God I hate this share with a passion. It drives you mental! How can the buys out weigh the sales as they do and the price continues to slide. Why oh why did I ever get involved with shares on the AIM market? What a berk I have been.
Romanof - I do find your postings most cryptic at times! Have you been on the mushrooms?
Tony Bell end on LSE is a complete tool. The net assets might be down at $60 million on the books but they're only worth what someone is prepared to pay for them! If he thinks we'll all get 1.5p per share if this goes to the wall then he is deluded at best. He says the risk is minimum - what a complete fool he his. If this goes pop, and by that I mean bust, then us PI's will be sold down the swanny and we'll get nothing in my opinion. The reason we are not being snapped up at this ridiculous price is because we are being watched in the hope we do go bust, they can then pick up the assets at the fire sale. From a financial perspective the BoD at BHR are completely incompetent in my opinion to get us in this mess. RK may know a trick or two from an operational perspective but not from a corporate finance stance. I hope I am proved wrong and this ship can be turned round. Going on the boards track record I'm not confident they have the abilities required. I've said many times before but this is a disgrace. I do accept the risk that shares do go down as well as up and I will accept the consequences if I lose the lot but it will be a bitter pill to swallow. If you read past RNS reports from 2013 it proves how far off the ball the BoD really where. They had no idea about the true state of the finances or if they did they didn't disclose it to investors. The old FD was no more than a book-keeper and not a very good one. They should have known what was going to be required financially 2 years back and done something about it. CLN's and massive dilution to boot with such paltry amounts raised off the back of them - schoolboy errors and massively damaging to investors and investor sentiment. Goodnight and God bless! I;m pretty hacked off today if you hadn't already gathered!
Morning Breezy, Any luck with that 44 million euro lottery? You can't lend me a few quid can you? I've got this dead cert I want to put some money into. It's a near production almost Tier 1 coal mine in Mozambique with some new trains and an allocation on the train line! Honestly, it's a dead cert, it can't go wrong, trust me, I'm a doctor (well a graphic designer really) you'll make a fortune and we'll all be rich and we can retire early. If I don't hear back from you, I'll take it you've taken your 44 million and left for sunnier climes. Enjoy your holiday, all the best matey, idg69
Hi Breezy, how rubbish is this? Just when you think it can't possibly get any worse - it does. Have BHR ever issued an RNS and the share price not gone down?
It's not not looking pretty is it? What a shamble this really is. From a company 3 years ago that turned down a 120m buyout offer because it didn't reflect the true value of the company to a market cap today of just 9.2m, not to mention the outrageous dilution in number of shares. Awful, just awful. There are people out there with money to invest in coal project - Sunday Times yesterday - Mick the Miner of X2 has a wallet full of cash he has raised to invest in coal having been shopping in Columbia recently. I'd hoped this new finance guy that was brought in might have some heavyweight contacts in the corporate finance world but it doesn't look like that's the case for the time being. I'm sure RK is not sat in his office with his thumb up is A**e but come on guys pull your fingers out and sort some of the issues out and quickly before the whole thing goes to the dogs. Cant believe what a monumental clot I am for even thinking of getting involved in this company, never mind pouring my hard earned money into it for the last 12 months.
A very quiet morning on the trading front. It stands to reason there is going to be very little activity until news is forthcoming and when that will be is anybodys guess. We seem to be in a bit of a news vacuum at the moment. On the 27th August I will have been trapped in this mire for 1 whole year. If you look at the charts that is the day it peaked at 2.7 - 2.8p up from 1.95p record low earlier that month. I really thought I'd bought in on the rise in a stock that was finally coming on stream. If you look at the news flows around that time BHR was on the climb and preparing to transport coal with it's own trains and the future was supposedly going to be bright. Since that day this share has only gone south and we still haven't shipped any coal and have just gone further into debt. The BOD really have been disgraceful when it comes to stating the true position of this company at every stage. Breezy, I agree there is some (but not a lot) of comfort in knowing the big ii's are not bailing out. I'll sit this one out and see where we go from here. All the best idg69.
than at any time before - was what I was going to finish with. Good luck matey.
Morning Breezy, it's not pretty is it. I keep checking in from time to time on the boards to see if any new info is forthcoming. God I hope I don't lose my shirt on this one. I can't read the silence on this one, it could be good, bad or indifferent - none of us really have any idea of what the true state of play is, it's all guesswork. Even when the board issue information it's hard to believe it's true and factual. Like so many now, I want out but can't afford the losses. All the best, but feeling less confidentny timeim than at a
bull - you gave BHR a BUY rating: time to buy back in.. Will I be right? On the 1st Aug at .42p 6 days later at .41p we're in a death spiral and you're moving on. This company has been in a death spiral for almost 3 years if you look at the charts. There is massive uncertainty surrounding this company on so many levels at this time and I hope we are now just at the bottom of the curve and good news is around the corner. Hard to believe it will be but I live in hope non the less. I hope you are wrong about an imminent death though. Good luck with whatever you move on to.