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A massive thanks guys. If we get anything back, you will deserve a drink and I will be first in the queue.
Thank you for your e-mail of 13 January 2015, copied below, regarding Beacon Hill Resources PLC (‘the Company’). AIM Regulation is the department within London Stock Exchange that is responsible for the regulation of AIM. AIM Regulation investigates all complaints made as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies (“AIM Rules”) and for Nominated Advisers (“Nomad Rules”). We note the questions/concerns you have raised. In this regard, please note that our remit is the AIM Rules and Nomad Rules. Accordingly, a company’s commercial decisions such as issuing shares or entering finance arrangements are matters for an AIM Company’s board to determine, having regard to relevant corporate law (such as directors’ powers and duties to shareholders) and not within our remit. Similarly an investor’s decision to subscribe for shares in an AIM Company and the exercise of related voting rights at general meeting are not within our remit. Suspicious transaction reporting, concerns regarding market abuse and the Code of Market Conduct fall within the remit of the Financial Conduct Authority (“FCA”), to which we note you have already addressed your e-mail. As indicated above, we can assure you that AIM Regulation investigates all complaints that relate to potential breaches of the AIM Rules or Nomad Rules. However please note that for reasons of confidentiality we are unable to update you on how matters are subsequently dealt with, nor can we provide you with information on the outcome of any work that is undertaken pursuant to your concerns. You will appreciate that confidentiality is essential in maintaining the integrity of our work. Thank you for bringing your concerns to our attention. Kind regards
Red bike , fully understand and thank you for your reply, best of luck to you and your team and I hope that we all can retrieve some of our lost cash. I will register this evening. Fully appreciated thank you.
Register on the shareholder site and then at least if this closes down, which it will if it delists. Once it comes to crunch time, all shareholders will have to prove who they are. Just keep in mind that the action group site most likely has moles on it already. No one is promising anything now, but rest assured people are trying their best.
Big Thank you for all your efforts, I really hope we get some where with this as loosing my investments here has hurt. Appreciate all your efforts let hope we get a result. Keep up the good work. Regards,
Please could someone assist me, Do I need to register with the BHR Action Group to have any chance of receiving any of my investment in this company. Having previously experience a similar situation with Yell (Hibu) a couple of years ago when I registered with their Action Group and received absolutely no joy. Boy, I did not think I would be venturing down the same road twice. Poor judgement on my part . Any acknowledgment would be greatly received.
Thanks to you all,for taking the time to help all the share holders. Not just the selected few like those A holes the BOD. Decided on!!! Regards
Andy and the other key members, THNX THNX THNX . We are all supporting you ,if i can help ,just ask. Cheers
Andy, Red bike Katy et al and we owe you a bleeding good night out. TBA
Andy and the other key members, I would just like to say thank you for fighting our corner and meeting with the administrators, please don't think for moment that you're efforts are not greatly appreciated, I hope an update will come soon but I totally understand things have to be confidential for now, please keep us informed, not sure what I could do to help, but feel free to ask if you think I can help with anything. Kind regards
Thank you for the update. Without giving anything away , would you say it was positive ?
Thanks for the update - understandably you keep it confidential. My view is this will get nasty as time goes on, be prepared for a big spat. I emailed Katie on the investor action email. I am pleased to help in any capacity I can - re: my email and particular offers of advice - keep going we are all behind you - UP
Thank you andy for the update and everyone else involved, hope there is light at the end of this long dark tunnel.
Just to let everyone know that meetings have taken place with the administrator, we also have others planned with regards to various other aspects of the company. For obvious legal reasons we are unable to disclose the contents of meetings until their disclosure is permitted. We would like to thank everybody for their patience and on-going support. Andy.
hi duxi im sure it will take a couple of weeks at least there is a lot of information for them to work through.we want them to do a thorough job after all .
Any idea how long these administrators take to give there results?
Bckttsim i was thinking along those lines to,i am sure amin would have to look into all the assets even the valuble one that jones and vitol seem to want so badly.
Investigating why it failed........should be interesting . However as MML is not in administration, so will they be able to look into that ? And what else isn't visable I wonder ?
So far it looks like no regret has been shown to shareholders in any way shape or form, RNS doesn't read that way when you consider its $80M wasted, where does it say this in the RNS? "Beacon Hill regrets that it failed to find any viable source of funding" Regret: 1.feel sad, repentant, or disappointed over (something that one has done or failed to do). RNS says this, it may be a small point but no mention of regret to shareholders. "the board of directors of the Company (the "Board") has been unable to secure any viable alternative funding for the Company" This does not sound like regret from the RNS if we look at the definition. Regrettably, in light of, inter alia, the Company's significant liabilities and prevailing adverse global coal market conditions, the Board does not currently anticipate that the Company's shareholders will receive any proceeds in relation to their ordinary shares from the administration process. Could be how people interpret the definition, but a valid point none the less already touched tonight by a few.
Says it's only asset is the mine
I cannot spot the mistake - is it that the mine is a separate entity? - UP
What has happened to the rest of the assets one wonders ? Let us hope it's a typo !
http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=2147486546&tipo=one
i think thats how you differentiate between man and beast, if they show no remorse there beasts or was it greedy pigs, i am not sure now.