Good luck Breezy, You and I are sailing in the same boat my friend and it has no life rafts so we have to pray we get to our destination without sinking. I have sunk just shy of £30k in to this stock having being burned to the tune of £24k on CPP this time last year - all of my own doing I have to admit. I need 1.75p to recover all my losses and correct my past mistakes. Having done a load of research on BHR early August last year I really thought it was my get out of jail free card and would sort all my woes by Christmas 2013 - how wrong was I? It couldn't have been any worse and has only compounded the trouble I was in. I am 45 next so I could take the hit but it would be a very painful lesson I'd rather not have to learn. If/when I can get out I won't venture near AIM stocks again, it's just not worth the worry. Yes the gains may occasionally come along but I'll bet more people get burned than those that make it big. All the best pal and I hope for all our sakes BHR can sail these choppy waters and come good for all of us.
Breezy - you crazy fool! Only kidding, i'd be buying more myself if I had the funds. Thankfully I'm skint at the moment which is a good thing as it's stopping me getting into more trouble. I'm sticking at 2.5m with an average of 1.2p As long as we don't go to the wall (which is a possibility) we should see profit within 12 to 18 months. It will be hard not to jump ship if/when I hit breakeven. When you suffer in the way we have over the last 12 months you just want out as soon as possible.
Romanof and Breezy - Couldn't agree more, the share price is disgraceful and no funding no BHR it's as simple as that. BHR have been sailing close to the wind financially for some time now but I think we are on a knife edge now.
Manas Resources (ASX:MSR) has appointed Justin Lewis as a non-executive director. As executive chairman of Beacon Hill Resources (ASX:BHU, AIM:BHR), he led the development and financing of an African based coal mining group. So Justin will be spending even less time now on BHR. I love the comment "he led the development and financing of an African based coal mining group" We are under financed and in fear of running out of money, our share price is on the floor and we are 12 to 18 months behind schedule. Manas you have picked a real winner in Mr Lewis, congratulations! Let's see what this week brings for us poor BHR shareholders.
Manas Resources (ASX:MSR) has appointed Justin Lewis as a non-executive director. As executive chairman of Beacon Hill Resources (ASX:BHU, AIM:BHR), he led the development and financing of an African based coal mining group. So Justin will be spending even less time now on BHR. I love the comment "he led the development and financing of an African based coal mining group" We are under financed and in fear of going belly up, our share price is on the floor and we are 12 to 18 months behind schedule. Manas you have picked a real winner in Mr Lewis, congratulations!
www.economist.com/news/business/21600987-cheap-ubiquitous-and-flexible-fuel-just-one-problem-fuel-future
Good afternoon Breezy, fantastic holiday thank you - no wi-fi on the island meant no stock watching for a whole week - absolute bliss not knowing or caring what the dreaded BHR share price was doing! The delays in signing off the funding are very concerning. This should have been put to bed months ago and doesn’t bode well. With BHR’s past record on delays and news flows I don’t anticipate any good news soon. Also looking at what Rio have offloaded their Moz mine for doesn’t fill me with confidence for a takeover of any value either. As I have said before, I am not that bothered about what this share does on a short term basis, I would just like to sleep a little easier knowing that they have the finances to be in business this time next year and beyond to Tier 1 production. We have our backs firmly against the wall on this one at the moment - lack of funding, trains stuck in customs, wash plant upgrade still to complete, rail sidings at Biera still to complete and a depressed coal market are all realities that some investors/gamblers appear oblivious to. RK’s silence I hope is because he is tying off all the loose ends or it could be because he has nothing to report - who knows? Keep yer chin up and let’s hope for all our sakes they can pull through. All the very best, idg69
Good morning Breezy, Back from my week away to find we have moved backwards again (if only a little). We really are in the doldrums with this one right now. It will take one heck of a news release to get this share moving. I'm liking Redbikes posts over on LSE at the moment, he seams to have brought some sense and logic to the table. We must be due some news or an operational update very soon. Can't ramble this morning as I've a weeks e-mails to clear and the month end to take care of today. All the very best, idg69
Hi Breezy, it's a stinker isn't it. The share price is on its backside and it still drops like a stone. You'd think topping up at these levels would reap rewards but not with BHR. My 4k top up at .66p is now close to 40% down. It's just dire all round I'm afraid and the feeling of being trapped in this mire makes it worse. To quote the lyrics of the late great Marvin Gaye - 'I'm just a stubborn kinda fella' and I'm going to see this one through to the end be it good, bad or ugly, and it's pretty ugly right now. All the best matey, we're in the lap of the gods! or at least the BOD.
The institutional investors who bought at .25p won't be selling at .4p. The dilution and buying at .25p has only allowed them to bring their averages down from say 4-5p down to 2-3p. Anybody selling at this price is only selling for fear of the whole thing going down the tubes or through frustration. This is only my take on things.