Member Info for AndytheMKDon

No communication by: wronged ( 07 Jan ) he is very angry,really talk to your shareholders you have flushed there pensions own the toilet. really lost for words. reply » Conduct in question by: jammy dodger ( 07 Jan ) Shareholders have been supportive up until the last resolutions and ignored by BHR. The CEO can find time to chat on the future of the company and detail when the update will be, is that not market sensitive information leaked? No wonder shareholders want this company and its directors gone, that is really quite appalling in terms of conduct, lets hope that someone looks into this. reply » No communication by: AngryShareholder ( 07 Jan ) Nice to see the CEO chats to the media before shareholders - shareholders have received no communication from Rowan or JFJ despite open dialogue being offered and an alternative finance deal being offered to the BoD! reply » No answers from the Chairman by: RAF Chappie ( 07 Jan ) http://www.shareprophets.com/views/9627/beacon-hill-resources-tell-us-about-the-hairdresser-mr-farr-jones reply » BHR EGM - Why shareholders voted NO. by: S Tinker ( 07 Jan ) http://www.shareprophets.com/views/9588/tom-winnifrith-bearcast-special-beacon-hill-resources-this-stinks-to-high-heaven reply » The Chairman of BHR by: Toni Guy ( 07 Jan ) http://www.shareprophets.com/views/9689/99-of-beacon-hill-shareholders-want-chairman-justin-farr-jones-to-resign-at-once-and-the-fca-is-investigating reply » Voting figures by: Moatize Milk company PLC ( 07 Jan ) No actual figures on that breakdown have been released. The article is light on events surrounding the EGM vote that would make good coverage for readers to take a balanced view on why the no vote took place. reply »

"He is Angry" by: alby ( 07 Jan ) Well I be, "try being me for a few seconds, My shareholding in BHR is now worth 11Pence yes not a misprint ! 11 pence !! Swap places with me and you might understand how we as shareholders feel. reply » More skeletons in the closet. by: hairy guy ( 07 Jan ) "In terms of its finance agreement with Vitol, the trader has the right to buy the company's mine out of administration for $1." SHOCKING reply » BHR joke management by: doctorwu ( 07 Jan ) In the 2013 annual report from 27th March 2014, Farr-Jones writes... "Despite a challenging global environment for coal producers, the year under review was transformational for Beacon Hill Resources’ main project, the Minas Moatize Coal Mine (Minas Moatize), operated by its wholly owned subsidiary Minas Moatize Limitada (MML). The new executive management team made an immediate impact delivering both key strategic and operational milestones and a substantial improvement in financial performance compared to the 2012 reporting period. Some of the most notable achievements included:..." Utter bare-faced rubbish. Go back to the strategic update of 3rd Dec 2012, when the new regime layed out its plans. "-- Minas Moatize Expansion Strategy: Targeting a phased development strategy which delivers a significant reduction in proposed capital expenditure going forward to achieve plant capacity of 1.8Mpta ROM in January 2013 and 2.8Mpta ROM by December 2013. -- Coking Coal Strategy: Mining activities will initially be focused on high value coking coal shipments following the completion of the wash plant upgrade, with first production from February 2013. The ramp up of export production from Minas Moatize will be phased to match Beacon Hill's rail capacity. It is now 18months later and they have had a rail allocation for months now. They still haven't shipped (sold) any coking-coal whatsoever. Indeed further mining has now been suspended until 2015. Amazingly this equates to 'notable achievements'. Instead, they have continued to dilute shareholders with insatiable spending, going even so far as to acquire an early stage iron-ore asset, to add to the already useless additional unexplored coal asset that Justin Lewis bought. Really it is quite incredible, when you consider this was one of the earliest small-scale producing coal-mines in Mozambique (perhaps the earliest), and had 2+ years during the coking-coal boom (with an offtake agreement and trucking strategy) to ship coal to India. Now years later, still not a single tonne of BHR export coking-coal has ever passed through the port of Beira. Personally I doubt there is even a snowballs chance in Hell, of the current management ever landing their flying-saucer on planet earth again. From this SP point their main concerns will be mostly about the size of their golden goodbyes...

http://www.miningmx.com/page/news/energy/1648561-Beacon-Hill-to-run-out-of-cash-in-days#.VK03wMlg5J0 Desperate men and desperate measures spring to mind...

Paragraph 1. Share holders narrowly defeated the vote!! I don't think so given the antics prior to the vote. Paragraph 2. Announcement in 10 days time!! Really!! If you have something to say, say it now via RNS, what's this a game of "I spy" ?? People's lives are at stake here Mr Karstel whilst you play King Canute... Paragraph 3 + 4. $1.5m fund raising will only last three months given the cash burn of $550K per month then what? Another 100bn shares and 1000 to 1 consolidation?? You claim 69% support, I guess that includes the 560m shares the hairdresser holds. Without them you would have struggled for 50% of the vote. Paragraph 5. And I quote "You were voted down by a small group of activists" !! Shall we re-phrase this, without the 560m bought votes you were voted down by 50% of shareholders.. Fact.. "Small group of activists" is this how you regard your shareholders. ?? Paragraph 6. You turned down and offer of $231m when the company is now valued at $1.76m... Good move!! Sound economics..löl.. Paragraph 7. Where in any RNS or company statement has the $1 buy out clause been stated before?? D day is coming Mr Karstel be careful what you say.. Why would you gloat on having signed a deal to gift the company away?? Paragraph 8. You met your key performance indicators.. Really.. The most significant KPI of a company is its share price, during your tenure the SP has gone from 20p to 0.01p !!! Which KPI's did we meet?? The milk being delivered on time, the pigs being fed regularly, do you live in the real world?? It embarrasses me when you even mention KPI's. Previous management might also have something to say about the bad hand of cards you claim they left you!!! Paragraphs 8+9. Another $20m required to get to tier 1 cost production, what happened to the $80m raised from placing's over the last two years?? And finally we're asked to believe our assets are worthless, in your interview you mention 3.2mtpa and $120/t.. Now my maths suggests $384m revenue per year (your figures) and yet you can't raise $20m to fund the investment, maybe you and current management are the problem not the assets??

Ignore it... Which reputable CEO would have allowed his company to be transferred to an investor who only put up $10m against an asset worth $200m + only three years ago, and still is now, unless they are totally incompetent?? If Mr Karstel or Mr Jones put their name to such a deal and didn't publish it at the time (now trying to smuggle it under the radar for CYA reasons) it will be viewed as commercial negligence if this should eventually reach court. Are there no depths these guys won't plumb to try and dispirited share holders who have scuppered their nasty little plan?? I'll take a look at the fable published today by "our beloved CEO" and put the alternative view to his "special" interview on miningmx today.. He's angry bless him !!! By the way, no reply from him yet despite our offer of dialogue to discuss near term funding needs to support the company.. Strange that given their RNS on the 17th of December when they mysteriously suspended shares to seek and I quote "whether any alternative proposals and/or sources of potential funding are obtainable" !! Clearly didn't mean investors..!! Hello McFly???

Same question why are you here?? At your own admission you know nothing about the company and say you are happy.. Yet continue with a confrontational approach.. Have you asked the board of directors about their shortcomings, why don't you enlist your skills for the benefit of the small guy as you claim to have done for 28 years.?? Anyway enough of all this.. Beer time!!!

Why are you here?? What's your agenda, surely countdown must be more interesting than this?? Why are you not asking questions of the board of directors.

As I said, what did you do to help the cause? Now you try and take the moral high ground with the hindsight glasses on.. I repeat we were going to be wiped out by the resolutions, the only option open to us was to campaign to vote no. Please don't give me all the pomp about "giving pensioners a false hope", how condescending are you. We gave people here the only hope they had, and still have, of getting something from this debacle. Your wise words are misplaced by inferring we have somehow failed investors, why are you not asking these questions of the board of directors who are truly responsible for this shambles due to their mis-management? You are attacking the victims not the perpetrators, I thought your legal background stated below was to protect victims.??

The whole company approach to the general meeting has to not give shareholders any time to react, they thought they could ride rough-shod over us before we had time to blink. Undertaking legal actions takes weeks if not months, we had just a few days to do something. The situation here is very different to RRL, RRL were not proposing to wipe out private investors as BHR planned to do. Hind-sight is a wonderful thing, I would be really interested as to how you feel we could have 1) Stopped the company from wiping us out with the resolutions, other than to vote no. 2) Brought them to the negotiating table when the last thing they want is private investors. Do you not get it they tried to reduce the 80% holdings of private investors to 3% post 17th of December. To them we are the enemy preventing their nice cosy arrangement to transfer our asset to their institutional friends for a song. My final comment to you is words are cheap.

There are some calls to involve BHR's solicitors regarding our offer and also the expectations of what rules the company should have followed, lets outline who we have informed; (By the way their solicitors will do what they are told, he who pays the piper calls the tune) 1) The CEO 2) Their Nomad. 3) Their brokers. 4) Their PR company. 5) Aim regulation. 6) The FCA. 8) All mainstream bulletin boards. 9) The Sherriff of AIM. What's the companies line?? Radio silence, hunkered down in the bunker... We had communication after the vote from one of the members of the BOD and I quote, "Shareholders will make a bit of noise for 48 hours and then give up"... Really..!!! How much more do some people expect us to do?? Well, despite all the above we have had a meeting with the private secretary of a sitting member of parliament who interestingly is in the industry department. I have requested an audience at his weekly constituency surgery at his earliest convenience. The BOD of BHR need to open dialogue with its shareholders. NOW !! As every day goes by we hear about more value of our assets, today we learn the total rail capacity will increase three fold, given we hold a percentage of the allocation our allocation will increase three fold too !! Vale have subleased our trains based upon a previous 500,000 tons per annum, this will increase to 2,000,000 tons per annum soon i.e. almost all of Vale's current coal output !!! Don't people think it a bit strange that at a time when the Japanese / Indians are signing mega-deals in our back yard, and our logistics capacity is set to be three times more valuable than a few weeks ago that the BOD took the opportunity to eliminate private investors??? Some will keep maligning the activities of the action group, but believe us when we say whilst we can still draw breath we will still keep fighting.. Yes, we are not perfect, but compared to the actions of the directors of BHR at least we can say we are honest...

Just to keep everybody up to date, on the 2nd of January and following consultations, we made the following offer to the CEO, as of yet we have not had a response. We would find it incredible if they pursue their intensions of receivership without first talking to shareholders. Dear Mr Karstel, Firstly let me wish you a happy new year. Having attended recent meetings and now actively working on behalf of the BHR Action Group we would like to discuss the following items and would urge you to respond. There is no apparent reason as to why the stock is still suspended, it makes no sense, we might even get a pleasant surprise when the shares are re-listed as any increase in share price would ultimately mean less dilution going forwards. The share register has been requested, legally you have to submit it within 5 working days of the request or obtain a court order identifying why you are not prepared too, you have done neither. We have requested the voting numbers at the EGM, to date they have not been published. We would like to open dialogue with the company regarding private investors taking out a rights issue to support the company’s working capital until the proposed funding is secured from the DFI. We would envisage raising substantial funds and in return to take a significant ownership of the company. We would most likely seek the appointment of an individual nominated by shareholders to join the executive board. If, as you have stated within the meeting in December, you are committed to seeing this project / company through to profitable production, we cannot see any reason as to why you would not be supportive of investor involvement for the greater good of all. Everything appears to be “hotting” up in the region now, given the recent substantial investments from Japanese and Indian companies, it would be a shame for this valuable asset not to return future profits to shareholders and institutional investors who have so loyally supported the company until now. We look forwards to your response and a suitable date as to when we can convene a meeting. Yours truly,

I've got your message passed through to me. many thanks. we will advise when we have set up the meeting in London. We are now trying to sort out dates and a venue. ;+) Andy.

Thanks for messaging me I'll take a look in the morning when at the desk. ;+) To view mail log into action group website, click on your own name / profile and on the drop down list you will have mail as an option. I'll check the website to ensure it working ok. ;+)

Many thanks but believe me when I say many others are putting in huge efforts and heaps of time too.;+)

Range Resources planted some posters on bulletin boards to counter the action group their. However they were found to be working for the PR company and broker, they were dismissed from their positions, likely to never work in any capacity of the city and share dealing again. Thanks for the on-going support. ;+) andy.

Happy new year too.. We would welcome all help people can offer. Please private message me through the action group website. ;+)

I believe yesterday you were maligning people for unconsidered posts, and then you post what you just did.. Unbelievable. I strongly recommend people report your post, I have. Regarding registering a company, no need to already done. As for the, what are our credentials, I'd list the main one and that of many others on here as "having a spine to stand up for ourselves when we were about to be wronged". I think that's a fairly good motive don't you?? Did I read earlier you had spent 28 years working in a legal capacity, if so, I'm shocked.

When we get official replies, then for sure.

The action group is no dictatorship unlike the efforts of the BOD to reduce our shareholdings by a factor of 1000 to 1 whilst issuing 100 billion shares to instituitions. How can that be deemed democracy? ? Whilst the action group was formed very quickly due to the timescales dictated by the directors of the company the group is now becoming a wider church enlisting multiple skills for the next steps. Quite rightly we are taking time to qualify the credentials of the growing team to ensure we are not compromised by individuals with ulterior motives. We have attempted to engage the management of the company on many occasions, we now hope they react positively to our latest proposals.

Legal recourse is of course a possibility, however the things which need addressing immediately are; Why is the share still suspended there is no legitimate reason as to why it is. Why have we not been given the shareholder register, it is a legal requirement for the company to submit it within 5 working days of request or come with a court order as to why they won't. Why have they not published the voting numbers from the EGM. Why is Mr Jones not answering any questions in regards to alleged irregularities surrounding our "mystery shopper" four days before the vote. We have now approached the CEO to request meetings to discuss the future of the company and the desire of the action group / private investors to help the company seek solutions to the current funding impasse without further recourse to Wonga loans. On a separate issue everybody needs to listen to Tom Winnifriths podcast, he raises some very valuable points in regards to AIM and the directors activities within it. He has made it his personal goal to see fraudulent acts on AIM brought to justice, number 5 on his list is our very own Mr Farr-Jones, I pretty sure I wouldn't want TW trawling over all recent decisions and actions.. http://www.shareprophets.com/views/9799/tom-winnifrith-s-ny-sheriff-resolutions-and-the-10-least-wanted-men-on-aim-bearcast