Beacon Hill Resources - Re: BHR Stream Log - "Once the US$14.5 million fundraising...

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15:45 09/12/2014

"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." This is just a big lie. BHR have never and are incapable of doing anything 'rapidly'. RK said in his radio interview the washplant would take 12 months to upgrade and would be complete March/April 2015 after which they would need 6 months to ramp up to full production. That is 2 years away before any revenue - that is not rapid! They are desperate and so far out of their depth it is untrue. My £31k is worth £600 today and if the resolutions get passed, my £600 will be worth around the £60-£100 mark. RK and his men are a disgrace and should be shot at dawn for what they have and are doing to this business.!

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