Beacon Hill Resources Forum

The former boss of Australia's Gloucester Coal has lined up $200 million from a private equity firm to buy metallurgical coal projects in Australia, New Zealand and Indonesia, taking advantage of weak valuations in the sector. This is our new CFO's former boss. I wonder if he can get in touch and tell him there's a mine in Mozambique going cheap! As many have said before, I'm sure the vultures are circling and would love to snap this up from an administrator 6 months down the line. God I hope we can pull through. This radio silence from the bod is very worrying. The buys have all but dried up now until funding news come through. Good luck all.

Bickering on discussthemarket. Come on guys please don't go down the route of hurling abuse at each other on this board. It got silly over on the LSE board recently and nothing is achieved by getting personal. Everyone in this share is really twtichy at the moment and rightly so. I have £25k riding on this lame nag at the moment and am feeling sick at the thought it could all go down the tubes having thought I'd done my research and homework on this crowd. I could sell up now and take take a £19k hit but I'm still holding on for the slim chance they can hang in until funding come in and sentiment changes towards this stock.

Good morning all, another week goes by and we fall even lower than the last - staggering to think the market cap is now 6.9m for a business that wouldn't sell out at £120m. What a monumental downfall. Will we go any lower this week? If no news is forthcoming then sorry to say I think we will be down at .35 before Friday. The AIM market is a shark pool and investing here is not for the feint hearted. I had no idea it would be this bad though. I would love to get my average down under the 1p mark but I have lost confidence in the bod turning this around. Good luck all. Lets hope this is the dark before the dawn and things pick up and soon.

if 0.40 is breached then we are doomed i think....how did it ever come to this?

200% rise - it would be nice to think this could happen with BHR but it's not going to happen sometime soon. If they can stay in business, and as everyday passes I get less confident, then you could see some massive gains here. The asset hasn't gone anywhere, it is still coal in the ground, but until the market picks up and long term finance can be put in place we are going to be stuck down here. Even 200% from here only puts us between 1 - 1.5p which is still dire for a company that had/has much potential. I am so pee'd off with myself for getting involved in this stock, but only have myself to blame. It could be a different tale this time next year but in the meantime this is where we are at. Yours Mr Frustrated!

You didn't sell at a healthy profit because you listened to the management who lead us all on a merry dance telling us everything was progressing well. It's called the promise of jam tomorrow, except in this case we don't even have the bread any more. I appreciate they have done a great deal of operational stuff against a back drop of falling coal prices which they can't control, but their communication skills with investors is poor and has been less than open and honest in my opinion. 7.1m market cap as I type - pitiful really considering it was well over 100m when all they had was a hole in the ground and no means of getting the black stuff to port. The markets are crazy and logic seldom applies.

Good evening Breezy, good to hear from you and I hope all is well with you (apart from being a BHR shareholder of course) The silence from the board is worrying as you say. I would have thought an update on the trains and the subcontracting would have been forthcoming by now. I hope the subcontracting of the trains hasn't fallen through as a result of the delays in getting the trains to Moz. A mega RNS would be welcome at this time though I'm not convinced a good RNS would lift us too far out of the doldrums at this time. I think the markets in general are over inflated and have risen too fast to be sustainable and a correction is in order. I hope sentiments change towards mining and resources stocks as part of the correction and people stop investing in daft stocks like Candy King and the likes. Stating the obvious I know, but I really hope we don't go to the wall before we can get this company actually selling some serious coal volumes. I say it every week but fingers crossed for a change in sentiment and a northward trajectory. All the best idg69

The discussion boards are almost as quiet as the BHR board at the moment. When nothing happens there isn't much to discuss really. I haven't known it this quiet before though. Roll on the next RNS which should hopefully bring with it some good news for us all.

Champion05 sell all you have then buy back at .36

So no quarterly report is required now they are no longer listed on the ASX. That's not a problem to me at all as I'd rather they didn't wheel out the usual flannel they have given us recently. I would rather they reported news when it is news and not the regurgitated stuff from last year. Though it is time they had the due diligence tied off for the senior debt facility and confirmed what they are doing with their new train set.