Beacon Hill Resources - BHR Stream Log

Evening Bigdog, the whole thing is comedy both the LSE discussion board and the BHR Board of Directors. I accept they have no control over world coal markets, prices and the supply and demand issues, but all the other stuff then yes they do. Trains sat in customs sheds, massive dilution to raise a paltry £1.5m, delay after delay. RK knew 2 years ago the state this business was in and what it would take to get it operational which is why he didn't put his hands in his pockets and buy any shares. It speaks volumes when the top brass in a business don't hold a single share! I feel like a pretty clueless investor myself at the moment having got involved in this cesspit. I agree with you in terms of back room deals having been agreed months back. We face massive future dilution too with the additional warrants being issued and more capital required even if they do eventually get sign off on the senior debt facility. The whole thing is a shambles and I fear it's going to get a whole lot worse before/if the tide turns. Good luck matey.

Hi Idg69, The LSE BHR board is pure comedy at the moment, TonyB and Birmingham are the two most optimistic and clueless investors I have come across, simply repeating that this will hit 1pps on news will not make it happen, TonyB classic last week was BHR can't lose even if it goes bust shareholders will get 1.50pps really ffs, embarrassing to be invested in the same stock as these fools, probably in a little too deep and desperate. Nothing doing here anyway, not confident in the BoD I don't think we will get financing until we have done another give away placing, this will trigger the warrants at whatever the placing price we issue is at, have a sneaky suspision this was all agreed months ago!

I'm liking the optimism over on LSE with some of the new posters, but honestly I am struggling to find any positivity around this share at the moment. This stock must be one of the most unloved on any market right now. It only manages to deliver on huge amounts of disappointment at every turn. It has been on the slide for 4 consecutive years and it will take a great deal to change market sentiment towards it in the short to medium term. I'm not de-ramping this share I'm just be more realistic than some. The big investors must have some faith left in the BoD for them to be still hanging in here - it may be just blind faith, I really don't know. CPP are adding to my pain this week having bailed out this time last year at 9.75p to get involved here at 2.8p. CPP today are back up around the 20p mark and this shower are down at this pitiful price. The investment gods really are twisting the knife at the moment - though I've got know one to blame but myself. Happy days ahead? Let's hope and pray - a lot!

God I hate this share with a passion. It drives you mental! How can the buys out weigh the sales as they do and the price continues to slide. Why oh why did I ever get involved with shares on the AIM market? What a berk I have been.

Romanof - I do find your postings most cryptic at times! Have you been on the mushrooms?

Tony Bell end on LSE is a complete tool. The net assets might be down at $60 million on the books but they're only worth what someone is prepared to pay for them! If he thinks we'll all get 1.5p per share if this goes to the wall then he is deluded at best. He says the risk is minimum - what a complete fool he his. If this goes pop, and by that I mean bust, then us PI's will be sold down the swanny and we'll get nothing in my opinion. The reason we are not being snapped up at this ridiculous price is because we are being watched in the hope we do go bust, they can then pick up the assets at the fire sale. From a financial perspective the BoD at BHR are completely incompetent in my opinion to get us in this mess. RK may know a trick or two from an operational perspective but not from a corporate finance stance. I hope I am proved wrong and this ship can be turned round. Going on the boards track record I'm not confident they have the abilities required. I've said many times before but this is a disgrace. I do accept the risk that shares do go down as well as up and I will accept the consequences if I lose the lot but it will be a bitter pill to swallow. If you read past RNS reports from 2013 it proves how far off the ball the BoD really where. They had no idea about the true state of the finances or if they did they didn't disclose it to investors. The old FD was no more than a book-keeper and not a very good one. They should have known what was going to be required financially 2 years back and done something about it. CLN's and massive dilution to boot with such paltry amounts raised off the back of them - schoolboy errors and massively damaging to investors and investor sentiment. Goodnight and God bless! I;m pretty hacked off today if you hadn't already gathered!

Morning Breezy, Any luck with that 44 million euro lottery? You can't lend me a few quid can you? I've got this dead cert I want to put some money into. It's a near production almost Tier 1 coal mine in Mozambique with some new trains and an allocation on the train line! Honestly, it's a dead cert, it can't go wrong, trust me, I'm a doctor (well a graphic designer really) you'll make a fortune and we'll all be rich and we can retire early. If I don't hear back from you, I'll take it you've taken your 44 million and left for sunnier climes. Enjoy your holiday, all the best matey, idg69

Hi Breezy, how rubbish is this? Just when you think it can't possibly get any worse - it does. Have BHR ever issued an RNS and the share price not gone down?

It's not not looking pretty is it? What a shamble this really is. From a company 3 years ago that turned down a 120m buyout offer because it didn't reflect the true value of the company to a market cap today of just 9.2m, not to mention the outrageous dilution in number of shares. Awful, just awful. There are people out there with money to invest in coal project - Sunday Times yesterday - Mick the Miner of X2 has a wallet full of cash he has raised to invest in coal having been shopping in Columbia recently. I'd hoped this new finance guy that was brought in might have some heavyweight contacts in the corporate finance world but it doesn't look like that's the case for the time being. I'm sure RK is not sat in his office with his thumb up is A**e but come on guys pull your fingers out and sort some of the issues out and quickly before the whole thing goes to the dogs. Cant believe what a monumental clot I am for even thinking of getting involved in this company, never mind pouring my hard earned money into it for the last 12 months.

A very quiet morning on the trading front. It stands to reason there is going to be very little activity until news is forthcoming and when that will be is anybodys guess. We seem to be in a bit of a news vacuum at the moment. On the 27th August I will have been trapped in this mire for 1 whole year. If you look at the charts that is the day it peaked at 2.7 - 2.8p up from 1.95p record low earlier that month. I really thought I'd bought in on the rise in a stock that was finally coming on stream. If you look at the news flows around that time BHR was on the climb and preparing to transport coal with it's own trains and the future was supposedly going to be bright. Since that day this share has only gone south and we still haven't shipped any coal and have just gone further into debt. The BOD really have been disgraceful when it comes to stating the true position of this company at every stage. Breezy, I agree there is some (but not a lot) of comfort in knowing the big ii's are not bailing out. I'll sit this one out and see where we go from here. All the best idg69.