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!
Bit of a revolution going on over at LSE, good idea, power and strength in unity, power to the people! Seriously the BOD could do with a bit of remainder that we are still here, all of us PI's have been shafted, 600m placing at 0.25pps god help us with business logic like that! I have absolutely no confidence left in the BOD, only still in because my losses are huge and I'd rather stay for the gamble than cash in!
Must admit I agree with Jonah58 over on LSE and am not holding toom much expectation for the GM on 21st July, this will just be to follow the corporate governance and ratify tranche two of the placing, I would very much doubt if funding is mentioned, I would assume we will get an ops update before the end of July with the standard 'good progress is being made toward securing debt facilities', 'we are confident that we will reach teir one and return value'. Come on BOD pull your fingers out!
idg69, we must need our bumps feeling indeed, the unfortunate fact of the matter is that we have been consistently misled by often lied to by the BOD so we haven't really had a true picture to base our investments decisions on, if we had I can tell you I would have ran a mile from this, I was warned by a good friend to steer clear of BHR wish I had listened. Anyway onwards and upwards, I like yourself have averaged down, although I don't think I'll see all of my investment back again I think that in time I'll see a bigger portion than I have now, good luck mate.
Idg69, my apologies in my rant I overlooked answering your question, it is difficult to know what they would accept with so many different agenda's, I think it would be the range of 1.5 - 2pps but only my own opinion based on no cold hard facts other than we are struggling for funding and the coal price is still weak.
Hi Idge69, sorry to be the bearer of bad news but if the warrants are exercised then we will be looking at another 600m shares to bring the total to just over 3bn which is tragic for us PI's who showed faith in the fundamentals of this company by investing and helping capitalise the start up only for that to be diluted by quite frankly a financial and commercial incompetant BOD who to be honest do not give a hoot about us PI's, you can bet your last BHR share that any deals done going forward will benefit the BOD and the II's usa PI's really are the bottom of the pile, why would RK care he owns no shares, neither do any other current board members, he gets his salary of £300k pa no matter what, probably why he sold us out on the last dilution, trying to keep the gravy train rolling!
Hi idg69, This is a funny old share, I'm in agreement with you about having to wait a while to hopefully see our money back or by some sort of miracle a small profit, I'm not sure an aquisition would be the best thing for long termers, I think we need to get the business sorted and up and running then when the coal price increases nice rise accordingly, well thats the plan anyway, what worries me is that if we were to sell then the offer may be very low, like yourself I'm happy to wait this one out.
Not much going on at the moment, lets hope our trusted BOD are working hard behind the scenes to get us the funding and secure teir one, been a long and painful journey for many of us. All a bit comical over on LSE at the moment, I'm sure that many of the posters are the same person, also think that it will reach a price if they repeat it enough times. Hopefully some positive news flow to come, I also think they will exercise the warrants so will be more dilution, looking after the bigboys again.