Member Info for EricDraven

Today's RNS also confirms that MML is wholly owned by the Company. The Company is described at the top of the RNS as Beacon Hill Resources Plc: Beacon Hill Resources Plc ("Beacon Hill" or the "Company") ........................................................ "Vitol's senior debt facility is secured over the Minas Moatize Mine which is held by the Company's principal wholly owned operating subsidiary in Mozambique, Minas Moatize Limitada ("MML"). At this stage, MML has not been placed into administration as the Board and senior management will now seek to work with the Administrators and Vitol to maintain the Minas Moatize Mine as a going concern and identify potential acquirers." Hence I believe MML should also be part of the Administration, as it includes our actual asset in the mine, and it is wholly owned by Beacon Hill Resources Plc. Just my view Andy, nothing more. I find it incredible that it doesn't all fall, or all stay afloat. After all, the value is in the mine, and that's what we shareholders invested in. Regards.

Yes, it does seem clear, so we'll have to see how they can be allowed to do what they are proposing.

Yes, that was my point Andy.

Give it a rest.

Interesting Andy, that MML hasn't also been placed into Administration. The assets can still be sold in the normal way, but it means we won't get anything. Seems extremely underhand to me, but I'm not a legal expert.

Good post.

Excellent.

Good luck to all Beaconers for next year, whatever happens here. This bb has been one of the best to behold over the last couple of months. Warm wishes.

Same to you matey, and Merry Christmas to all Beaconers.

..... FOR a couple of days.....

Not read the bb field a couple of days, busy with the old Christmas lark. Seems I've missed some shenanigans from certain posters. Will have to read back. It'll be my Christmas treat. Ha ha. Best wishes to you and to all other true Beaconers. We made a stand against the annihilation of our investment this year, and it counted. Roll on next year. Things will be brighter for us, if only by way of justice being done. Regards.

Excellent post.

Oops, left the 2 out of your name. Sorry.

Good point Tiff.

This is the link, if LSE permits it to be displayed: http://www.bhr-investors.com

Ok, thanks. Popping out for a while now, will check in later Red. Regards.

A blast from the past there, and unfortunately another untruth. Lol.

Hi Red. I've hopefully just sent you a pm on the site. Email address included. Regards.

I know that you can't divulge everything on the bb and are in contact with each other away from LSE, but please keep us mere mortals updated on any definite happenings. Your time and efforts are much appreciated. Just thinking though. If it seems unlikely that we could see a decent offer, would it not be better to get the administrators in for a full investigation of BOD activity? Or will the FCA do that? With my average, my investment was really lost long ago, but if we have been blatantly lied to and the BOD has been even more negligent than we realise, wouldn't it be better from a moral standpoint now, rather than a financial one, that those in charge are placed under proper investigation? I guess I just don't want the BOD to come back with a better offer, and for them to think that's ok, everything will be fine. In view of particularly recent events, I wouldn't like to think that the BOD members will continue in these positions, either at BHR, or anywhere else. Their behaviour has been vile and unscrupulous to say the least. Regards.

He will be if it wasn't Larko's money.