Beacon Hill Resources Forum

BHR is going to be the death of me! - Me too. Buying into BHR is possibly the worst investment decision I have ever made. My first divorce cost me less than this racket. Reading Pekingducks summary of the AGM over on LSE doesn't fill me with encouragement either. It is just dire every step of the way. All the talk of take overs and the Indians snooping about in Moz is just conjecture and wishful thinking. Noel you have averaged down 5 times you say, I have averaged down 16 times since last August and again last week at .5p and .66p thinking this time I'd caught it on a sustained rise, but should have known BHR would shoot themselves in the foot again. Rambling on these boards is my therapy to try and get over the fact I have made a colossal muck up. I would have been better leaving all my capital in CPP and that's saying something. Would be nice to think 2p was achievable but from where we are now I can't see it. Good luck matey, we certainly need it.

Another miserable day as a BHR shareholder. Trading very flat today and going nowhere fast. Some interesting reads on LSE and II boards about why the placing took place to give the big boys an opportunity to get their averages down for a sell off around the 3p mark. I really feel for the long termers who have lost shed loads on this turkey and who bought on false information provided years back as to what this company was going to do. Watching with interest as to what news comes next - I'm not convinced there will be a take over but would love to be proved wrong so I can exit AIM fimrly lock the door behind me. I'll just hold for now and grin and bare it. Fed up and signing off.

The Board of Beacon Hill is pleased to announce that at the Annual General Meeting of the Company held earlier today, all of the resolutions set out in the Notice of Annual General Meeting were duly passed. That's yer lot Romanoff. The sum total of todays AGM. Fantastic eh! What a god awful day today has been for BHR shareholders. I don't think anyone could have foreseen that huge curve ball coming our way. There's dilution and there's BHR dilution, they don't do things by halves. And what a pitiful amount they have received in the grand scheme of things. I only hope RK has an ulterior motif/reason for dropping this one on us. This share is becoming all consuming - I'm taking your advice from Friday now and I'm off for a W**k. Might check out the wife 1st though on the offchance she's up for a quicky before my lads back from Cub Scouts. All the best idg69

Well that was a day to forget as far as BHR are concerned. 1 months steady gains wiped out in one shot and we're back to .4p at the close. I did say on Friday I hope there are no gremlins announced and true to BHR form they go and drop another unexpected bombshell. Any investor confidence that was starting to return following last weeks rise has well and truly been put back in it's box.

Hi Breezy, I think you have done the right thing. Increasing your holding and bringing that average down will in time pay dividends me thinks. I was very nervous sat up at 2.8p as we could be waiting an awful long time to get back up there. I've put another £15k in here since last August to get down to 1.2p to get in profit sooner (thought not too soon after this mornings debacle). I'm a bit peeved that I put £4,200 in last week though. Not because I bought more BHR, but because I could have bought an awful lot more this week with the same funds. We live and learn (or do we) Like you, I do think this will come good in the next 12 months, it's just the pain we have to endure along the way that becomes tiresome. Another 600m shares to get Darwin off our backs is a huge cost. If we had left Darwin to drawdown their remaining CLNs would it have been any less damaging to the share price? Would be interested to here other peoples opinions on this. Have a good pal and lets hope things improve soon. All the best idg69

What an appalling morning! I really thought last week was a turning point and the AGM would be used as a PR vehicle to put out some good new. I'm so pissed off with myself for putting more money in last week, but I'm not the only one sailing in that boat. Feeling really fed up and lost for words. Was really quite positive about BHR last week but certainly not today. Apart from a foreign interest making an offer on the cheap to bring about a change in fortune, we are going to be down here for the foreseeable. How quickly can sentiments change to a stock? Mr Frustrated.

Investing in BHR is like playing snakes and ladder except you never get to the end of the game as for every one ladder there are 2 snakes. This massive dilution is another huge blow to the long term holders with high averages. I always try and bring the current share numbers back to the 120m take over offer at 16p. As of last weeks number of shares a figure of 6.36p equated to £120m market cap. With the addition of another 600m shares this brings a £120m market cap down to 4.8p per share. It's not to say BHR can't in time go well above a £120m market cap. I am very disappointed by today's RNS as I was expecting good news and this is not good (for the short term anyway). I am not under any financial pressure to sell so will just tuck my 2.5m @ 1.2p in the bottom drawer for a little longer. I did think after last weeks rise we had turned a corner and maybe some good news had leaked out. The only shining light in this scenario is Darwin will be out of the equation. BHR really must have had their backs to the wall on finance to go down the Darwin route but for all the damage they have done I suspect BHR would possibly have run out of funds without them. Deep breath and lets see where we go from here. GLA

Strong Investment Case for Beacon Hill Resources

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Doesn't sound right saying a great week for BHR when this is still only at .7p. But when you consider the fall from grace and bottoming out in the low .3s then a .7p finish is certainly heading in the right direction. I'm still quite cautious though as Darwin could still put a banana skin or two under our feet if they wanted to. I'm less twitchy than I was back in March and hopefully should be a lot more confident after Mondays AGM. Enjoy the weekend and I'll see you all back here next week. Cheers idg69

Come on BHR let's see a .7p or above close. This would bode well for a rise next week following the AGM on Monday. I hope there are no gremlins announced and all the finance is tied off. This could quickly pull back and lose momentum if no good news comes forth.