Beacon Hill Resources - BHR Stream Log

Bigdog - that is a very fair reflection of where we are at. Disgraceful state of affairs for a company that had so much potential. I accept the coal market is on it's ar*e at the moment but the board have screwed over the private investors shamefully. I'll bet we get another placing within 180 days so the big investors can excercise their warrants and get their averages down further. The whole thing smacks of insider dealing. We are not at the bottom yet either.

Idg69 - This share is an absolute dog, painful watching as we are slowly scammed by our own BoD and the ii's, just awful at the moment, even if we get the funding and the Wagons released what upside then, 0.5 or slightly higher until the commodity price increases, the dimise of BHR I think has been long since planned out, really is tragic!

vin - agreed a very expensive lesson learnt, I will never again invest in the AIM

It's a steaming dog pile and for that reason I'm out! Jump In! What can go wrong? - You are out but now you are saying jump in! - its not the Okey Kokey you know.

Vin - This we be laughed out of the Den, can you imagine those pair of t!ts RK and JFJ stood in front of the Dragons, 'right we need £20m investment for no equity, we will give all of the equity away to our ii buddies, we want to use your money to upgrade our washplant so we will just about make a small margin in this depressed market and we will pay you and all of the other creditors back out of profits, we will be able to transport the coal when customs release our wagons because we yet gain f*cked up with the classifications' Dragons together - 'I'm out'

I'm pretty confident it's true!. A 600m placing of shares to the big investors at .25p to raise a paltry £1.5m with warrants issued for a further 600m. That is looking after the big players whilst the minnows get left out to dry. I'm here for the long term - if indeed there is going to be a long term. This could go belly up within 6 months if the BoD carry on at this rate. Fools rush in where angels fear to tread pretty much sums up investing/gamblng in BHR.

What's going on here then? - How long have you got? For starters there is a lot of back room skullduggery in my opinion.

This is just diabolical and has been for some time. Market cap of 5.72m when the previous board turned down 120m saying it didn't reflect the true value of the business. I appreciate the coal market is now in a very different place to back then but come on, 5.72m - it's a joke. I can see this going to the wall or being taken out at fire sale valuation. RK and his merry men have done an appalling job on this company. I don't have the gonads or the funds to average down any further, I'm also not convinced we have seen the bottom which sounds mental at .23p. The boards past record is awful on delivering anything on time so nothing makes me think that can come good at this moment in time. I'm down £24k and feeling pig sick at the moment as I could buy my entire holding now for just under £6k. What Suki the dog on LSE must be feeling ive no idea - he/she has put the thick end of 100k into this stock (ouch) BHR has brought me 12 months of absolute misery. GLA though we really need a miracle.

Hi Idg69, I wouldn't jump of a cliff just yet, I'm pretty sure that this is just to meet one of the senior finance covenants, basically to ensure that the BOD don't blow all the funding on non capex items, saying that I don't trust the BoD one little bit, they are good at one thing however and that is driving a shareprice down! Good luck to us all, no quick fixes here unfortuantely!

I said yesterday that this was going to get a whole lot worse - ta da! my predictions on BHR have come right for once! I'm not gloating by any stretch as I have 30k tied up in this corpse of a company at 1.2p My chances of seeing that back in the near future are zilch. I'm switching off now as it's too painful to watch.