Beacon Hill Resources - BHR Stream Log

Investing in BHR is like playing snakes and ladder except you never get to the end of the game as for every one ladder there are 2 snakes. This massive dilution is another huge blow to the long term holders with high averages. I always try and bring the current share numbers back to the 120m take over offer at 16p. As of last weeks number of shares a figure of 6.36p equated to £120m market cap. With the addition of another 600m shares this brings a £120m market cap down to 4.8p per share. It's not to say BHR can't in time go well above a £120m market cap. I am very disappointed by today's RNS as I was expecting good news and this is not good (for the short term anyway). I am not under any financial pressure to sell so will just tuck my 2.5m @ 1.2p in the bottom drawer for a little longer. I did think after last weeks rise we had turned a corner and maybe some good news had leaked out. The only shining light in this scenario is Darwin will be out of the equation. BHR really must have had their backs to the wall on finance to go down the Darwin route but for all the damage they have done I suspect BHR would possibly have run out of funds without them. Deep breath and lets see where we go from here. GLA

Doesn't sound right saying a great week for BHR when this is still only at .7p. But when you consider the fall from grace and bottoming out in the low .3s then a .7p finish is certainly heading in the right direction. I'm still quite cautious though as Darwin could still put a banana skin or two under our feet if they wanted to. I'm less twitchy than I was back in March and hopefully should be a lot more confident after Mondays AGM. Enjoy the weekend and I'll see you all back here next week. Cheers idg69

Come on BHR let's see a .7p or above close. This would bode well for a rise next week following the AGM on Monday. I hope there are no gremlins announced and all the finance is tied off. This could quickly pull back and lose momentum if no good news comes forth.

Good morning Breezy, I hope you had a great holiday and your batteries are now suitably recharged. Rather a lot of activity with BHR over this last few days and for the better as well. Not before time you say. Lets hope for a good day today and then a rise over 1p on Monday after Mondays AGM when RK shares all the good news. We are still incredibly cheap considering where we once were, but I'm feeling a little more confident this week than I was a month or so back when we hit .35p. I was twitchy about losing the lot, though we are not out of the woods just yet. I have thrown all available funds at this now to get down to 1.2p average so with a prevailing wind, could be in profit sooner than anticipated. Heading out on business now for the day so will look back in later in the day. All the best and good luck all. Cheers, idg69

A few sellers this afternoon. Only to be expected really as a few short term day traders will always want to be in and out for a quick profit. If you bought last week at .45p and can sell today at .65p many will take that and say thank you very much. As long as we close above .65p and don't fall back then that'll be fine by me. I'm here for the foreseeable - 2 to 3 years if necessary. I'm hoping this could be a life changer if everything slots into place. BHR are only at the foothills of their recovery at these prices. An upturn in commodity prices tied in with all the operational progress coming on stream should see BHR in a very different position 12 months down the line.

An interesting week ahead I suspect. This is going to jump around a little from here on as anybody buying sub .4p will be taking profits along the way (as you would expect). 2 to 3 days of good percentage increases will also put BHR on a lot of investors radars. Above 1.2p and I shall be sleeping a little better. 3 to 4p and I can say goodbye to my mortgage. Lets see a .75 - .8p finish today please. Good luck all, but most importantly the long termers.

Bubbler you are correct! Never mind, it's still a lot cheaper than the 500,000 shares I bought last August at nearly £15K @ 2.87p. Whats .04p between friends. Have a good day!

Just managed to catch the dip at .62p and added another 458,000 before the rise back to .66p. I really am calling it a day here now and will just put everything in the bottom drawer and hold tight. I hope we have seen the last of the .4's and .5's. I should have bought the lot at .5 yesterday morning but hind sight is a wonderful thing. Good luck all.

25% and climbing now

I'm in agreement with TassOil over on the ii discussion board. I've said it many times before but I'd rather a steady climb of a few percent each day rather than big peaks and troughs. Big spikes and 20% rises in a day are all well and good but they attract too much attention and the pump and dump merchants then climb aboard. This share is primed for a recovery but I'd like it to be sustained for the years ahead. I appreciate nothing goes up in a straight line. Fingers crossed for a good AGM in 5 days time and confirmation that the worst is now behind us.