Beacon Hill Resources - BHR Stream Log

www.economist.com/news/business/21600987-cheap-ubiquitous-and-flexible-fuel-just-one-problem-fuel-future

Good afternoon Breezy, fantastic holiday thank you - no wi-fi on the island meant no stock watching for a whole week - absolute bliss not knowing or caring what the dreaded BHR share price was doing! The delays in signing off the funding are very concerning. This should have been put to bed months ago and doesn’t bode well. With BHR’s past record on delays and news flows I don’t anticipate any good news soon. Also looking at what Rio have offloaded their Moz mine for doesn’t fill me with confidence for a takeover of any value either. As I have said before, I am not that bothered about what this share does on a short term basis, I would just like to sleep a little easier knowing that they have the finances to be in business this time next year and beyond to Tier 1 production. We have our backs firmly against the wall on this one at the moment - lack of funding, trains stuck in customs, wash plant upgrade still to complete, rail sidings at Biera still to complete and a depressed coal market are all realities that some investors/gamblers appear oblivious to. RK’s silence I hope is because he is tying off all the loose ends or it could be because he has nothing to report - who knows? Keep yer chin up and let’s hope for all our sakes they can pull through. All the very best, idg69

Good morning Breezy, Back from my week away to find we have moved backwards again (if only a little). We really are in the doldrums with this one right now. It will take one heck of a news release to get this share moving. I'm liking Redbikes posts over on LSE at the moment, he seams to have brought some sense and logic to the table. We must be due some news or an operational update very soon. Can't ramble this morning as I've a weeks e-mails to clear and the month end to take care of today. All the very best, idg69

Another great day in BHR world!

Hi Breezy, it's a stinker isn't it. The share price is on its backside and it still drops like a stone. You'd think topping up at these levels would reap rewards but not with BHR. My 4k top up at .66p is now close to 40% down. It's just dire all round I'm afraid and the feeling of being trapped in this mire makes it worse. To quote the lyrics of the late great Marvin Gaye - 'I'm just a stubborn kinda fella' and I'm going to see this one through to the end be it good, bad or ugly, and it's pretty ugly right now. All the best matey, we're in the lap of the gods! or at least the BOD.

The institutional investors who bought at .25p won't be selling at .4p. The dilution and buying at .25p has only allowed them to bring their averages down from say 4-5p down to 2-3p. Anybody selling at this price is only selling for fear of the whole thing going down the tubes or through frustration. This is only my take on things.

What a sorry state of affairs. This is not. looking promising. It feels like we are coming to the end of the road. Beadyeyeball over on LSE sums things up pretty well. I'm off to lye on a Greek island for a week this evening, I'm not too confident I'll have any money left on my return. The BOD have been a big disappointment to date and I'm not convinced RK has a trump card to play either. Pitiful when you think of the potential this company was marketed as having over the last couple of years. Would we have been better off leaving Darwin with the CLN's rather than the massive dilution and the thought of even more dilution with the additional warrants?

I have become accustomed to expect nothing from this shower and that way I am never disappointed! True to form they have told us nothing that we didn't already know. What a sorry state of affairs.

I'm not holding out for any life changing news to come out of the GM today. BHR continually fail to deliver so why should today be any different! I have a very uneasy feeling about BHR at the moment. I suspect they are doing a 'get out of jail free' deal with the big institutional investors behind the scenes and it will be presented to us minnows as a done deal. If they pull a stunt like this we could be left high & dry. Until I'm proved wrong, my trust in the board to do anything but run this into the ground has pretty much evaporated. Regards Mr Twitchy.

Cheers nmac, thanks for your post. Like yourself, looking back on your posts over the last few days, I am deep in with this stock and would rather not be at the moment. 16 times I have averaged down, call it blind faith if you will, but I am determined to come out of this cesspit with some profit. Reality seams to have disappeared from the LSE board of late, though there are some sensible old timers that always put in an occasional appearance. 12 months ago (if you believed the RNS reports and info surrounding this company) there was a strong reason to invest in this business (which is why I did) but now I really do think that this is a red or black investment. The potential for this business has never gone away, neither have the assets, it's just I have lost faith in the directors delivering what is required. Breezy and I have been commenting for months that not even the directors will put any money into this business and that speaks volumes. I pray for all our sakes that just once RK and his merry band pull something off and we can move forward without all the uncertainty surrounding this company. Have a good weekend and no doubt there'll be news (good, bad or indifferent) on Monday. All the best idg69