Biffus31 Mar 2010 23:05
Hows things going? Good to catch you again. First things Bhr had a second adjournement on the 17th March due to an objection in them obtaining the licence. It went back to court on the 24th and the objection was withdrawn. Efectively once the paper work (standard procedures now) they have a licence. The only issue which appears to have caused concern is the fact that they have proposed a meeting with shareholders on the 7th April to disccuss consolidating the number of shares to 25-1 on the 8th April. This seems to have panicked a lot of people. Bhr's idea is to attract bigger investors who stay away from sub 1p shares. I honestly wouldn't now know when would be best to buy before consolidation or after. My gut instict would be to let the dust settle and wait until after the 8th, however it is very low now. Perhaps Take a review on the 6th & 7th.
I have mentioned before all though my biggest holding is Bhr I do hold reasonably well in her and im probably inclined to say im more comfortable now with her. Having been talking to a guy under corbine today he made £120,000 from txr when he bought in low and holds 10 million in her so even more confident now. He sees the same pattern. They have far less shares in issue under a billion and have 14 licences and are coming across fantastic resources of good quality all the time. We have drilling updates early April and plenty of news through until June where all results are promised if on target. Great formal management team too. Take some time and check out there website www.herenicaresources.co.uk. They are still very cheap at present and will hit a penny by the world cup I think.
Im going to try and hit a few higher priced penny shares as I think I have so many under 1p shares. I went for the potential but I think 2 or so of these is enough. I Have Bhr, her, Pyc, Hml and Ppa of the minnows so a bit overloaded. Bought some Btc yesterday but will be loading future profits in to her and some blue chips I think. Its been a quiet first quarter for me so haven't banked what iwould have liked too.
What do you think we are going to have wait for here? We have been very patient here so I do hope its worth the while. Surely we will get an Rns in April?
Good luck in what you decide with Bhr