Good evening Breezy, good to hear from you and I hope all is well with you (apart from being a BHR shareholder of course) The silence from the board is worrying as you say. I would have thought an update on the trains and the subcontracting would have been forthcoming by now. I hope the subcontracting of the trains hasn't fallen through as a result of the delays in getting the trains to Moz. A mega RNS would be welcome at this time though I'm not convinced a good RNS would lift us too far out of the doldrums at this time. I think the markets in general are over inflated and have risen too fast to be sustainable and a correction is in order. I hope sentiments change towards mining and resources stocks as part of the correction and people stop investing in daft stocks like Candy King and the likes. Stating the obvious I know, but I really hope we don't go to the wall before we can get this company actually selling some serious coal volumes. I say it every week but fingers crossed for a change in sentiment and a northward trajectory. All the best idg69
The discussion boards are almost as quiet as the BHR board at the moment. When nothing happens there isn't much to discuss really. I haven't known it this quiet before though. Roll on the next RNS which should hopefully bring with it some good news for us all.
So no quarterly report is required now they are no longer listed on the ASX. That's not a problem to me at all as I'd rather they didn't wheel out the usual flannel they have given us recently. I would rather they reported news when it is news and not the regurgitated stuff from last year. Though it is time they had the due diligence tied off for the senior debt facility and confirmed what they are doing with their new train set.
Hang on in there Breezy. It is very difficult to know what to do here. It's either a very good opportunity to buy cheap and get those averages down or it's crackers just throwing money at a lame horse. I really can't call it at the moment as my sentiments change on a daily basis. The directors still aren't buying at this level so does that speak volumes? I really don't know. This new finance bod could have some contacts in high finance, who knows? not you and I that's for sure. Keep checking in from time to time, it's good to know you're still with us. All the very best (and I mean that) idg69
There appears to be a little more green on my watch list today except for that bing chunck of red in the middle called BHR. Frustration doesn't even begin to cover how I feel about this stock. The percentage drops appear to be really big on the most insignificant of trading volume, how can this be? I hope the next RNS/new flow from the company is good and we start to see an upward trend. I'd like to have more confidence in this outfit and top up/average down whilst the price is this low but I can't bring myself do do it for fear of throwing good money after bad.
A very interesting read about Mick Davies and X2 in the Sunday Times yesterday. He has 3.5 billion to invest in mining - does anyone have his e-mail address? I'd like to let him know of a little mine that is nearing Tier 1 production and just needs a helping hand to get to the start line. I'm sure he wouldn't balk at investing 30 million with BHR. Sadly though, I suspect we are a mere minnow compared to the mining operations he would be looking to buy. It would be nice if someone like this could come along a relieve us of our woes at this time. I'm sure we have all suffered enough now. Good luck all and lets hope for a better week (I say that every Monday morning) all the best idg69
HI bigdog, it's a real stinker isn't it. When you look back over past RNS statements they weren't exactly truthful with the position they were in, I would say very deceitful on reflection. The timescales for a turnaround in market sentiment and the coal market in particular aren't my concern as I accept things are cyclical and you get ups and downs along the way. I just hope we can reduce the cashburn and see this through to production. Back in Nov/Oct last year they said that with the convertible loan notes and the finance they had in place back then that they had enough to take the company to Tier 1 production - what a load of rubbish that turned out to be. Maybe the last FD had to go because they didn't have their finger on the pulse with the true figures that were need to get this mine in profit. If we need 20m to secure the debt facility and 10m for rail infrastructure then 30m is small fry compared to the 1 billion plus that Baobab require to fund their plans. Everything is now riding on the new finance chief being able to raise the money on the markets. Who knows, he could be a real whizz with some influential contacts in the capital finance markets - lets hope so. Have a good weekend, at least the price won't go down on Sat/Sun and lets see what next week brings.
Oh dear! what a miserable place to be right now. Until the company issue the news that the debt facility is secured, and by that I mean binding, and they have also raised the 10m required for the rail infrastructure, then no one in their right mind would invest here. It is no surprise there have been no director buys over the last 12 months, they know the inside track on BHR and will have known this is where we were going to end up. Just hit .43p as I type - 7.7m market cap - wow that is low when you consider they turned down 120m because the previous BOD didn't feel it was reflective of the value of the business. I wish someone would come and buy us out - anything above 1.5-2p please and I'm gone. Come on RK get us out of this hole and quick.
Well said that man! We're not going down in the short term, we've already gone down. We are now flat lining and waiting for CPR to kick in and bring us back to life. This new finance bod we have taken on really has is work cut out in the next 6-12 months. I think we should have employed Paul Daniels cause he's really good at pulling rabbits out of hats and all that stuff! Though he's not too hot with a circular saw by all accounts. God luck all.
Guest 18:58. I hope we can all look back in 12 months and wonder what all the worry was about. I'm in here big time and it's very worrying sat on such big losses day after day. The timeline doesn't concern me as I can wait 12, 24 or even 36 months if necessary. My concern following the last RNS is that without securing the additional £10m (which we didn't know about before the RNS) for the rail sidings at Beira then BHR really could be no more - and that is a hard fact. My chin is up most of the time but the thought of losing the lot scares me from time to time.