George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ive lost about 3 - thankfully made up on CEY and elsewhere. I think the NO vote was pretty reckless. £300 would have been better than £0.00p
I agree No vote kills us. I am lucky and only a grand down. I feel the pain for others who lost a lot more.
The key wording in that Web Link is "subject to the usual priorities of Insolvency law" Private Shareholders come at the very bottom of the pile, After Secured Lenders, Preferential Creditors, The Administrators, Any Wages owed to workers etc etc etc....Private Shareholders are NUMBER 10 on the list (I can provide the full list of priorities 1-10 if you want)....ie the bottom of the pile. In fact if the Directors have some sort of Share Redemption Scheme, then believe it or not they would get any remaining money before shareholders as that is priority number 8. Hate to say it but the NO vote has guaranteed ZERO Return for Private Shareholders.
Sorry but who are you where have you been for the last 12months??? people are working very hard here....
All our money gone cant see us getting a bean back. Joke
Cheers red I forgot to take my tablet Duuuuuuuuuuuur i'm in thanks
Even with the (verified user) ?
I can't get on our action group website won't except my log in name??
has a day been set for the meeting ,its just i dont know if it has or not.
I would like to go to the meeting also ,obviously depending where it is
Yes, cheers.
I think you have been mailed Eric, check your inbox
Hi Red. Please make sure that you include me on the distribution list. You already have my email address. Regards.
Emkaybee, That isn't what the BT website says, when I get a notification saying I have lost everything is when that becomes a reality, same as all shareholders. For that to take place all assets would have to have been located and valued and even sold to work that out if there were any coins left for anyone to pay with. To do that in world record time would be some miracle. http://www.bakertilly.co.uk/media/news/Statement-re-Administration-of-Beacon-Hill-Resources-Plc-and-BHR-Mining-Limited-UK.aspx
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.
Hi conionski Please will you send an email to bhrshareholders@outlook.com and we will respond and add you to our distribution list. Thanks
Hi georgee1 Please will you send an email to bhrshareholders@outlook.com and we will respond to it and add you to our distribution list. Thanks
hi andy could you put me on your list im a long term shareholder who not happy
Having trouble registering, tells me my email address is already used, of course it is its my wifes I don't have one. George.
Were for sale come and buy us.
Have done - have copied in BHR ShAG too.
Go ahead i have not sent it so if you could would be great .
If no one has yet passed these details onto the admins, I am happy to copy and paste into an email to them...please could someone flag me up if this has already been sent so they don't get flooded with the same info. Thanks
There are some very good contributions below and I would like to think these could be passed on to the Administrators and they pursue all these avenues since part of their remit is to save the company. This quality coal lies awaiting extraction and with the prospect of rising prices should bode well in the very near future.
Mr Nirmal Chandra Jha the Director-General of IVCL Mozambique said that Indian consortium International Coal Ventures Limited (ICVL) plans to invest USD 2 billion in Mozambique, including construction of a power station. Mr Nirmal Chandra Jha said that the amount includes a project to transform coking into liquid fuels, in addition to mining within next three years of 13 million tons of coal annually. The consortium was formed in 2009 as a “special purpose vehicle” for state-owned steel companies, Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL), the largest producer of iron ore, National Mineral Development Corporation Ltd and Coal India with a registered capital of INR 100 billion. In July 2014, the consortium signed an agreement with Anglo-Australian group Rio Tinto to buy a 65% stake in the Benga mine and 100% of the Zambezi and Tete Oriental mines in Tete province, Mozambique for a total of USD50 million. ICVL has already sent 3 shipments of coal mined at Benga for SAIL and the RINL, and has plans to send 5 shipments this year. To achieve economies of scale, the consortium decided to build a factory for transforming coking coal into liquid fuels, a thermal power station with a capacity of 300MW and gradually increase coal mining up to 13 million tons in 2017.