Beacon Hill Resources - Re: BHR Stream Log - Tony Bell end on LSE...

Tony Bell end on LSE is a complete tool. The net assets might be down at $60 million on the books but they're only worth what someone is prepared to pay for them! If he thinks we'll all get 1.5p per share if this goes to the wall then he is deluded at best. He says the risk is minimum - what a complete fool he his. If this goes pop, and by that I mean bust, then us PI's will be sold down the swanny and we'll get nothing in my opinion. The reason we are not being snapped up at this ridiculous price is because we are being watched in the hope we do go bust, they can then pick up the assets at the fire sale. From a financial perspective the BoD at BHR are completely incompetent in my opinion to get us in this mess. RK may know a trick or two from an operational perspective but not from a corporate finance stance. I hope I am proved wrong and this ship can be turned round. Going on the boards track record I'm not confident they have the abilities required. I've said many times before but this is a disgrace. I do accept the risk that shares do go down as well as up and I will accept the consequences if I lose the lot but it will be a bitter pill to swallow. If you read past RNS reports from 2013 it proves how far off the ball the BoD really where. They had no idea about the true state of the finances or if they did they didn't disclose it to investors. The old FD was no more than a book-keeper and not a very good one. They should have known what was going to be required financially 2 years back and done something about it. CLN's and massive dilution to boot with such paltry amounts raised off the back of them - schoolboy errors and massively damaging to investors and investor sentiment. Goodnight and God bless! I;m pretty hacked off today if you hadn't already gathered!