NevilleDeVil
05 Dec 2014
Re: Punishment But why would jundhal buy? Just look at the Rio block next door to bhrs - bought for almost $4 billion a couple of years ago and then sold for $50 million this year - and their asset is something like 20 times the size of bhrs. I would have thought the the bhr mine is way too small for a company like jindhal to look at - it would be more bother than it is worth for someone like them. And there probably wouldn't be time either - bhr would go into adminitsation before a sale could be arranged meaning the shareholders would definitely get nothing.
Escovido
05 Dec 2014
Re: Punishment The idea is to force them to sell the assets, estimated values vary from .25p to 1p, depending who's post you read. This would be the best outcome for shareholders, but not for the BOD, who then need new jobs. Who knows what 'easements' Jundhal have offered the BOD to make sure the co ends up in their hands via dilution.
NevilleDeVil
05 Dec 2014
Re: Punishment But what is the point of killing this mega-dilution if it means the death of the company???? As far as I can see it, if this restructuring doesn't go through PIs will lose everything. I have held bhr for four years so i know the history - my understand is the previous managers over hugely overgeared and this dilution is the only way to keep the company going. I think anything else but a yes vote is just plain silly as you are then guanteed to lose everything...unless anyone has any bright ideas!
tlo25
04 Dec 2014
Re: Punishment Well and truly s crewed, see the bod have nice pay day for Christmas.... This is a dead donkey!
seakelp
04 Dec 2014
Re: Punishment if you want to punish , contact your broker urgently and vote NO to all resolutions! Lets kill this mega-dilution proposal. We are being hood-winked...If you need more info have a look at the LSE discussion board or the Beacon Hill Shareholders Action Group website [link]
JamesBZ
04 Dec 2014
Broker Letter Letter from Broker BHR Corporate Event. Company intends to consolidate every 1000 shares to 1 new ordinary share of 0.0001 and 1C deferred share of0.0999 the deferred shares will be effectively worthless. Fractional Cash under GBP3 will not be paid. Dealine 17th Dec
JamesBZ
04 Dec 2014
Broker Letter Letter from Broker BHR Corporate Event. Company intends to consolidate every 1000 shares to 1 new ordinary share of 0.0001 and 1C deferred share of0.0999 the deferred shares will be effectively worthless. Fractional Cash under GBP3 will not be paid. Deadline 17th Dec
General Zod
03 Dec 2014
Punishment when i find BOD im sending them straight to the phantom zone. 17K down the drain.[link] or justice?
waytogo333
03 Dec 2014
Re: Arguements for and against buying So, if this is the case........why are there still buyers out there?
dwiggy
02 Dec 2014
Re: Beacon Hill Shareholders Action Grou... Jindal would be an ideal candidate to buy there asset(s), crazy they haven't been knocking on there door with an offer, maybe they have but the BOD have refused.I understand the BOD wanting to keep there jobs and that but don't see why at the same time they wouldn't want to also make a successful business long term, given current commodity prices though there's little they can do at the moment to make the business work, I think its more a case of them wanting to make the business work than give up and sell, I'm sure given RK's academic background he would have no trouble getting another job, but can you imagine joining a company and in 2 years saying you, well failed, ran up a load of debt and made no profit, then sold it for a fraction of its potential/what you invested in it. The company has reduced there losses buy over 50% in 2013 compared to the year prior, but still with the commodity price so low the only way they are going to get funding is at a discount to the price at the time of raise which is then sold by the II's and hence the continued drops.Let face it, not worth selling now, might as well see it though to the end, there's not that many possible outcomes here..
Gooffy
02 Dec 2014
Re: Beacon Hill Shareholders Action Group Agree RK seems to have stuffed private investors just to keep his job.I have about 2.5 million shares and lost about 16k so not happy.Question is without finance we havn't a company so what is this new group proposing??If we sold the company we would get something back but who would buy us??
seakelp
02 Dec 2014
Beacon Hill Shareholders Action Group VOTE "NO" CAMPAIGNFrom the Beacon Hill Shareholders Action Group website..."If the resolutions proposed by the BOD, in particular, the issue of close to 93 billion shares, are passed on 17 December 2014, you are guaranteed that your investment will be wiped out and the BOD will keep their jobs. We urge all private investors to take action now. All you need to do is to call or email your stock broker asap and instruct him/her to vote NO."The following is courtesy of AndytheMKDon on LSE site...Register at this website.[link] you have done so do the following.Log in / click on your name on the right hand side / Drop down list says profile / click on it and you see edit profile scroll down to "Location" and add number of shares held 3,090,000 in this space followed by "no" if you voted no to all resolutions or "yes" if you have voted yes to them, if you have not yet voted leave blank / finally scroll down and then click submit..Now go back to home page / hover mouse over Home Page and fourth one down says members click on it and you will see all members and their holdings under Location, there are three pages of us currently. Simples.. )---------- ---NOTE: This should be done ASAP as the vote is on the 17 December 2014 at 10.00 a.m. Remember also, your broker needs enough time to process your vote as well.
osammyboy
02 Dec 2014
Re: The Irritating Ad at the top adblock plus isn't working for me any more. I have reinstalled it several times but no joy, Anyone else having a problem?
osammyboy
02 Dec 2014
Re: Arguements for and against buying "and then to around 10p after consolidation and restructuring." ........and then back to 1p
Fujima
02 Dec 2014
Re: Arguements for and against buying Buy only if you want to take over the company - failing which watch it go to one hundredth of a penny and then to around 10p after consolidation and restructuring. FUJIMA
