You may remember Justin Farr Jones of Beacon Hill infamy - the man of the uber dodgy share dealings with his pal the hairdresser (HERE). Apparently he is now a blogger and financial services guru. I'd rather take financial advice from a big issue seller than Justin but each to their own. Check out his - ultra-tedious - blog HERE.
Last week I revealed the curious tale of Beacon Hill Resources (BHR) chairman Justin Farr-Jones and his hairdressing pal. You can read all about it here. Shareholders in this company, shares suspended on the AIM Casino, seem unimpressed.
Shares in Beacon Hill Resources (BHR) are suspended now after an EGM yesterday failed to vote through resolutions allowing dilution to oblivion. The company will probably go into administration. But now I ask Chairman Justin Farr-Jones some questions about his friend the hairdresser.
Ahead of an EGM tomorrow to approve the dilution of existing shareholders to oblivion certain statements made by Beacon Hill Resources (BHR) require scrutiny. Even by the standards of the AIM Casino, Beacon Hill stinks and I explain why. I stand with existing shareholders who - if they have never attended an EGM ever before - head to tomorrow's event and vote against the board and - effectively - for administration. This whole matter stinks, stinks, stinks.
Shareholders in AIM casino listed Beacon Hill Resources (BHR) were almost wiped out yesterday and may still face total wipeout. Who is to blame? What can shareholders so? What should they do? I am sorry but I can offer little comfort here in a podcast on this matter. But I should say that the auditors (BDO) and board have a few questions to answer
Beacon Hill Resources (BHR) has seen its share price tumble in recent years despite making progress with operations in Mozambique.
11 Days ago I tipped Beacon Hill (BHR) at 0.8p – the shares now trade at 1.22p. Now I do not want to sound like a total spiv, but..
111 Days ago I wrote about Beacon Hill (BHR) suggesting that the shares, then .02p – were a buy. The shares are now 0.8p so I was clearly wrong with that tip (see HERE) and apologise. But here’s how to recoup your losses: buy some more at 0.8p.
Shares in dual listed Beacon Hill Resources (BHR) are off a shade today on the release of a quarterly report which essentially says nothing new. But the shares have ticked up in recent days as sentiment towards the miners has become a tad less bearish. I reckon the shares are a buy with a 3p target.
While the spikey nature of the price action at Beacon Hill Resources over the past year as a whole would suggest that this is not a stock to be traded by widow or orphans, what can be said at this point is that in the post-March period there has been some positive consolidation above the 3p level.
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