes it has massive potential from here and I mean massive, but BHR have a habit of shooting themselves in every body part at every turn and that potential never seams to be realised. The coal market is also in a very dismal place and has been for some time. Yes the tide will turn, but like a super tanker - it will be very slow. It's grim on a daily basis watching this I know but It has to turn at some point - unless, and it is unthinkable to me, that BHR go to the wall or the big investors take it private and us pi's get shafted - a truly diabolical thought. Signing off for now as I'm heading into a meeting. All the best guest, and may I wish you success in this creaky vessel!

And another week commences in the good ship BHR. What will this week bring to us lucky shareholders, I would like to start the week feeling positive, but until the board issue some concrete and final news on the debt facility, trains leaving customs sheds, sub-leasing agreement and the joint venture then I can't see us getting above .5 - .55p in the short term. Encouraging to think there are still people out there who are buying though. Good luck all and let's hope good things come to he who waits (and waits, and waits, and waits - in the case of BHR)

Another down day for poor old BHR. What a grim experience this really is, day after day. I'd like to switch off from stock watching but it's easier said than done. On days like today I just wish someone would come along and buy the whole lot for anything above 2p. Looks like BAO are continuing to slide south too. All those investors that piled into Mozambique over the last 5 years must be sat on massive losses as a result of continuous delays in getting anything to production.