Beacon Hill Resources - BHR Stream Log

Q1 Why does board think transaction in best interests of shareholders RK Tier 1, double reserves to 30 years. export to india also view on trading conditions RK worst commodity cycle, energy market chaged dramatically. Tough 2015, slow recovery 2016. Investors neee to understand downturn; new world coal, etc. down 90% lack of interest in assets until tier 1 attainment. unlikely to meet debt repayments. Q2 WHAT CURRENT DEBT WHO HOLDS IT nd what rights went through usual debt plus unsecured : voting no senior debt ahead of uk shareholders default destroys company value. Q3 current cash when run out of money 800,000us at 1st dec funding alive till end of first qtr 2015 Q4 share price drop 90 drop coal prices 70-80 impact on valuation of assets. attribute reasons: arch coal in us ecactly same position: conclude market is main reason for value Q5 WHAT OTHER OPTIONS? commercial banks withdrawn from junior sector due to no cashflow local operators large and junior chinese and indian no serious interest in tier 2 asset. would insist be sold had there been Q6 what happens no resolutions cannot continue not service debts from vitol or beforehand by board before year end Q7 ASSET VALUE 55 MILLION US? not true. rio tinto asset buyers market value forced sale nowhere near any return for shareholders 25m debt, govt, local employees then debtholders then plc shareholders. no bid out there. RK FIRE SALE CREDITORS ONLY. assumptions on valuations is as going concern. NAV 60.2-8.7 = 51.5million Q8 % OF RESOLUTIONS COMMENCEMENT 10P 1:1000 CONSOLIDATION Q9 salaries of directors Justin 400,000 us invested RENTED REGIS OFFICE IN SA Q10 PAY CUT? LOWEST QRTILE OF PAY, HAVE TAKEN OPTIONS IN LUIE OF MONEY.

I registered this question this am: Please can you ask the Board of Directors whether they already negotiated, or commissioned anyone else to negotiate a pre-packed administration should the company not be successful in passing all resolutions at the forthcoming EGM.

Just listened to RK talking about the share dilutin and general BHR state of play. I sounds a worried man. If all goes to plan they won't ship any coal until Q3 2016. That means revenue won't kick in until Q4 2016 - that's 2 years from now and 3 years later than they planned. This is dead in the water. There is no way they can continue for 2 years without revenue coming in and the finances in the state they are now.

this is picking up!

On the AIM market I don't think anything is illegal. It's like the wild west one hundred years ago. It should never have been opened up to ISA investors without first having the rules and regulations in place that the FTSE 250 have.

I am astounded that this dilution is even legal.

I'm astounded reading the LSE board the number of people that simply don't understand the ramifications and volume of the dilution that is heading our way.

Ditto! Just the £30k out of pocket on BHR and £17k on CPP - Here's hoping for a better 2015. Can't get much worse than 2014. All the best, idg69

Thxs I will not buy more. Aim a dangerous place I think I am down about 30 thousand pounds so far on the aim in past 2 years. Mining and small oilers have been a very poor sector to be in.

Me neither Nunquam - I used to be but lost it all on the AIM market. I wouldn't buy anymore at this point anyway. You might as well wait until the dust settles and see where they are at in the spring of next year. At which point they will still be 12 months of shipping any coal.