Bigdog, I'm in full agreement with your sentiments. If BHR go down the tubes in the next 6 to 12 months it would be a real shame considering all the operational work that has been achieved in the last year with the trains and the Sena line allocation etc. If the big boys think they can pick this up on the cheap then they'll just watch from the trees. I have a lot riding on this horse so I'm praying we don't fall at the last hurdle, though it's a big hurdle to get over. Some days I feel quite positive that we'll pull through and other days I feel very twitchy I could see the lot disappear. The LSE board seems to have attracted some real tools of late. Most of what they spout makes no sense at all - or is it me being thick? Lets hope for some good news soon.
How long before a takeover? My guess is a week on Thursday by Baobab and they are going to pay around the 5-6p per share mark. We can dream can't we? Serious answer - absolutely no idea. I'm sure we are being watched from a far but only if we go belly up in 12 months time so we can be snapped up on the cheap (because we must look very expensive at the moment - not).
Analysts at Canaccord Genuity decreased their price target on shares of Beacon Hill Resources Plc. Who would take any notice of these clowns when you look back over their historic price targets for BHR? How miserable is it being stuck down here at these levels? It is going to take an awful lot of good news and a rise in the price of coal to change investor sentiment and put this on the road to recovery and I can't see either happening in the short term. I am just going to sit this one out during 2014 and see what happens. I don't have any confidence (or money) left to average down further at the moment. There is no point selling at this price. It would be good to have a regular news stream from BHR though in terms of trains and finally securing the debt facility (binding and not non-binding) Good luck all.
Another day at the bottom of the barrel. It's looking like we will be scraping along here for some time to come. I think any bounce is going to be some way away. I am only checking in once a day now - it's too painful otherwise. There seems to be a lot of bickering on the LSE board of late - most of it I don't understand. Patience is wearing thin and tempers are getting frayed. If Darwin and those pesky middle managers have their way this could get pulled down even further. It would be good to know the trains and carriages have been checked over and signed off ready for the sub-leasing to commence - that would be a little good news in the current climate. The days trading numbers are woeful at the moment, but you can't expect much more I suppose. Good luck all. I know its not a happy place to be right now but lets hope for better months ahead.
Good morning Breezy, nice to see you are still with us. I suspect with our holdings we are all going to be around a lot longer at these prices - unless by some miracle a takeover pops up on the radar, which I can't see happening at all. I suspect we are being watched from afar but only with the intention of picking the bits from an administrator if the finance doesn't get sorted within the next 12 months. The trains being signed off and the sub-leasing starting in earnest will be a big milestone operationally but I don't think will have any affect on the share price. Anyone investing/gambling in BHR now may as well just flip a coin. I wish I could be more confident. Until the last RNS I thought we only needed the SDF secured and that would see us through to Tier 1 production (which is what we have been lead to believe for the last 6 months. Now it transpires we need another 10m on top of that to fund the rail sidings at Biera - that is a big wad of cash. I hope the new finance guy is a heavyweight in these areas as he is going to have his work cut out. All the best matey, all we can do now is live in hope our luck changes and the coal markets start to pick up.
bigdog - I am 100% behind you in what you say. Your summary is spot on and I am in exactly the same place - trapped here with very little of my original capital intact. The AIM market is a toxic place and not for the feint hearted private investor at all. BHR have so much stacked against them now in financial, operational and market forces that I'm getting less confident that they will pull through. Fantastic if they do but the next 12-18 months is going to be tough to say the least. To cheer myself up last night I watched a cracking documentary on Netflix - Chasing Madoff. It made me grateful for where I am. Definately worth a viewing. I have also been doing some light reading on carbon capture technology. Coal is such an unpopular fuel (but very necessary for developing nations) it would be good to see some of this technology rolled out over the next 10-20 years as it would help the coal producers no end and would help lift investor sentiment in coal stocks. Would like to think BHR can get through the next 12-24 months and then let's see what happens. All the best idg69