I don't understand why the small sell trades can bring this down 4 and 5% yet the big buys have little affect in the share rising. I'm pleased Duxi over on LSE has a god feeling about this share because I don't right now. I do think that we will get taken out on the cheap at some point and that BHR won't achieve any of the potential that was marketed to the long term holder over the last 3-5 years. They will be left high and dry with high averages. Anyone over 3.5 to 4.5p won't see any profit on this one. These are only my opinions/thoughts and I would love to be proved wrong. It will be 12 months in August that I first got involved with this shower. If you look back on info relating to BHR over the spring/summer of 2013 we were supposed to be shipping coal in Qtr 3 of 2013 - what a load of rubbish that turned out to be. 12 months on and we are still another 12 months from shipping coal - that's a 2 year delay in my book.
On a positive note, we are up on the week. I'd take a .1p increase each week over the next 5-10 weeks if I could. This would put us back in the 1 to 1.5p territory, which is still low for the assets we have and the operational work undertaken over the last year or so. Enjoy the weekend and let's be grateful we haven't gone backwards this week.
Couldn't resist, just had a little Friday morning top up of my 2.458m to round up my holding to 2.5m. My 16th additional top up/average down and this time I think I'm definately going to draw the line. I still don't think BHR are 100% safe by any stretch of the imagination but with the recent interest by the big investors and Darwin paid off, BHR are in a better position than they were. If this just ticks up quietly by .05p per day or every other day that will suit me just fine. Anyone new to BHR now should make some good money in the next 6-12 months and potentially beyond that. Good luck all.
Don't worry Breezy, BHR is going to jump around a lot now as the day traders are on to it. They'll be in and out all the time making a quick buck here and there. Like yourself, I'm going long on BHR so it can do all it wants on a daily basis as long as the general trajectory is north. This has tested our metal dropping down to these levels. We will have to be braver still when we get back to break even levels as not to cash out to soon - though it would be nice to have that option.
Oh god! he's over here on this board now! Only joking - it's a free country I suppose.
They are very blinkered as to what the real situation is. The additional placing also talked about funding until the end of the 3rd Qtr - what happens after that. Like you Breezy, I hope I am proven wrong and some fairy dust is sprinkled on this company and we all come out happy bunnies, but we are not out of the woods yet. Have a good day matey, all the best IDG69
I understand 150k has been spent on feasibility work to then find another site may be more preferable. As far as a takeover is concerned, yes it would be great but at what price? and also we may be too small for the Indians we are only a small mine in the grand scheme of things. Potentially very profitable, but small in mining terms. Yes we have Changara but that's years off. I'm not being negative, I'm just being realistic. These clowns have popped out of the asylum for a visit but haven't done their homework.
Good morning Breezy, all is well here thank you, as I hope it is with yourself. We have some real comedians over on LSE at the moment. Nobody wants this share to rise more than you and I, but a sense of reality is missing. The SDF still hasn't been finally signed off 6 months on. We have Locos and wagons stuck in a customs shed, therefore no subleasing contract can be finalised and no income is coming from this. I'll bet we're also paying the leasing fees to Thelo on this lot as well. And what about the extra 10m they dropped on us earlier in the year as needed to complete the sidings at Biera.
So much waffle is being spouted over on LSE at the moment. As you rightly say Oscar this share will achieve it's correct market value without all the pontification. Us private investors are at the whim of the market makers here on AIM, if they want it to rise then rise it will. I'll be checking out if we can get over the 3p mark so that will be no time soon then. I'm happy as long as we can remain in business and see this through to either tier one production or a favourable merger/buyout, whichever comes first. A gradual daily tick up without too much pomp and ceremony will be just fine. Good luck to any newbies getting in at these levels - you should, with a prevailing wind, make a big chunk of cash out of this company. Though the potential rewards don't come without the very big risk of losing your shirt on this one if things don't go to plan. DYOR I can't stress how important this is and don't get caught up in the daft talk on LSE.
Good evening Breezy, hope you had a good weekend. There appears to be some back room skullduggery going on around this share at the moment. Market manipulation, heavy dilution for little financial gain, strange trading patterns etc etc. Looks like a few day traders have also arrived on the scene to make a few quid (only to be expected with the peaks and troughs) RK and his merry men won't invest their own cash here as they know how close we are sailing to the wind. Until a firm offer comes in for the company as either a take over or joint venture, or the debt facility is secured then BHR are still in very choppy water. People seem to have forgotten we also need a further 10 million for the rail sidings at Biera on top of the 20 million to secure the debt facility. I also think this VAT issue on the rolling stock is going to bite us on the arse as well. Those trains won't be leaving the customs yard until the government get their due monies. We are entering a critical phase in my humble opinion. Good look matey.