seakelp
08 Dec 2014
They can shove it..... with their sodding RNS this afternoon., come crawling now. Vote NO to all resolutions!
Escovido
08 Dec 2014
The BOD have pretty much acknowledged they are no longer in control - the funders are in the driving seat and intend to park it on their own plot.IMO our only hope is a no vote and sale of assets on the open market.
PinOil
08 Dec 2014
Re: ....me too.... ND, Is it paranoia to understand that the PI is getting the thinnest end of a raw deal as compared to the BOD and major creditors. With all due respect most PI's have invested more than their holiday fund. Running a company involves managing changing environments. Have the BOD demonstrated this? Have they made similar sacrifices to their own remuneration before diluting the PI into nothing? or is it better instead to blame us PI's for not investing elsewhere and having faith in the BOD?Re: "I am the first person to blame myself for losing this cash". - were you paid by the BOD to say that? If not, they must love you.
biglad001
08 Dec 2014
Re: Vote registered A big NO......... I wonder if the Directors are buying these up now to increase their holdings to negate the No's ?Keep themselves in a job a little longer ........?
Gooffy
08 Dec 2014
Re: Vote registered which way?
biglad001
08 Dec 2014
Vote registered 15.7m of them.........Have to wait and see now
NevilleDeVil
08 Dec 2014
Re: ....me too.... Is everyone planning on dialling in to the conference call tomorrow? I think it would be interesting to hear what they say in their own words rather than hiding behind RNSs. I am fully prepared to support them providing they answer the questions that I have snet to SBM and convince me that there is no other option than following our money...
thorandwoden
08 Dec 2014
....me too.... .......and I didn't think they cared ! About anyone except Darwin that is.
rickyroman
08 Dec 2014
...I'll run with this offer... .....latest RNS is a step in the right direction. The protest group may get a bit more out of it, but I don't think there is much left in the pot. Forget admin or receivership... just think London Mining...we'd get nowt - zero - rien !! and Jindal would snap up the rail contract from PWC or whoever for next to nothingA bit of financial stability, a bit of liquidity and in twelve monrths time, there actually may be a functioning mining company with some value.....Beacon Hill Resources.
NevilleDeVil
08 Dec 2014
Re: RNS So does this mean that PIs will be offered the same deal as Darwin et al? Does anyone know what your broker does with your vote - do they inform the registrar or whoever straight away or do they submit all of the votes together? Basically if I wanted to change my vote, could I? Any info would be very helpful! Thx
biglad001
08 Dec 2014
RNS BEACON HILL RES08 Dec 2014 10
03Beacon Hill ResourceRNS Number : 0935ZBeacon Hill Resources plc08 December 2014 8 December 2014Beacon Hill Resources Plc / AIM: BHR / Sector: Mining Beacon Hill Resources Plc("Beacon Hill" or the "Company"
Restructuring Update, Proposed Open Offer and Shareholder Conference Call Beacon Hill, the coking coal developer focused on the Minas Moatize Coking Coal Mine in Tete, Mozambique, announces an update in respect of its proposed restructuring and its intention to launch an open offer in early 2015, which will give priority to existing private and/or smaller shareholders. Highlights: · Proposed up to €5 million open offer intended to be launched in early 2015, post the forthcoming General Meeting, focused on minimising the dilutive impact of the restructuring on existing shareholders· Planned open offer to be made to shareholders at the same price as the envisaged US$14.5 million institutional fundraising in early 2015 and to include loyalty warrants· Shareholders participating in the open offer to receive 1 loyalty warrant for every 3 shares subscribed in the open offer, recognising the support of existing private and/or smaller shareholders in the restructuring· An understanding has been reached with Vitol Coal S.A. whereby an agreement is expected to be shortly entered into to postpone repayment of US$4.1 million to 31 March 2015, subject to shareholders approving all resolutions at the General Meeting to be held on Wednesday 17 December 2014· The Chairman, CEO and CFO of Beacon Hill will host a conference call for investors at 10.30 a.m. UK time on Tuesday 9 December 2014 to answer any queries regarding the restructuring Proposals Justin Farr-Jones, Chairman of Beacon Hill, commented: "I have been in constructive dialogue with our debt holders and a number of our private and smaller shareholders about the fairest method for such shareholders to participate positively in the recapitalisation and restructuring of the Company. Accordingly, the intended open offer is being structured to ensure that existing smaller shareholders are prioritised in order to maximise the opportunity for them to maintain a meaningful level of investment, mitigate dilution and participate at the same price as the envisaged US$14.5 million institutional fundraising in early 2015. In addition, the Board intends to include a loyalty warrant package in conjunction with the open offer to further recognise the support of the Company's existing shareholders. "I am convinced that the inclusion of an open offer prioritising existing smaller shareholders together with a loyalty warrant package, alongside Vitol's repayment extension, ensures that we now have a comprehensive plan in place to address our existing shareholders' concerns, recapitalise the group's balance sheet, and maintain the Company's status as a going concern, whilst we seek final credit approval and satisfaction of the remaining conditions precedent for the new debt facility from the DFI. "Subject to passing all resolutions at the forthcoming General Meeting, the Board will proceed immediately with its preparations for launching an open offer to shareholders in early 2015, alongside the envisaged US$14.5 million institutional fundraising, which is a key condition precedent for the new US$20 million debt facility from the DFI. "Once the US$14.5 million fundraising has been successfully completed and the new DFI debt facility secured, we will be well positioned to rapidly develop Minas Moatize into a profitable, Tier 1 cash cost coking coal producer." Proposed Open Offer to Shareholders Further to the Company's announcement of 1 December 2014 (the "Announcement", the Board has consulted with a number of the Company's
Gooffy
08 Dec 2014
less than a million market cap Hope everyone has joined action group.
waytogo333
07 Dec 2014
Re: Holders Please Read Urgently Exactly, relates to nominal value.
Escovido
06 Dec 2014
Reply Post at the other place (LSE) from Peter - it's a reply from Director to the action group. Have to say, there is NOTHING in his reply that convinces me to vote yes to resolutions.I believe forcing wind up and sale is the best chance of at least a gain from here.
Vincentinvestor1
06 Dec 2014
fraud Drug dealers are idi ots, they risk being imprisoned / killed for their illicit gains. Should commit fraud on AIM, there are no consequences. imo
