This is just diabolical and has been for some time. Market cap of 5.72m when the previous board turned down 120m saying it didn't reflect the true value of the business. I appreciate the coal market is now in a very different place to back then but come on, 5.72m - it's a joke. I can see this going to the wall or being taken out at fire sale valuation. RK and his merry men have done an appalling job on this company. I don't have the gonads or the funds to average down any further, I'm also not convinced we have seen the bottom which sounds mental at .23p. The boards past record is awful on delivering anything on time so nothing makes me think that can come good at this moment in time. I'm down £24k and feeling pig sick at the moment as I could buy my entire holding now for just under £6k. What Suki the dog on LSE must be feeling ive no idea - he/she has put the thick end of 100k into this stock (ouch) BHR has brought me 12 months of absolute misery. GLA though we really need a miracle.
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