Beacon Hill Resources Forum

not going anywhere but down in the short term imho

clowns posting on there at the moment.

Idg69 - I'm in deep and worried too, the delays in funding will delay progress on the wash plant pushing their one status further out, the Vitol loan matures next year and will need paying back, the $10m curve ball not good either, god knows how they will fund that, RK has made good progress and so he should earning £280k last year, wish he would put his hand in his pocket and buy some shares, big hurdles to climb in a bad market. Your right about LSE some real coo

Guest 18:58. I hope we can all look back in 12 months and wonder what all the worry was about. I'm in here big time and it's very worrying sat on such big losses day after day. The timeline doesn't concern me as I can wait 12, 24 or even 36 months if necessary. My concern following the last RNS is that without securing the additional £10m (which we didn't know about before the RNS) for the rail sidings at Beira then BHR really could be no more - and that is a hard fact. My chin is up most of the time but the thought of losing the lot scares me from time to time.

Bigdog, I'm in full agreement with your sentiments. If BHR go down the tubes in the next 6 to 12 months it would be a real shame considering all the operational work that has been achieved in the last year with the trains and the Sena line allocation etc. If the big boys think they can pick this up on the cheap then they'll just watch from the trees. I have a lot riding on this horse so I'm praying we don't fall at the last hurdle, though it's a big hurdle to get over. Some days I feel quite positive that we'll pull through and other days I feel very twitchy I could see the lot disappear. The LSE board seems to have attracted some real tools of late. Most of what they spout makes no sense at all - or is it me being thick? Lets hope for some good news soon.

I tend to agree, I think any potential buyers are more akin to Vultures circling, why pay a premium when it could be picked up from administrators on the cheap, clearly that is the worst possible case scenario. This wall of silence from the BOD isn't good, nothing on the financing, nothing on the Vitol loans and nothing on the $10m finance requirement that appeared from knowhere, I'm sure the BOD are saving up all the great news for one mega RNS (not).

How long before a takeover? My guess is a week on Thursday by Baobab and they are going to pay around the 5-6p per share mark. We can dream can't we? Serious answer - absolutely no idea. I'm sure we are being watched from a far but only if we go belly up in 12 months time so we can be snapped up on the cheap (because we must look very expensive at the moment - not).

Analysts at Canaccord Genuity decreased their price target on shares of Beacon Hill Resources Plc. Who would take any notice of these clowns when you look back over their historic price targets for BHR? How miserable is it being stuck down here at these levels? It is going to take an awful lot of good news and a rise in the price of coal to change investor sentiment and put this on the road to recovery and I can't see either happening in the short term. I am just going to sit this one out during 2014 and see what happens. I don't have any confidence (or money) left to average down further at the moment. There is no point selling at this price. It would be good to have a regular news stream from BHR though in terms of trains and finally securing the debt facility (binding and not non-binding) Good luck all.

Darwin will have timed there short perfectly if we get news next week on trains as they close their short - amazing how timings always work out eh?

i believe the worst is where we are at, or at least near to it, if you sold - now is the time to get back in, if you have held - dont sell now, well that my personal take on it - as ever IMHO and DYOR etc etc....