Beacon Hill Resources - BHR Stream Log

That should get the blood boilng over on LSE!

Is Vitol majority loan note holder? If so, they hold the cards.

Exactly my point. There's nothing for shareholders.

buffetinwaiting - not sure it says that if in administration Vitol could buy the mine for $1!

[link] - RK doesn't have much to say for us long termers. Hopefully some news be it bad/good shortly though.

No news is bad news IMO. Probably negotiating a structured administration with investor. PIs will be excuded as shares will be worthless. Loan note holders have to agree and probably will.

mike190: if administrators were called in what could we excpect to see in the sp

PLAN B dont think we will get an offer that would see most of us back in profiti would need to see 10-12p to se a return on my investment

Morning Breezy and a happy new year to yourself and family. Even if cheap shares are on offer I won't be sinking more money in whilst the current BoD are in place. They are a shamble at best. If a serious player took over with a proven track record, i.e. Mick Davies at X2 then I would average down further. With my realistic head on, this is going into administration unfortunately. BHR are 18 months off having any form of income and I just don't think they can stay in business that long without any revenue. They lied to us in 2013 when they said they would be shipping coal in Q3/Q4 of 2013 when realistically it could be Q3/Q4 of 2016 - that's a 3 year difference! RK and his men should be struck off for gross incompetence. All the best idg69

Evening idg69 Happy new year. We should know very soon which way this is going to pan out. What do we do if they offer us some cheap shares do we gamble more money on this.