Good morning Breezy and welcome back from your jollies. Hope you had a good time. You didn't miss anything as far as BHR is concerned - apart from the .17p all time low that is. Hard to comprehend this share was once 17p and we have actually hit .17p. Getting back to just 1.7p is a 10 bagger from this disgraceful low. We have had some new clowns appear and disappear just as quickly over on LSE spouting complete nonsense. Romanof is on the money with his comment 'nobody knows for sure what is going to happen' I just hope the board know what is going to happen, though they don't communicate that too well to the markets. I'm in London tomorrow so won't be able to monitor the price following the agm. I'm not expecting great things as I have come to expect nothing but disappointment from this shower. If they surprise us all then woopi do, it will be a first. All the very best and welcome back. Cheers, idg69
This share is going nowhere until concrete news is forthcoming with regards to securing the Senior Debt Facility, Sub-leasing the trains, confirmation of further dilution or not, Washplant upgrade, sidings at Biera, etc, etc. Any short term blips are just that - short term blips.
Morning Kanu, It's a hard call to know what this will do in the short term. It went up yesterday on hype and speculation alone (and of course people buying) though we have seen big trading days before with mainly buys and the share price has gone backwards. BHR have a great habit of pulling the rug from under investors feet at every turn. They will do it again this time I fear. This will get talked back up in the short term for BHR to issue their next RNS which will include further dilution, further delays on finance and it wouldn't surprise me if the rail sub-leasing agreement is now dead in the water. Confidence in the BoD is at an all time low with anyone who knows this share and has done their homework. Tread very carefully - I'm not a deramper as it is in my interest to see this back over 1p and quickly, I'm a realist! All the best idg69
Kanu - What do you mean when you say 'not again'?
Guest @ 12.42 - You have been brave to get get from 4.6 down to 1.01p that's some averaging down. I have another 4k sat in the wings but I'm not confident enough to put it in on this rise. I put 3k in at .66p on thie rise up from .35-.4p to see it dashed in a matter of days. I have a feeling this is going to do the same. People are forgetting that no positive news has come forth from BHR and this rise is all just hype and speculation. It's pretty much common knowledge that they are going to have to issue more shares resulting in yet more dilution and the price will tank again as quickly as it's rising now. BHR as a company is just too precarious at the moment to risk losing even more. Good luck. Like you when I bought at 2.8p is was envisaging a doubling up at least with a view to moving on at 5-6p - It's comical even contemplating that scenario now. All the best, idg69
I agree with Jonah. This rise for me is nothing to be excited about - my sentiments exactly! It's all down to timing and your buy in point with this one. If you bought recently in the low .2s then yes happy days and woopy doo you're in the black and potentially good times ahead. If like me you started with this at 2.8p and have doubled your investment/gamble to get down to 1.2p then we are still very twitchy as to whether we will see our money back never mind some profit out of this cesspit.
I'm not deramping as I have 30k tied up in this shower but lets not get excited at .29p. SharechatAim on LSE saying smart money will be buying massively here is just stupid. 5 days before the last RNS this was taken from .35p to just shy of .7p to have it crash back down on the rocks when the BoD issued another 600m shares at .25p. They may just do exactly the same with another placing to allow the big boys to average down ever further. I don't trust our BoD to anything in the interest of the private investor. If history has taught us nothing with BHR it is never plain sailing and expect the rug to be pulled at any moment. Until some cast iron agreements have been concluded my money is staying in my back pocket. I've been burnt badly on this stock and I'm just being realistic.
The only thing that will be gone forever is BHR the company if they don't secure the debt facility and get those trains sub leased pretty damn quick. All the talk of Ukraine running out of coal is ridiculous as far as BHR are concerned. have people forgotten that we are not producing coal in any serious volume at this time and even if we are we don't have the wash plant upgrade or transport to get the stuff to market. People on these boards have just not done their homework as to what state this business really is in. We are 12 months off exporting coal and only then if we get all the finance in place. And let's not forget the debt facility if secured doesn't allow for the further 10m they said we would need to develop the rail sidings at Biera. Come on guys understand the basics of this buiness before you ramp it up into something it isn't. It had and maybe still does have great potential but I'm not sure if we have the BoD in place to realise this.
There are a few rampers starting to appear on LSE - Sharechat AIM in particular. These boys pop up spout their nonsense and disappear just as quick. I saw this with CPP last August and again this year. Nothing has changed with this company and we are still on a cliff edge as to it's survival. I have 4k I can tap into to almost double my holding and bring my average down around the .75p - .85p mark but what's the point if we go up in smoke within the next 6 months. Zero confidence in the BoD to pull this through - I hope I am proved wrong but going on the past 3 years I'm not convinced they have what it takes.
I'm sorry but I can't get excited at .25p. When you've been here 12 months and beyond and you started trading at 2.8p the .25p doesn't cut it with me. I'll sleep easier when we get above 1.5p and that could be an awfully long time with these turkeys running the show. If we start spiking at these low levels the day traders will have a field day pumping and subsequently dumping this stock.