Beacon Hill Share Discussion Threads

[windymug4] 06/8/2015 08:56

if that is the case why have i got a share certificate off of my brokers saying this is a valuble document do not distroy

[jotoha2] 05/8/2015 15:26

windy , you have lost your money as have all other shareholders , there will be no comeback for the company , there are no assets , and why would anybody put new money into this pile , it has been a classic scam by dodgy individuals , who have walked away from their responsibilities as Directors.

[windymug4] 05/8/2015 14:53

ok so india and mozi are in talks if they start mining any type of coal will we see a re-birth of this share or am i wishful thinking and need to give up on getting my money back someone out there should know if so let me know

TA

[targatarga] 05/8/2015 14:07

yes - same old feaces will get the licences and pump them out at the next commodity boom. simples

[oliversanvil] 05/8/2015 14:03

India and Mozambique on Thursday decided to ramp up economic engagement, particularly in the energy sector with Prime Minister Narendra Modi saying the African nation can be a "large source" of coal and natural gas to drive the growth of Indian economy.

[big frankie] 02/8/2015 13:04

For Interest

"The SFO confirmed today that it has opened a criminal investigation into SOMA Oil & Gas Holdings Ltd, SOMA Oil & Gas Exploration Limited, SOMA Management Limited and others in relation to allegations of corruption in Somalia," the SFO said.
"Whistleblowers are valuable sources of information to the SFO in its cases. We welcome approaches from anyone with inside information on all our cases including this one - we can be contacted through our secure reporting channel, which can be accessed via the SFO website."

www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11778817/Former-Tory-leader-Michael-Howard-to-meet-fraud-office-in-Soma-probe.html

[librag] 26/7/2015 19:01

We should have already done that. Do you remember the discussions at the shareholders' action group meeting?

[oliversanvil] 26/7/2015 14:38

Time to put money into an account for legal counsel. Action speak louder than waffling on these BBoards.The BHR directors have been given enough time to come clean.

[oliversanvil] 19/7/2015 20:25

We need to bring only Rowan Kestrel to legal account. CEO of BHR. No one else.He knows what's what and what assets are where. Not being cooperative in this case smacks of corruption.Turn the other cheek! He liked us kissing one side of his buttock. .Now the other side has to be kicked hard.

[knicol46] 19/7/2015 10:35

19 March 2015 from Baker Tilly..

Notice of Intention to apply to end the administration and wind-up the Company
Pursuant to Rules of the Insolvency Rules 1986 (the "IR"), Graham Bushby and I, in our capacity as joint administrators (the "Administrators") of the Company, hereby notify you, as shareholder of the Company of our intention to make an application to court pursuant to paragraph 79(2)(a) of Schedule Bl to the Insolvency Act 1986 (the "Act") for an Order that our appointment shall cease to have effect and the administration of the Company shall come to an end as at the date specified in the Order (the "Application").
We further notify you of our intention to issue a winding-up petition under section 124 of the Act on behalf of the Company in conjunction with the Application.
We are taking the above steps on the basis that we are no longer satisfied that the purpose of the administration can be achieved in relation to the Company. This is on the grounds that following the resignation of management of the Company's asset owning subsidiaries, with whom the Administrators were working in an attempt to realise these assets, it is now unlikely these assets will be realised for sufficient value to enable there to be any return of funds to the Company. Therefore, the Company has insufficient funds to allow for full repayment to secured creditors or any payments to unsecured creditors of the Company.
A final progress report will be issued to creditors once an order has made which will provide further detail on the work carried out by the Administrators and the efforts made to realise value from the Company's asset owning subsidiaries.
This letter has also been sent to creditors and the directors who have until 26 March 2015 to object, after which date we shall proceed to issue the Application.
A Shareholder Action Group is currently in discussions with the key stakeholder regarding potential re-financing of the operation in Mozambique. If you would like
Beacon Hill Resources PLC In Administration contd.
more information regarding this re-financing then please contact Andrew Sim at [e-mail].
The application to Court will note be made until the re-financing options being investigated by the Shareholder Action Group have been fully explored, however any re-financing is unlikely to prevent an application from being made. If you have any queries please contact Benjamin Dymant of my office.
Yours faithfully for and on behalf of Beacon Hill Resources PLC

Phillip Sykes
Baker Tilly Restructuring and Recovery LLP Joint Administrator

[oliversanvil] 19/7/2015 08:29

NEW DELHI: Coal India, the world's biggest coal miner, today said it has decided to relinquish about three-fourths of a coal mine it was allotted in Mozambique.

Coal India Africana Limitada, a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 square kilometre in Tete province of Mozambique.

The company board has approved retaining "54 sq km of leasehold licence area which will be of actual interest with coal bearing horizon occuring within a 500-metre depth and relinquish the remaining 170 sq km area out of total leasehold licence area of 224 sq km", CILBSE -1.88 % said in a regulatory filing.

The decision to relinquish was taken based on Interim Geological Report prepared by CMPDIL, Surely, They must now be one of the bidders for BHR.

[oliversanvil] 19/7/2015 07:40

Now is the time to put money into the pot for legal action!

[oliversanvil] 18/7/2015 07:25

Martin Wheatley, embattled chief executive of the Financial Conduct Authority, has resigned after the chancellor George Osborne refused to renew his three-year contact.

In a move that stunned the City regulator, Osborne declined to renew Wheatley’s appointment to the board of an organisation that only came into being in 2013.

In a statement, Osborne said that ‘different leadership’ was needed to move the FCA forward when Wheatley leaves in September.

‘Now that phase is complete, the government believes that different leadership is required to build on those foundations and take the organisation to the next stage of its development.

[oliversanvil] 18/7/2015 07:22

Where did you get this information? Can you give us a reference!

[knicol46] 17/7/2015 22:08

The administrators have left as theres no money left to fund their bills. The $55m assets on the last balance sheet is still present but no one has the keys to get access to them and management are not saying where they are.

'Following the resignation of management of the company's asset owning subsidiaries, with whom the Administrators were working in an attempt to realise these assets, it is now unlikely these assets will be realised for sufficient value to enable there to be any return of funds to the company.'

Return to shareholder value: 0p

BHR shares will never relist and are worthless. Another stock to add to the collection of stocks that have failed/delisted/bankrupt/fraud this year alone so far.

[windymug4] 16/7/2015 13:06

can anyone put an end to what is goiing on with this share is it worthless if not how do we make money on it and will they go live again please explaine in layman terms as i am not used to all this jargon

[librag] 07/7/2015 19:20

Utter utter utter BS.
You're doing no one any favours. STFU.

[oliversanvil] 07/7/2015 18:59

Film Arbitrage (2012)
Category: Detective/Thriller

[oliversanvil] 07/7/2015 18:12

The Bods walk out(because they could not get their way) The shareholders walk in. "1.2 million shares on it that says its an important document " Majority shareholders are us!

[windymug4] 07/7/2015 14:58

is there any chance of this thing ever been resurected as i have a piece of paper with 1.2 million shares on it that says its an important document anybody know

[cjl2112] 05/7/2015 17:57

Anyone with any updates with the administrators ??

[htrocka2] 05/7/2015 17:49

Margret Thatcher acknowledged that lawyers were just 'milking the system' and on a 'free ride'

[oliversanvil] 25/6/2015 06:57

The tangled web of assets /deceit must be patienty unravelled.

[oliversanvil] 18/6/2015 17:42

They will be brought to justice barstewards !!!!