Beacon Hill Resources - Re: BHR Stream Log - Investing in BHR is like...

Investing in BHR is like playing snakes and ladder except you never get to the end of the game as for every one ladder there are 2 snakes. This massive dilution is another huge blow to the long term holders with high averages. I always try and bring the current share numbers back to the 120m take over offer at 16p. As of last weeks number of shares a figure of 6.36p equated to £120m market cap. With the addition of another 600m shares this brings a £120m market cap down to 4.8p per share. It's not to say BHR can't in time go well above a £120m market cap. I am very disappointed by today's RNS as I was expecting good news and this is not good (for the short term anyway). I am not under any financial pressure to sell so will just tuck my 2.5m @ 1.2p in the bottom drawer for a little longer. I did think after last weeks rise we had turned a corner and maybe some good news had leaked out. The only shining light in this scenario is Darwin will be out of the equation. BHR really must have had their backs to the wall on finance to go down the Darwin route but for all the damage they have done I suspect BHR would possibly have run out of funds without them. Deep breath and lets see where we go from here. GLA