breezy
17 Dec 2014
A big thank you to you Andy for all the work you have done on behalf of all shareholders .It is much appreciated and lets hope we get a positive ending.
suki the dog
17 Dec 2014
Re: ....sorry for suki.... Yeah lost 85,000But taught me a big lesson never average down!!! Still got one last hope in HUR so let'
clockwurktangerine
17 Dec 2014
Greed to disgruntled... So those PI's who were too greedy to take say 3p to 8p are now so disgruntled that they do not wish for any PI to get anything back but have just been happy with voting no and getting back at the BOD....which i doubt they have. Sad.
breezy
17 Dec 2014
Whats happened to Birmingham and Tony B.
Nunquam
17 Dec 2014
I think the BBC were looking at BHR shareholder action site today.
Escovido
17 Dec 2014
If the dilution had gone through, Henderson et al would have pretty much owned the company. Could have taken it private, could have sold it off, but you and I would have got nothing by the time they'd finished diluting us.Now, the company will probably get wound up. IF and again I stress IF the assets are worth what the last accounts say they are, we could pay off all debt and still have more than current SP to pay out to shareholders. However, the company refused to comment today when asked, on a yes or no basis, if the recent valuations were correct.I can not see how that is legal. Either they are or they aren't and if they aren't then who is to blame for the lies told to shareholders?The BOD also refused to comment. as far as I can tell from posts, on the existence or otherwise of one Daniel Lark a contrarian of unbelievable cojones (or stupidity) who stepped in to buy 560,550,000 shares, or 12.24% only 1 week before the vote which the company must have looked like losing.They also refused to comment on the fact that our CEO's (ex?) personal secretary was given as the contact for this shadowy figure.It all smells very funny indeed and I personally hope the board get a visit from more than Santa this Christmas.
dwiggy
17 Dec 2014
Re: Its a no! Sure is, be interesting to see what this puppy is worth, its definitely worth something, and I still think multiples of the current mkap at a discount, especially if the commodity price improves next year....Obviously its a hold, no choice either way now...
Nunquam
17 Dec 2014
Well done.
idg69
17 Dec 2014
Who you gonna call? - Mr Davis is South African who took control of Xstrata in 2001 when it was valued at just $500m and, alongside some of X2’s management team, turned it into a business worth around $30bn. The X2 team includes former Xstrata finance director Trevor Reid and executives Thras Moraitis, Andrew Latham and Ian Pearce.
Winston74
17 Dec 2014
I is gunna open a can o' de Red Stripe an celebrate dem buffoons, well dun to da pi's, sorry abat dem dat lost out cash which is all of us really!
Gooffy
17 Dec 2014
jindal Any thoughts on how this leaves jindal.Surely they must be thinking our trains will stop running in the new year.Did anyone contact jindal.Could a consortium buy this out of admin?
idg69
17 Dec 2014
Mick Davis, the former head of Xstrata, has amassed a $4.8bn (£3bn) war-chest to fund acquisitions for his new mining venture X2 Resources amid growing momentum behind M&A activity in the industry. X2 Resources, which Mr Davis formed with colleagues from Xstrata after the coal miner merged with Ivan Glasenberg's Glencore empire, said that it has raised an additional $1bn from investors to fund deals. "With almost $5bn in equity and access to significant additional debt funding, X2 Resources is uniquely positioned and we are currently reviewing a number of opportunities in the metals and mining sector," said Mr Davis. "We will build on the team’s unparalleled track record of acquiring and integrating assets and supporting the management teams of acquired businesses to create value."
idg69
17 Dec 2014
Evening Breezy, I'd love to think a plan B was on the cards but the BoD are so out of their depth I can't see this happening. Mick the Miner has built up a serious war chest I understand to spend on mining resources, maybe someone should give him a call. If we go under we won't see anything back and had the resolutions gone through we would never have got to production in 2016 without more dilution on top of more dilution. Sad state of affairs for such a promising venture.
rickyroman
17 Dec 2014
....sorry for suki.... ...I don't know if suki the dog was a bloke or a girl, but I know you had massive exposure to this stock including some eye-watering spread bets. It is a very sad day all round and I was fortunate to dump one million for £165 a few days ago. Not really relevant as I have lost something like 35K on this, but brings total losses for resources stocks in three years to over six figures and my marriage.....................total nightmare and I just think of the Johnny Hates Jazz song ' turn back the clock'. As a final throw of the dice before I walk away from shares forever, I bought another 10K of Oxus.......probably a waste of money, but what the heck.....its all over.I have 60,000 AMI shares which if the suspension is ever lifted, will remain my sole long-term investment....no more trading shares ever again and BHR its RIP to all the promises.
Fujima
17 Dec 2014
Re: PI Power Sad day but the board deserved a good kicking for diluting the PI's and then trying to dilute them again out of existence. Let's hope their pay cheques bounce and the workforce tie them to the SENA line in revolt! I would like to know who the 69% were that might have thought the massive dilution was acceptable? Vitol should take the hit and write off their interest and then perhaps the PI's might get something back? Fujima
