Beacon Hill Share Discussion Threads

[oliversanvil] 09/2/2015 18:44

Indeed i have joined the shareholders' action group. Company engineering administration by a suspect pattern that must be investigated by the law. Of course BLATANTLY the Bods are manoeuvring or are being manoeuvred by (? ) ( maybe who has the train set? ) thinking they are ahead of the law! The wishy washy legal loopholes have to be filled,and i believe a precedent will be set this time once and for ALL investors on the Aim

[oliversanvil] 09/2/2015 18:23

Cas Join and find out ! If you are legit ? Otherwise leg it!

[casabella2] 09/2/2015 16:35

What is the latest regarding the action group.

[oliversanvil] 09/2/2015 08:32

Indeed i have joined the shareholders' action group. Company engineering administration by a suspect pattern that must be investigated by the law. Of course BLATANTLY the Bods are manoeuvring or being manoeuvred ahead of the law! The loophole has to be filled,and i believe a precedent will be set this time once and for ALL investors on the Aim

[librag] 08/2/2015 10:40

OA; yes, it's deceitful. There may well be enough evidence to support a class action for fraud and hope for compensation. We'll have to wait and see. The best way (only way) forward is via the shareholders' action group. I hope you've joined.

[oliversanvil] 08/2/2015 08:42

Not declaring income and name of train set sublease is deceitful would not you say.This is just one example of not exposing the nature of the beast

[librag] 07/2/2015 11:47

OA; I'm sorry to say that you're almost totally wrong. A 50% drop in coal price would not be expected to reduce the share price by 50% because producers are leveraged.

Sadly you're on a role against corruption but it won't help you or us get any money back.

[oliversanvil] 06/2/2015 22:27

No Chinese or Indian interest. MY kung FOO T! Make no mistake this corruption has to stop.

[oliversanvil] 05/2/2015 11:40

If coal prices are down by 50% So should the SP? Until the upturn !What have the BODS done with all that money?

[redbike_lse] 04/2/2015 09:19

That isn't what the Baker Tilly website says.

hxxp://www.bakertilly.co.uk/media/news/Statement-re-Administration-of-Beacon-Hill-Resources-Plc-and-BHR-Mining-Limited-UK.aspx

These investigations are currently at an early stage.
The Administrators will be writing to creditors and shareholders shortly, following which they will issue their Proposals in respect of each company, detailing how they intend to deal with their affairs and assets.

As such until I receive an update that details that statement the update on Baker Tilly stands.

[oliversanvil] 04/2/2015 08:43

From another BB Do not know if legitimate ?

Emkaybee 07:33

RE: BHR According to the email I got from the Administrators - Private Investors have Lost Everything !! Quote Thank you for your email, of which I acknowledge receipt. I note your concerns regarding the management of the Company and should advise that the Administrators will be looking into the Company’s affairs in the lead up to the Administration. If you have any information in this regard, which you would like to make us aware of, please do forward it on. I can advise that there are no funds with which to make a distribution to shareholders; we will contact all shareholders should this position change. If you have any further queries please do not hesitate to contact me. Yours sincerely For and on behalf of Beacon Hill Resources PLC Zoe Percy Administrator For Phillip Sykes Joint Administrator Baker Tilly Restructuring and Recovery LLP Unquote.


! I can advise that there are no funds with which to make a distribution to shareholders; we will contact all shareholders should this position change "!.--- POSITION CHANGE! Message timed before SAG meeting next week! Emkaybee 07:33 at what precise time did you get this Email?

[redbike_lse] 31/1/2015 22:30

The site had a glitch this morning, just delete them everyone got those mails.

[librag] 31/1/2015 17:17

redbike; crossed emails. I've already registered. The site sent me some emails this morning and I've been trying to work out what they want. Confused!

From memory, I'm pretty sure the RI would be at the same discount as given to Darwin. Apart from that, you're spot on re. losses. Let's hope that what can be done is good enough. It won't be for lack of trying anyway, nor for lack of support funds for legal attack.

I strongly suspect that the BoD members are personally liable if fraud can be shown and possibly so are the auditors. Legal advice awaited with interest from the site.

[redbike_lse] 31/1/2015 12:07

Libra,

Darwin were the only investor mentioned and why wouldn't they be interested at that call on price, if it was an II would have been mentioned as its significant data, no commerzbank, Pelham, Latitude or Toni & Guy mentioned.
Makes you wonder if they were even invited to the party?
Rights issue was one in three after the dilution and consolidation with no mention on a date or price but guessing it wouldn't be at 85% discount.
Let the share price be unhindered to a point where its a punt and then boom goes the dynamite and we sit and watch it all unfold again in BHR your money is gone.

No date mentioned for the placing or price mentioned and no guarantee that funding would come either. Time that with 500K a month burn to end of March before cash has gone and then lets have a placing for PI's cash.
Happy days at the trough again oink oink oink...the pattern repeats and repeats.
All guess work if it had played out, but you cant argue with historics here.
Lets see what can be done is the best that can be done.


Query should be answered in the mail sent.
Nothing dramatic or sinister just some Q&A's to sort the wheat from the chaff.
You are not the only one nursing a big loss here hence is what I can say so there are a good few people with headaches over this, so among like minded people that want something to come out of this if you want to sign up.

[librag] 31/1/2015 11:21

redbike; on a different subject, I'm looking at requested signups for the site. I've emailed them with a query, but it would help if you were able to answer soonest.

[librag] 31/1/2015 11:02

CJ; you're right there! I won't forget either. My point to OA is that it won't be the administrators' job to start criminal proceedings. That might (subject to advice received) be down to us or heaven forbid AIM regulation / FSA. I suspect that only the former will result in damages to us.

[redbike_lse] 31/1/2015 10:51

Libra,

20,000,000,000 Existing Ordinary Shares and up to 6,666,667,000 Warrants at a price equivalent to 0.0075 pence per Existing Ordinary Share.
Post consolidation get dropped with that lot as a dilution, how could shareholders make money not just the one or two shorters.
while everyone had a 1000/1 adjustment, this lot gets dropped on shareholders.
Only two winners as far as I can see with this, people taking it up and people using the cash for salaries out of it, literally money for old rope as we produce nothing, sell nothing and appear to do nothing either.

If passed all resolutions shareholders would be sunk, and certainly no power in any future vote when they would lower the share price again, place at what they want to who they want, they have looked after shareholders so far haven't they.
"Further dilution would clearly reduce that, if allowed, later."
If allowed went by the wayside on a lowered share price which enabled them to get as far as they have, so they could issue placings like this one proposed which dilutes shareholders out, and Darwin get to offload and we are in the spiral again.

You agree that this is a good thing, the same as the BOD at BHR that shareholders are getting a great deal, I have yet to see one explanation on any bulletin board that shows value for shareholders based on what was proposed.
Great company if you had the nous to short this stock for twelve months, sadly many people invested in the potential for a return on what it spoke of in RNS's.

No one has answered where the March cash call was coming from yet either or when the date for the placing would be and have had a long time to look at it.
That could have been where shareholders get their turn to put in again after their consolidation and dilution with a bit more jam tomorrow to swing it for them just enough to tease their hard earned money to try and recoup some of the losses and what will be coming for their cash, talks in progress, potential investor talks ongoing..yawn..yawn...yawn..

Shareholders deserve a little better than that or at least that's the belief of many. Instead of getting hammered time after time and then offered another battering while the pigs are at the trough ensuring that they are full and remain full and continue to plan to remain full at PI's expense.
The recent behavior by the BOD at BHR shows that perhaps people were right to say no and enough is enough, all just general thoughts that have some weight in merit based on what we know from historics in BHR and also recent events.
I do welcome any good explanation as to why it would have been all so different and so much better for shareholders had the resolutions been passed if your willing to share it?

[oliversanvil] 30/1/2015 22:36

"BTW, some posters seem to think that the administrators are interested in bringing the BoD to court. They're very much mistaken, IMO. It's not their job."
Should the administrators find a substantial discrepancy in asset value.Then the management of BHR will need to engage criminal lawyers!

[librag] 30/1/2015 15:58

£13K'ish? For the time being he would have, yes, I think. Further dilution would clearly reduce that, if allowed, later.

I worry that CJ and others are more interested in payback for the BoD than the chance of making money themselves. For example, if CJ really felt that further dilution was coming, he could have hedged with a short.

BTW, some posters seem to think that the administrators are interested in bringing the BoD to court. They're very much mistaken, IMO. It's not their job.

[redbike_lse] 30/1/2015 12:42

Libra, so to confirm if the vote had gone through with the dilution and consolidation CJ would still be sitting on 13k?
This is also incorrect as all the resolutions were inter linked.
That cash raised from that dilution only would have seen the company to March.
What was the plan then as no one has stepped up now with funds?
PI placing where everyone gets tanked again and three months we run out of cash.
The BOD have not bought in and could have done, pretty salaries for not producing a product and a company cash burn of $500K a month.
Some people have short memories,some people have not based on RNS's that's what makes a good bulletin board.

[oliversanvil] 30/1/2015 10:18

It is not only about the money More coal on the fire of justice for the BODS overt act!






























overt act

[librag] 30/1/2015 10:07

cj; I'm not sure you're right. If you're referring to the 1000:1 consolidation, it wouldn't have made any difference at all to the value of your holdings.

A common, and wrong, misconception.

[cjl2112] 30/1/2015 09:27

AST If the deal had gone through my 13k invested would have been worth 70 quid. Something back hey !!!! I'd rather loose the £70 it go into admin and let's have the administrator take a deep look into what's been going on within the company. There's many here working in the background to make sure it's looked into. If we get nothing hey ho it's worth my chance of getting £70 back go down the drain.

Just hope the admin people do their job properly and bring any crooked dealings to light. The action group is doing a fab job I'd be a little worried if I was on the board of BHR were not going to sit back & take this on the chin !!!!