yoyo - the price is not moving considerably and there is going to be no bounce back. Anyone thinking otherwise is absolutely deluded. This share only travels in one direction and that is SOUTH irrespective of any factors. Take this from someone who has been fleeced on this stock for close to 18 months!
Weasel - I don't want to sound preachy, bu only put in what you can afford to loose. Your £500 punt today will buy my entire £30,000 punt on this shower. Trust me when I say it won't see .5p by Christmas, we have the mother of all dilutions coming our way on the 18th December!
Oh and of course it will allow BHR to continue to pay my big fat salary for another 12-18 months whilst I sit with my finger up my butt!
Q7. What will the restructuring mean for current shareholders? A7. “The restructuring will improve BHR’s ability to attract the new funding required to develop the mine into a Tier 1 cash cost producer, in addition to providing working capital, and it will also improve the Company’s ability to service its debt.
re:Bob In order to facilitate these Proposals, the Board also proposes to effect a Share Capital Reorganisation, the effect of which will be to consolidate the Company's Existing Ordinary Shares into New Ordinary Shares on a one for 1,000 basis whilst retaining the existing nominal value of the Existing Ordinary Shares.
20% down on the day - pitiful state of affairs. The sad thing is I don't think this is the bottom either. I think the company will become completely worthless and the shares will be suspended. How did Karstel and his cronies allow this to happen with a company worth over 120m at one point. They have decimated this business beyond repair and done nothing but lie and deceive the private investors. Criminal!
Well that was a day I really never thought would happen - 62% down on the day from a price of .085p, you couldn't make this stuff up. When I started with this shower I paid £15,000 for 500,000 (what was I thinking) my entire 3m holding is now only worth £900. What a monumental clot I am. I remember getting twitchy when it dropped below 1p thinking it can't get any worse can it? Level 2, don't be thinking 1p is on the cards if this goes to the wall - we'll get jack sh*t of sod all my friend and that's the truth it pains me to say.
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