The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Secured against which mine? We have more mines than claymore on the books. This isn't in the updated Vitol RNS either, and odd that with the amount of if resolutions are not passed the company would go into admin, wasn't mentioned by the CEO or Chairman in their pre EGM campaigns on directorstalk etc. Odd not to mention such a pretty impacting fact that does have a bearing on the company, or perhaps that's why its not released via RNS unless its not factual, if it were should be highlighted in the RNS and plenty of time to highlight it pre EGM to shareholders, odd to mention it today in the news post EGM. Good post from Harpmanpoodle on III that perhaps the $1 means you also have to take the debts and sublease costs. $1 m becomes $21m and a dollar, all guess work just like is the article true as the RNS doesn't reflect that statement.
Indeed, two posts I get a mention from Speculator with legal action again today. the best course of action you can do with this guy is just leave it, or may find yourself on the end of a solicitors letter as he keeps mentioning it. I don't agree with Speculator along with many others, no point in saying much else in response to posts. All that will happen is report you to LSE when he doesn't agree with your posts. They deleted the rants the other day.
You would have thought so
Its missing from these RNS updates to shareholders, can anyone locate the clause in the RNS's? http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BHR&ArticleCode=f1qwhwx5&ArticleHeadline=New_Debt_Facility_and_Restructuring_Update http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BHR&ArticleCode=pg79yhlq&ArticleHeadline=Marketing_Partnership_with_Vitol_Coal
I don't think that the company highlighted this in an RNS, although could be wrong. You would think that something like that would have been worthy of noting in a Highlight to shareholders when resolutions were motioned when this deal for a dollar was done. Considering we have a big thing with risk management, looks like we failed there as well if its true. *Use risk management to help make better decisions http://www.bhrplc.com/riskmanagement.aspx Company gets sold for $1 if it goes to admin doesn't sound like risk management was applied. Could be wrong though.
You can add your comments at the bottom of that piece if you feel that it is not balanced. Good to see that time is taken to give an interview and update the media before shareholders. Rowan Karstel, CEO of Beacon Hill, said in an interview this week that he intended to make an announcement in about 10 days so "shareholders have line of sight".
http://www.miningmx.com/page/news/energy/1648561-Beacon-Hill-to-run-out-of-cash-in-days#.VK03wMlg5J0
Thats correct, if you look at that RNS "The Company's shares will remain suspended from trading on AIM until further notice as we seek to clarify if there are any other viable funding alternatives" No update has been given on if other viable funding alternatives have been looked at or available, nothing has been clarified nothing has been communicated, with seven trading days to go before the company runs out of money. Perhaps the RNS was sent via citilink? Does this type of announcement sound familiar? In October chief executive Dave Smith claimed future commitments from Better Capital had meant “we will complete our turnaround story” and “this business and our customers have a bright future to look forward to together In December filed for administration.
Growth likely to stay strong http://www.engineeringnews.co.za/article/mozambique-economic-growth-likely-to-stay-strong-imf-2015-01-06 Coal shortage looms as 500k miners strike in India, 1.5MT drop affect from strike. http://www.engineeringnews.co.za/article/coal-shortage-looms-as-indian-workers-strike-2015-01-07
Just queried it now with my broker, as of yet nothing has hit mine.
Thanks Mick, nothing on limited voting windows in micro print that looks like a ink blemish at the bottom?
If anyone has a copy of the notification sent late today can they post it so can evaluate what's what. Tomorrow everyone may have things to debate and a flashing red dot with a limited window to decide. Again in order to do this you must register and use your votes, and could be an attempt to split the vote. or it could be an attempt at moving this forward with PI's, we will have to wait and see. No consolidation going ahead so what else do we now have to look at or additional added. Good luck and lets see what tomorrow fetches our way and lets see if that RNS is flashing. Crunch time minus seven.
Thats brilliant stuff, good to see that the CEO knows that its better to have PI's on side Great work by you all for sticking with it as well, all people want is a bit of fairness when all said and done. Nice to see that at least the new BOD were willing to see it from your side as well, where as the old BOD were one sided and look where that eventually got them. RIG is another show what can be done and inspiration to many, including whats gone on so far here. Lets hope others see light what can be done and AIM changes from inside.
Cheers for both confirming your stuff. Interesting, is this the same offer as before rolling the dice on that awful offer with the exception of dilution. Do we have something new to ponder over albeit for a limited time window due to new things happening such as the rail or another event?
Cheers Mick, Lets hope the snail has a bit of Nos in the tank as its seven trading days left to crunch time. Good news on the rail though today before we start to crunch into that time left. Hope all is well with you and RRL.
Your the sublease guru. Whats your sublease take on this news in terms of revenue stream? http://macaudailytimes.com.mo/mozambique-work-sena-railroad-completed-1q-2015.html
More so as the rough date given for administration is in theory seven working days from today. Not even an update on viable alternative funding options have indeed been looked at since the 17th December. Including the one from shareholders. Interesting and good from a value standpoint is today's news on the rail allocation will be at full strength by Q1, this means more incoming value on that sublease and BHR in a new light, quite nice it came out now. 6.5 MT to 20MT is a huge hike in terms of cash coming in so adds value to company if it is to continue or if its to be broken up value to that asset on logistics and rail. The Company's shares will remain suspended from trading on AIM until further notice as we seek to clarify if there are any other viable funding alternatives. Failing this, the Board will, subject to obtaining independent expert advice, seek to put the Company into administration as previously advised to Shareholders."
534 views since it was posted 15 hours ago so people are interested in whats happening with the rail.
As an asset looks that the rail value has significantly gone up on that news. "6.5 million tons to 20 million tons of cargo should be completed in the first quarter of 2015 and cover the full extent of the line, or 575 kilometers between the coal town of Moatize, in Tete province and the port of Beira, in Sofala province."
http://macaudailytimes.com.mo/mozambique-work-sena-railroad-completed-1q-2015.html