Beacon Hill Resources - BHR Stream Log

Evening Breezy, I've been watching and reading with interest what's going on with BHR over the last month or so with nothing but distain for the board. It is disgraceful what they have done. I think we are done for irrespective of what deal goes through on the 17th.

We are top of the share losers board once again.

idg69 My holdings say 40% down . My 27k now worth £400 thanks for that RK. I will never invest in Aim market again I have learned a very expensive lesson.

We are doomed.

Just the 30% down today! another cracking day in the good ship BHR. She's full of holes and sinking fast.

Waddid, I fear you are absolutely spot on. We might as well suffer the hit now and move on rather than face an even longer protracted death. I have said before that RK never had any intention of running a mine, he would have liked someone to come along and snap this up but the market has gone against him. The BoD have been unbelievably short sighted on this one and with some foresight and professionalism could have avoided this situation. All the best idg69

Well within that 2 year window idg69 Beacon Hill will be back where we are now. Better to let the Administration go through now rather than line the pockets of Darwin and the BOD for the next few months to come. In the call earlier they said they had $800K and that would be gone by the end of the year so they will need about $20million just to keep afloat. Not going to happen.

Apologies, I meant to say the washplant upgrade would be complete March/April 2016 and not 2015!

"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.!

So what is everyone planning to do then? Are you selling your 6000 shares at 1p or 6 at 10p?