Beacon Hill Resources Forum

mmm something not right here... why is the short still going? very strange - and not in a good way

Hang on in there Breezy. It is very difficult to know what to do here. It's either a very good opportunity to buy cheap and get those averages down or it's crackers just throwing money at a lame horse. I really can't call it at the moment as my sentiments change on a daily basis. The directors still aren't buying at this level so does that speak volumes? I really don't know. This new finance bod could have some contacts in high finance, who knows? not you and I that's for sure. Keep checking in from time to time, it's good to know you're still with us. All the very best (and I mean that) idg69

I noticed that the Darwin short is still open; not good, do they know something, however I think they may have a bottom cap on the conversion, still as a company we really need to get those paracites of our backs. I've heard lots about the RNS due tomorrow and there isn't one due, quarterely reports were a market requirement of the ASX and not the LSE, probably a good thing because if the BOD issue yet another 'significant progress is being made' ,we are confident that' ' due dilligence continues' ' we strive to be a teir one producer' ' negotiations are taking place' - I think you get my drift but I'll likely jump through the nearest window out of sheer frustration at the BOD's ineptitude to make progress, any RNS issues that does not contain concrete definitive factual statements will cause the SP to suffer even at this dismal price! Having one of those p!ssed off and frustrated days if you can't tell )

There appears to be a little more green on my watch list today except for that bing chunck of red in the middle called BHR. Frustration doesn't even begin to cover how I feel about this stock. The percentage drops appear to be really big on the most insignificant of trading volume, how can this be? I hope the next RNS/new flow from the company is good and we start to see an upward trend. I'd like to have more confidence in this outfit and top up/average down whilst the price is this low but I can't bring myself do do it for fear of throwing good money after bad.

Darwin well and truly shafted us all here! fraid to say there may be no way back... what a shambles from what was once a great company with real expectations of becoming a great company

1/4 report cannot contain those things - would have to be notified by rns first!!

less than 1M traded doesnt sound to me like there is any interest is buying or selling....30 to 1 of nothing is nothing....

A very interesting read about Mick Davies and X2 in the Sunday Times yesterday. He has 3.5 billion to invest in mining - does anyone have his e-mail address? I'd like to let him know of a little mine that is nearing Tier 1 production and just needs a helping hand to get to the start line. I'm sure he wouldn't balk at investing 30 million with BHR. Sadly though, I suspect we are a mere minnow compared to the mining operations he would be looking to buy. It would be nice if someone like this could come along a relieve us of our woes at this time. I'm sure we have all suffered enough now. Good luck all and lets hope for a better week (I say that every Monday morning) all the best idg69

HI bigdog, it's a real stinker isn't it. When you look back over past RNS statements they weren't exactly truthful with the position they were in, I would say very deceitful on reflection. The timescales for a turnaround in market sentiment and the coal market in particular aren't my concern as I accept things are cyclical and you get ups and downs along the way. I just hope we can reduce the cashburn and see this through to production. Back in Nov/Oct last year they said that with the convertible loan notes and the finance they had in place back then that they had enough to take the company to Tier 1 production - what a load of rubbish that turned out to be. Maybe the last FD had to go because they didn't have their finger on the pulse with the true figures that were need to get this mine in profit. If we need 20m to secure the debt facility and 10m for rail infrastructure then 30m is small fry compared to the 1 billion plus that Baobab require to fund their plans. Everything is now riding on the new finance chief being able to raise the money on the markets. Who knows, he could be a real whizz with some influential contacts in the capital finance markets - lets hope so. Have a good weekend, at least the price won't go down on Sat/Sun and lets see what next week brings.

lol and who derided me when i said it would go down???? - still holding though as its dropped so much from where i bought in its not worth converting the loss - have written off a huge chunk of my investment - if it does survive and go up - well it will be an unexpected surprise that may afford me a holiday.....good luck to all suffering long term holders - i think we need it...