Have just spoken with Halifax i-Web and voted No for all 4 resolutions and this hasn't cost me a penny. Which is more than can be said for my BHR shares!
Unfortunately everything is guesswork as far as BHR is concerned and has been for some years now. Will they go under, will they survive and at what cost? only the inner sanctum of the BoD and the big PI's know the true state of play and they're not going to change tack and start telling the truth now - that would be out of character. I'm not holding out much hope. Romanof your comment regards mothballing the company is spot on just 12 months behind the mark. They should have suspended everything 12 months ago and laid off staff. If Google finance is accurate they have 212 staff on the payroll - that is a lot of mouths to feed and for goodness sake what do they do all day? Christmas last year was bleak for BHR shareholders, this year is going to be a whole lot bleaker after the resolutions on the 17th go through.
You are are right to feel cheated Breezy, as I do. The RNS's were blatant lies when you look back over them and you can only invest on what information you are provided with by the company. I had this company down for a recovery play as did a lot of brokers, and not the basket case it has become. The no campaign won't yield results for us PI's as all the backroom shinanigans have already been taken care of in my opinion. I really do wish you well my friend as we are both facing the same financial hit on this one.
Hi Breezy, I'm not selling up at this stage. As of this morning my £31k was worth £600 too. I can't do much with £600 so I'll just hold them indefinately on the off chance something happens 1 to 2 years down the line. I've written them off in my head anyway now. We have been robbed matey, though no one forced our hand to invest in this shower. I only have myself to blame. What I have done here goes against all my better judgements and I must have taken leave of my senses. Sad to say it was greed on my part to get rich quick instead of sitting it out with RBS, Lloyds and Taylor Wimpey on the FTSE100 - looking at where they are today makes my stomach churn to think what could have been.
yoyo - you must be looking at different charts my friend! If you bought yesterday at 0.022, with the spread on this share you won't be making profit today if you sell. I wish you well in your endeavours but be careful were BHR are concerned and take this in this spirit it is given and from someone who knows.
yoyo - the price is not moving considerably and there is going to be no bounce back. Anyone thinking otherwise is absolutely deluded. This share only travels in one direction and that is SOUTH irrespective of any factors. Take this from someone who has been fleeced on this stock for close to 18 months!
Weasel - I don't want to sound preachy, bu only put in what you can afford to loose. Your £500 punt today will buy my entire £30,000 punt on this shower. Trust me when I say it won't see .5p by Christmas, we have the mother of all dilutions coming our way on the 18th December!
Oh and of course it will allow BHR to continue to pay my big fat salary for another 12-18 months whilst I sit with my finger up my butt!
Q7. What will the restructuring mean for current shareholders? A7. “The restructuring will improve BHR’s ability to attract the new funding required to develop the mine into a Tier 1 cash cost producer, in addition to providing working capital, and it will also improve the Company’s ability to service its debt.