Beacon Hill Resources - BHR Stream Log

And back down to .422 on the news: Beacon Hill hereby announces that the Company has received a notice of exercise by Darwin Strategic Limited ('Darwin'), to convert £200,000 of Darwin's Convertible Loan Note at a gross conversion price of 0.004304p per share. Details of the Convertible Loan Note were announced to the market on 4 October 2013 pursuant to which 46,468,401 ordinary shares (the 'Convertible Shares') now fall to be issued. Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or about 16 June 2014. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,886,943,957 ordinary shares with voting rights. This figure of 1,886,943,957 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Ignore the last post, it included a web link to a short selling article on Herbalife, which is very similar to our position with Darwin.

A little light reading before bedtime:

It's oh so quiet! Un-nervingly so. I hope RK and his merry men have their suitcases packed full of good news for the AGM on the 23rd. I wish I lived a little closer as it would be interesting to attend and hear what has to be said first hand. If past BHR news flows are anything to go by, I'm not convinced they will have everything tied off finance wise before the month end - we do tend to be late on most things. I'm not knocking RK as he really has his work cut out in the current climate and everything seems to be stacked against him since he took over at the helm.

Ignore that last post, Google finance is back to showing the close at .45p. Let's see what we open at in the morning.

Looks like a 10m sale this morning at 8.16 has taken this back down to .4p at the close. There is just no forward momentum with this share whilst all the uncertainty is hanging over us. I was feeling a little more positive this time last week but not today. How frustrating is it being a BHR share holder? Any gains made last week have just re-traced backwards.

Would be nice to think that BHR could do a Leni Gas & Oil at some point in the future. God I hope the BOD can pull this one around and secure the funding through to Tier 1 and beyond. Fingers crossed the AGM on the 23rd is positive with some concrete news. GLA

A very quiet days trading in BHR today. Google finance showing only 1.72m approx £8ks worth of trades today. Everyone must be playing out in the sunshine!

A .47p finish was a pleasant surprise this evening on my return from 2 days away. BHR still has a mountain to climb though. When it dropped below 1p I was amazed and to then see it bottom at .32 was just staggering when you consider the fall from grace this share has suffered. When you look back over historical valuations for BHR they are comical when all they had was a hole in the ground and no real infrastructure or rail allocation or trains to even get the stuff to market. At least we are now a proper mining co with a decent washplant, trains/wagons and an allocation on the Sena line. It's just that the coffers are now almost bare and we need them topping up. Come on RK do your stuff and get us over the final hurdle and on to Tier 1 production.

Well put Romanof - your comment made me laugh. Here's to a better day on the markets tomorrow. I'm away on business the next 2 days so I won't be watching the charts for a 'refreshing' change. All the best idg69