Beacon Hill Share Discussion Threads

[librag] 05/12/2014 16:44

Because we each spend our money differently. For me, I like to buy after a crash, providing the story is good enough, as a recovery play. I think it is here and the IIs seem to think so too.

Unfortunately I bought into BHR because of the 16p offer and see how that turned out. I'll stick to bombed out shares from now on.

[greenrichard] 05/12/2014 16:38

Why would anyone want to put more money into buying shares in BHR before or after dilution? It would be like a gambler chasing his losses. Plenty of better opportunities elsewhere with companies that have better management and not jam tomorrow.

[librag] 05/12/2014 16:19

apeters1; exactly my thoughts.

None of us would have chosen to be in this position but now that we are, I think a yes vote is the only way forward. Oh, and deep pockets to follow the IIs now and in 2015.

Bantam spirit sums it up nicely on the blue channel. He'd rather have a low % of something rather than a greater % of nothing (paraphrasing).

[filterwest] 05/12/2014 16:19

katie1234 - Can you add to the total 4,135,019 million shares.

[apeters1] 05/12/2014 15:43

So yes, my shares are worth a lot less than they were 3/4 years ago, but surely not worthless unless the company goes into administration. Right? The way I see it, the only way I will get any sort of return is to vote yes and hope to get more exposure during 2015 at cheap levels and then look for a recovery in 2016. If we vote no - the doors shut and all our money is lost as Vitol will just assume full control of the mine with PIs getting shafted. Or have I misunderstood?

[librag] 05/12/2014 12:25

Also, I read on the blue channel that hesaidshesaid believes that the resolution allows our shares to be worth one thousandth of their current price.

Have I misread the RNS? A share consolidation of 1000 to 1 does not mean that. We will simply have a thousandth of our shares at a thousand times their current worth. ie. no change.

Now, if I'm wrong, could someone please explain?

[librag] 05/12/2014 11:39

Escovido on the red channel, argues that our net assets are worth 0.25p to 1p.

If he/she or anyone can show me the numbers, I'll vote no.

[librag] 05/12/2014 11:33

humbugg; seriously? We've already most of the dilution this time round. I'll play next year as it comes. There's the small matter of the vote first.

I don't mean to be rude, but I'm not sure I should take advice from someone who hasn't been introduced to the concept of capitals and full stops.

[bossman1978] 05/12/2014 09:02

Yes should had taken the 16p bid!!!!!!

[humbugg] 05/12/2014 08:14

libra,
if you are voting yes and buying into the future gamble why the hell aren't you selling your existing shares and buying back after dilution?? you're not very savvy imo

[casabella2] 05/12/2014 06:39

Only one thing puzzles me.How can BHR turn down 16p bid for the company and 2 years or so later have a share price 1/50th of 1p.In the outside world you would get 10 years inside for robbery.

[katie1234] 04/12/2014 22:41

LibraG - If you have got money to spare, why don't you buy some more and vote No - it will give us a better chance of succeeding and you getting your money back. Whatever the number of shares you have at the moment, say 1M at 0.0002p (current price) after the dilution you will have 1,000 supposedly worth 0.02p - all that does is give the Board the opportunity to give Darwin more shares at 0.0001p again and again and again until there is nothing left. At the moment they can't go any lower without going bust. The Board won't want the company to go bust as they won't be able to get another job, so they will arrange for it to be sold. Even if they sell it at today's price you haven't lost anything, but the liklihood is that they will give it a fair value and you will get a profit. Don't think for one minute you or any other private investor will get a second thought from RK/JFJ or Darwin about how much money they have lost, the money raised will just pay their salaries for another few weeks, that is all.

[loverat] 04/12/2014 19:10

Someone who invested £10K in this 3 years ago would have £20 left.

That's got to be the world record for shareholder destruction - and more to come.

No hestitation in calling this BOD a bunch of crooks.

[travls] 04/12/2014 19:05

These shares are worthless.

Company is bust.

[katie1234] 04/12/2014 19:00

Post courtesy of Tiff LSE

How scary is it that there are people on here who still do not understand the implications of a YES vote. Lets ignore the consolidation for now. If the resolutions get passed the current 4 Billion shares increases by 75Billion to Jindal and Latitude at 0.01p per share to cover the existing loan notes (no new money!) and another 20 Billion (plus Warrants totalling 6.67 billion) at 0.0075p per share for a cash injection of £1.5M. That cash, we know from previous rinsings, keeps head above water until March 15. Then they will need some more cash because the mine will not start producing until mid 2016 (if you believe that because it was supposed to be up and running in 2013!). Meanwhile no guarantee that DFI will provide capital funding to get to Tier 1 production and no assurance from Jindal that they defer their loan repayment of $4.1M due 30 Jan to after 31 Mar! Without DFI money how are BHR going to settle that? Back to the point... there are currently 4Billion shares, if yes vote there will be 100Billion! So if you believe that BHR has a net asset value currently say of £50M, that works out at possibly 1.2p per share. After 17 Dec and a yes vote that will be ....wait for it....0.05p per share...a reduction of a factor of 24 (2400%!). And then comes the dilution.....if they do not dilute the share price cannot drop below 0.01 because that is the face value of each share ...so dilute 1:1000 and on day one your shares have the same value as they did pre-dilution (assuming a stable SP!). but the face value of the share is and therefore the share price now has the room to drop from it's new price of 0.01 x1000 = 10p all the way down to 0.01p! Fantastic isn't it. Now no-one can predict what you may get back if anything were there a takeover/liquidation now but there is far more potential for PIs to recover something than there ever will be after 17 Dec. VOTE NO, NO, NO and NO

[katie1234] 04/12/2014 17:51

Filterwest - Thanks very much for letting me know. Have you registered them with the website? If not and you don't want to, let me know and I will make sure they get added to our total. Thanks again.

[katie1234] 04/12/2014 17:47

Cuthbert Cuthbertson Senior - Have you voted no with your Broker or asked for a form?

If you want to join the action group, it is very easy to do, just click on the link below to our website and create a log in address.

hxxp://www.bhr-investors.com

Once you have created an account, at the top right handside you will see Welcome Cuthbert with a little arrow next to it. Click on the arrow and the profile tab, then go down to the location line and add your shares and if you have voted, put a yes or no next to your shares (hopefully it will be a no!!) If you have any problems or don't want to register with the website, let me know if/how you have voted and I will get them to include your votes in our total.

Thanks very much for getting involved. We need to get more people now that Darwin have used their warrants for shares.

[cuthbert cuthbertson senior] 04/12/2014 14:14

i HAVE 50000 YOU CAN ADD THESE TO YOUR TALLY JUST TELL ME HOW? PLEASE CC

[librag] 04/12/2014 12:54

Why? Because of the potential for the future. Yes I realise that historically we've lost and will not get our investment back at those levels. For me, it's worth the gamble of going more in at a low share price

Why do you think Vitol, Latitude, Pelham and Commerzbank are still interested?

ps. more-in or moron? Time will tell. Having lost £50K at this point, I see that £10K now/soon will put overall breakeven back in sight. 20% increased exposure seems worth it to me.

[humbugg] 04/12/2014 12:51

lets see if they raise the funds. why would you invest in a company who spends 6million per annum for working capital when the mine is closed down???

[librag] 04/12/2014 12:48

Vitol, Latitude, Pelham and Commerzbank don't agree.