Member Info for Jonah58

BLK. Issue of equity in lieu of consulting drilling services. CNL. Attempted clarification of the dispute with TMS from Celamin's viewpoint. Looks fabulously complicated to me! Could take a while to sort this out, but they have requested a trustee to be appointed by the court to manage certain funds until a resolution is made. Will obviously stay in suspension until then, at least.

Look at the share trades. Trivial volume. Meaningless automatic buys of a few shares each. The recent fluctuations in the sp are contrived and of little significance (both up and down). We will have to wait for some movement based on news and with decent volume.

you could hear a pin drop. As they say, the world ends, not with a bang, but a wimper.......

down today! I think they are doing it to make us feel at home....

Morning here in south yorks.

Hi. Welcome to the party. I am sure Duxi will get back to you. Meanwhile you could visit this site. http://bhr-investors.com/ All the best.

all. There is not much to be gained from arguing now; it's surely a bit late for recriminations. The fact is that we were stuffed either way (with or without the refinancing). We were sorely misled by a string of dubious RNSs compounded by the bottom falling out of the met coal market. I have lost £11k and Mrs Jonah has been a tad frosty about it. I will have to pull something out of the bag on the 14th, or there won't be anything left in the bag to pull out (if you get my drift). I appreciate the work people have put in to try and salvage something for us pis. I was a mug to invest here. On the positive side, I have met some extremely decent and intelligent folk on this bb, I have just enjoyed a 5k run in the winter sunshine, and I am not an ISIS hostage. Here's to better investments in the future and good luck all. J58

Eric. Well done! One of my lifetime ambitions is to pay capital gains tax!

The situation with RIG is entirely different from here. RIG's aims are to improve communication, ask (sometimes difficult) questions and encourage PIs to use their vote. RIG is not a pressure or lobby group and, as such, does not represent any collective view and does not purport to represent any individual investor. Indeed investors holding diametrically opposite views about how the company should act in a given situation happily co-exist in RIG. There has never been any suggestion of litigation. I too would love to hear any new proposals and deplore the silence from the BoD, but there is a bit of me that understands why, in view of the investigation, aggressive threats of litigation and intimidatory personal abuse, their lawyers have probably advised them to chose their words wisely and sparsely! That does not absolve them from their statutory duties, however, and I really hope they respond as soon as possible to our offer of constructive dialogue.

Good point. That will definitely increase the value of our allocation, quite substantially.

Thanks. I just thought it might be helpful to see what we have actually sent, how it was phrased etc. I was not expecting any replies, so that bit was tongue in cheek really. Keep up the good work. But at some time, if we survive, the company is going to have to work constructively with shareholders which is a 2 way process. The tenor of these comments should not be misconstrued as my being anything other than 100% behind the action group.

As usual, a helpful post. If the action group are sending letters or e-mails to the BoD, there is preusmably no reason why the content of these communications (and any replies) should not be posted on the BHR action group website? I have found this helpful with RIG who post everything.

I find it quite sad to note the tone of the posts today and over the last few days. This used to be a civilised board. The action group had to be convened rapidly and, to a certain extent, undemocratically, because there was so little time to do anything before the EGM. Under the circumstances, I think they did exceptionally well, and did achieve a lot (resulting in my investment in BHR changing from being definitely worthless to being probably worthless!) Well done to everyone who co-ordinated the vote.. But, as I have posted previously, we are unlikely to make progress by giving free rein to ire and invective against each other and the BoD. We need to concentrate mercilessly on the issues and cool off the emotional stuff. Perhaps we should learn a bit from RIG, who realised from the outset that their membership held many different opinions so there was no point in RIG attempting to represent a unified front. Instead they concentrated on opening a reasonable dialogue with the BoD, asking difficult questions, and encouraging their members to use their vote at every opportunity, thus reinforcing the message that the PIs were not to be trifled with. I think it would now be helpful for contributers to the action group to verify their holdings which were strategically scrambled prior to the EGM. This will clarify the voting power of this cohort of investors (which includes myself) for the benefit of the BoD and others. I am delighted that the group is seeking to open up a productive communication channel with the ceo.The potential for legal challenges, properly thought out and backed by sound legal advice, remains a strong negotiating tool, but only if such challenges are transparently likely to succeed. Meanwhile, personal attacks on other posters of whatever disposition are a waste of energy, disrespectful and damaging to the cause of all private investors.

Our allocation on Sena is expressed as a percentage of its capacity. Work is continuing to upgrade the line which will increase its capacity and hence, pari passu, our allocation.

Your last two paragraphs precisely sum up the conclusions I have gradually come to over the last few months. RK is a miner. If there is some formula that can free him up to do what he does best, then just maybe, there is a way forward. Sadly it looks as though the revolution came a bit too late but, as promised, I have toasted you (Andy) and everyone else with a splendid bottle of wine tonight. Whatever happens, today has been memorable, unusual and, just possibly, seminal in the recent history of AIM. But families in Peshawar will rightly care nothing about our affairs and we need to keep a sense of perspective. My losses are utterly trivial compared to theirs. I wish everyone peace of mind and happy times with their families in the coming days. J58

Apparently they all were. Probably worth checking through the last few pages of posts. Should answer those questions for which we have answers.

Well tried, BRB, but the truth is nobody seems to know anything about "International Tungsten Services"! It seems that they must be some way along they line since they are producing the stuff from surface workings. This suggests they bought into an old operation which became uneconomical when China flooded the market with tungsten. Now that the Chinese supply is restricted, the price of tungsten has risen and the mine is potentially economical again. They seem to be in a similar position to WRES (La Parilla mine in Spain), though that is a surface operation while ITS has a (more costly) underground mine. If you want to get a feel for the situation with regard to tungsten exploration and mining in Korea, you could skip through the "projects" section on Woulfe mining's website. Hopefully, someone will most something interesting about ITS soon. atb

Hi Cookie. Yes, looks interesting. I suppose what ITS is looking for is a listing on the London stock exchange, i.e a RTO as mentioned in the RNS. Presumably there will be an issue of equity to raise the US$13 m once we are readmitted. Tungsten is a strategic metal so there is every incentive for far eastern countries to maintain a modicum of independance from the traditional supplier (China). Good to note that ITS is already producing. There could be a lot of positives here, but probably quite a long wait (mind you, Koreans are not known for dragging their feet!)

My reading (which I accept is bizarre) is that Galp will give us the 3.4 for the license but if we make a shedload at a future date (some chance) we have to give it back!

omg. Swore I would never have anything more to do with Pistol Pete again. But,... 1p is more than I am bargaining for and even old Landau would be hard pressed to shaft us any more than we have been already!