Beacon Hill Resources - BHR Stream Log

A very interesting read about Mick Davies and X2 in the Sunday Times yesterday. He has 3.5 billion to invest in mining - does anyone have his e-mail address? I'd like to let him know of a little mine that is nearing Tier 1 production and just needs a helping hand to get to the start line. I'm sure he wouldn't balk at investing 30 million with BHR. Sadly though, I suspect we are a mere minnow compared to the mining operations he would be looking to buy. It would be nice if someone like this could come along a relieve us of our woes at this time. I'm sure we have all suffered enough now. Good luck all and lets hope for a better week (I say that every Monday morning) all the best idg69

HI bigdog, it's a real stinker isn't it. When you look back over past RNS statements they weren't exactly truthful with the position they were in, I would say very deceitful on reflection. The timescales for a turnaround in market sentiment and the coal market in particular aren't my concern as I accept things are cyclical and you get ups and downs along the way. I just hope we can reduce the cashburn and see this through to production. Back in Nov/Oct last year they said that with the convertible loan notes and the finance they had in place back then that they had enough to take the company to Tier 1 production - what a load of rubbish that turned out to be. Maybe the last FD had to go because they didn't have their finger on the pulse with the true figures that were need to get this mine in profit. If we need 20m to secure the debt facility and 10m for rail infrastructure then 30m is small fry compared to the 1 billion plus that Baobab require to fund their plans. Everything is now riding on the new finance chief being able to raise the money on the markets. Who knows, he could be a real whizz with some influential contacts in the capital finance markets - lets hope so. Have a good weekend, at least the price won't go down on Sat/Sun and lets see what next week brings.

lol and who derided me when i said it would go down???? - still holding though as its dropped so much from where i bought in its not worth converting the loss - have written off a huge chunk of my investment - if it does survive and go up - well it will be an unexpected surprise that may afford me a holiday.....good luck to all suffering long term holders - i think we need it...

Oh dear indeed, I can understand those selling up, I'm too far down so it doesn't really matter that much, Winston could be right, the death knell may not be ringing quite yet but the reaper is certainly taking notice of us. RK needs to start justifying his £300k pa salary, we need news, you know its bad when long termers are getting out, selling out to Darwin was the worst mistake ever, wonder if thats why the last FD went, we need positive news and we need it fast otherwise the will be in the 0.3's soon, absolutely tragic, am annoyed at myself for being fooled by BHR and its a shame for all those who have had faith in the fundamentals, was reading through previous RNS statements last night, just made me angry, what an amatuer outfit, RNS back in Oct states exactly what funding will be required for, more recently very sketchy on what needs financing and how much is required. Darwin are only half way through tranche one of the CLN.

Oh dear indeed!

Looks like the death knell is ringing for poor old BHR, is a shame was once great potential, the hill to climb is just too steep.

Oh dear! what a miserable place to be right now. Until the company issue the news that the debt facility is secured, and by that I mean binding, and they have also raised the 10m required for the rail infrastructure, then no one in their right mind would invest here. It is no surprise there have been no director buys over the last 12 months, they know the inside track on BHR and will have known this is where we were going to end up. Just hit .43p as I type - 7.7m market cap - wow that is low when you consider they turned down 120m because the previous BOD didn't feel it was reflective of the value of the business. I wish someone would come and buy us out - anything above 1.5-2p please and I'm gone. Come on RK get us out of this hole and quick.

i think that people know the score now with Darwin and wont be succered into any more false rises only to see Darwin short it back down - theres been too many rinse and repeats - imho this wont go anywhere until we get cast iron news from the company....everyone has had enough of Darwins games.....of course just IMHO

check it out if you havent already - puts things into persective

www.justgiving.com/Stephen-Sutton-TCT