Everyday we just sink to a new low. You would have to be very brave/foolish/risk averse to invest here now. Very much a black or red share now. The BoD want stringing up for what they have/have not done with this company.
At what point would/could shares in BHR be suspended?
Bigdog - that is a very fair reflection of where we are at. Disgraceful state of affairs for a company that had so much potential. I accept the coal market is on it's ar*e at the moment but the board have screwed over the private investors shamefully. I'll bet we get another placing within 180 days so the big investors can excercise their warrants and get their averages down further. The whole thing smacks of insider dealing. We are not at the bottom yet either.
It's a steaming dog pile and for that reason I'm out! Jump In! What can go wrong? - You are out but now you are saying jump in! - its not the Okey Kokey you know.
I'm pretty confident it's true!. A 600m placing of shares to the big investors at .25p to raise a paltry £1.5m with warrants issued for a further 600m. That is looking after the big players whilst the minnows get left out to dry. I'm here for the long term - if indeed there is going to be a long term. This could go belly up within 6 months if the BoD carry on at this rate. Fools rush in where angels fear to tread pretty much sums up investing/gamblng in BHR.
What's going on here then? - How long have you got? For starters there is a lot of back room skullduggery in my opinion.
This is just diabolical and has been for some time. Market cap of 5.72m when the previous board turned down 120m saying it didn't reflect the true value of the business. I appreciate the coal market is now in a very different place to back then but come on, 5.72m - it's a joke. I can see this going to the wall or being taken out at fire sale valuation. RK and his merry men have done an appalling job on this company. I don't have the gonads or the funds to average down any further, I'm also not convinced we have seen the bottom which sounds mental at .23p. The boards past record is awful on delivering anything on time so nothing makes me think that can come good at this moment in time. I'm down £24k and feeling pig sick at the moment as I could buy my entire holding now for just under £6k. What Suki the dog on LSE must be feeling ive no idea - he/she has put the thick end of 100k into this stock (ouch) BHR has brought me 12 months of absolute misery. GLA though we really need a miracle.
I said yesterday that this was going to get a whole lot worse - ta da! my predictions on BHR have come right for once! I'm not gloating by any stretch as I have 30k tied up in this corpse of a company at 1.2p My chances of seeing that back in the near future are zilch. I'm switching off now as it's too painful to watch.
Evening Bigdog, the whole thing is comedy both the LSE discussion board and the BHR Board of Directors. I accept they have no control over world coal markets, prices and the supply and demand issues, but all the other stuff then yes they do. Trains sat in customs sheds, massive dilution to raise a paltry £1.5m, delay after delay. RK knew 2 years ago the state this business was in and what it would take to get it operational which is why he didn't put his hands in his pockets and buy any shares. It speaks volumes when the top brass in a business don't hold a single share! I feel like a pretty clueless investor myself at the moment having got involved in this cesspit. I agree with you in terms of back room deals having been agreed months back. We face massive future dilution too with the additional warrants being issued and more capital required even if they do eventually get sign off on the senior debt facility. The whole thing is a shambles and I fear it's going to get a whole lot worse before/if the tide turns. Good luck matey.
I'm liking the optimism over on LSE with some of the new posters, but honestly I am struggling to find any positivity around this share at the moment. This stock must be one of the most unloved on any market right now. It only manages to deliver on huge amounts of disappointment at every turn. It has been on the slide for 4 consecutive years and it will take a great deal to change market sentiment towards it in the short to medium term. I'm not de-ramping this share I'm just be more realistic than some. The big investors must have some faith left in the BoD for them to be still hanging in here - it may be just blind faith, I really don't know. CPP are adding to my pain this week having bailed out this time last year at 9.75p to get involved here at 2.8p. CPP today are back up around the 20p mark and this shower are down at this pitiful price. The investment gods really are twisting the knife at the moment - though I've got know one to blame but myself. Happy days ahead? Let's hope and pray - a lot!