Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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We haven't lost yet we have a great team working on it? something could come out of administration if they find out what's been going on? Duxi
Just hope they can balance the scales in our favour for once, it seems this share has been played around with for far to long.
Hi ive also lost 12k in this con BHR
I believe most privet investors have their money in hedge funds, but they do look very fetching in their make up.. ATB.
On the 23 September 2014 BHR released their interim results which showed net assets of $55 Million. According to BHR management these assets have just disappeared or suddenly became worthless from the suspension date 17 December 2014. Its now in the hands of the Administrators to decide what if any shareholders are to receive. Any updates will be posted on the Admin website: http://www.bakertilly.co.uk/media/news/Pages/Statement-re-Administration-of-Beacon-Hill-Resources-Plc-and-BHR-Mining-Limited-UK.aspx
Just got the letter off hsbc company now in administration i take it my money gone for good now.
Thanks for your very kind words and support again, I appreciate it, as it seems I am always being attacked, I've had it on the FITB board too, simply because I prefer to post what I feel are realistic posts and not the hype the share for the sake of raising the sp as some seem to like to do. I am a supporter here, but I think everyone has to be patient and await the administrators findings. In the meantime, as I said before, I think everyone should post whatever information they have big or small, to the administrators because for them it is a bit like a crime scene. They have to wade through all the paperwork, try and piece together what assets there are, where some have gone, etc, and I am not saying it has happened, but I remember a case I was involved in years ago, when I was young (those were the days!) and my clients husband moved every asset he had offshore, and once that happens, it becomes so difficult to trace things, although technology these days may help such situations more now. The administrators are at the start of a jigsaw puzzle, and they may be missing quite a few key pieces, so tell them what you know, cold hard facts, and let them piece the jigsaw together. If you don't tell them, they won't know all the history and the goings on. They are like the detectives making house to house enquiries! They may not knock on your door so knock on theirs! I again say be careful as and when the time comes, if it comes, to considering litigation. It can be costly and can so easily backfire and if you put your name to it, you become liable If it falls foul. Be sure to know all the pros and cons before making a decision as to whether to join in or not, if an action is proposed. If you can't afford to take the risk of losing, don't take it, litigation is like AIM, it's a gamble, but make sure there are very good prospects of success and ten only take the risk, if you are prepared to take just that. Litigation101 is probably lying on a beach right now in some far off place but if these administrators are thorough, and Baker Tilly have a very good reputation, then that sand might just start to sink! Finally, even you Duxi, email the administrators and tell them how you feel, and what you know, and that includes all the pensioners who have lost so heavily here, you have a right to be heard, however painful it may be for you. GLA.
I believe speculator is on our side. Speculator was the first person to suggest we explore the prospect of litigation months ago and has been very constructive making some salient points. We are all in the same boat and i hope we can salvage something. Speculator has distanced themselves from the poster called litigation who seems a dubious poster. I support ARK as they have worked tirelessly to salvage something from this mess. They have gone above and beyond and i am hopeful. One thing i will take away is that i will invest in the ftse not aim. 'Regulation,regulation,regulation'as blair might put it.
46 i'm ok thanks. All that can be done is being done I have great faith in A R K patience is needed GL buddy
duxi will do its just every way this company has been run does not add up. Any way duxi hope you are well and good hope we get news soon .all the best.
46 don't bite he is one of them leave it to A.R.K
but i guess they know what they are doing and will look into every corner of there dealings .
It's a very valid question and statement you have produced to put to the action group, to ask them to put the administrators, or even better, send an email yourself to the administrators, their details are on the Baker Tilly site and I think they have been mentioned on this board as well. If you don't ask, you will never know.
Did we really need the new wash plant ,i dont think we did we were already to produce but did not .we could of waited for the price of coal to improve before trying to buy yet another wash plant.What ever way you look at this it stinks.
BIG question why we never produced ? Botswana Coal Companies See Output Without New Rail Line By Mbongeni Mguni Jan 26, 2015 11:28 AM GMT 0 Comments Email Print LinkedIn Save Coal explorers in Botswana are pressing ahead with plans to start production and use existing rail capacity to ports in South Africa and Mozambique instead of waiting for a line being built to Namibia, the mines lobby said. “You cannot sit down and wait for the Trans-Kalahari Railway; that would be a disaster,” Botswana Chamber of Mines Chief Executive Officer Charles Siwawa said in a Jan. 21 interview in Gaborone, the capital. “The thing to do is to move on the available capacity and all of them are trying.” Namibia, on the continent’s southwestern coast, and Botswana are jointly developing the 1,500-kilometer (932-mile) Trans-Kalahari Railway to transport coal from the east of the landlocked country to markets in China and India. Mozambique and South Africa, the world’s seventh-largest coal producer, have offered 20 million metric tons of annual railing capacity to Botswana. Producers in Botswana will rail the fuel to the port in Mozambique’s capital, Maputo and Richards Bay in South Africa, Siwawa said, without providing more information. The coal terminal at Matola in Maputo has capacity of 7.5 million tons annually, Grindrod Ltd., the terminal operator that’s continent’s biggest shipping company, said on its website. Richards Bay Coal Terminal Ltd., the world’s largest export facility for the fuel, is on South Africa’s northeast coast, with Glencore Plc as the biggest shareholder. Grindrod operates the Navitrade terminal at Richards Bay with RBT Resources (Pty) Ltd. and is developing this into a fully mechanized coal facility with eventual capacity of 20 million tons a year. Excess Supply The production plans come as global supply of the fuel exceeds demand. U.S., European and Asian price for power-plant coal, which Botswana has, the have fallen for four consecutive years, while the metallurgical variety, used to forge steel, has dropped for three. “Sitting back and waiting for the coal price to improve is unwise, as we believe we have hit the bottom now and the only way is up,” Siwawa said. “Producing now would help them work out the logistics when the Trans-Kalahari is developed as you cannot simply wake up and supply the 60 million tons per annum it will require.” Of the seven coal companies active in Botswana, two are at exploration stage and four at pre-feasibility. Jindal Africa, a unit of India’s Jindal Steel & Power Ltd. (JSP) received a mining license in August and plans to start production for export next year. Shumba Coal Ltd., Hodges Resources Ltd., Walkabout Resources Ltd., African Energy Resources Ltd. and Minergy Ltd. are among the companies.
I agree, there needs to be some proper regulation on AIM, and a safety net in the same way if you invest up to 85k in a bank, and something goes wrong,but until then, we have no such protection, and the risks are our own.
An they have my full support to.The BOD need to be held accountable for there actions,not just blaming bad coal prices,.I,M,O,P this share price has been brought down deliberately over the last couple of years for exactly this purpose cheap assets and shaft the privet investor out of there savings its no more than a disgrace.As for the law it should be changed to protect privet investors more from rouge directors and asset robbery.
Then that's good, and I'm sure they will do all they can, but just make sure you know all the pros and cons before signing up for any court action that's all, IMO. Best of luck.
..They have my full support. Ho Ho bye.
Litigation101 is not my mate. As stated, it looks like I rumbled him and it was JFJ being obnoxious. Duxi for the record, I know what I am talking about, but unfortunately the action group decided not to listen, and so if I were you, I would not put too much faith in them, because they left everything too late. It is now down to the administrators, pure and simple, to decide what assets the company hold, what needs to be sold and as quickly as possible to realise debts, and then, if anything left, to make a payment to shareholders for the rest, but that is looking hugely unlikely IMO, and don't forget, the administrators have their fees etc, which will be colossal to come out of any funds, and as there is no NOMAD either, the future, to my mind, looks rather bleak, so as I think you have done, the best way to view this is that it stands as a loss, but if anything should be recouped, then that would be a bonus. At the moment, I don't see that any of it justifies the colossal expense of a class action, but only that can be determined once the administrators have finalised their role and as I have said before, if legal proceedings are taken, it has to be borne in mind that should the class action fail, all those who become a part of it, would be liable for the costs and for damages to the company, so it shouldn't be lightly, nor in the vein of let's jump on board, because all litigation is risky and you must insist you know all the pros and cons before making your mind up on that one. Best wishes.
It's not rubbish, but think what you like, I really don't care.
Hi have a nice day .. Where is your mate he wont be far away spouting rubbish.
I've just had a secure message from HL to confirm company in administration etc and ..."Therefore it is expected that the listing will be cancelled on 12 February 2015". Thought I'd just let you know, although I know this is old news so to speak. They do state any shares held in an ISA have to be moved to another account obviously I assume for tax reasons.
Hi All, I just wondered if there was any news that our A.R.K team could tell us about ? i know most info is sensitive and understandably that way to further our cause. Dreading the day those shares disappear from my account for good !! :-(
Thanks once again A.R.K and all others.The BOD could learn a lot from the action group loyal and had working for all the shareholders. Good work everyone behind the scenes. There are a lot of shareholders if not all that will support us .good luck all