Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
wise words as ever from Tom .
As a former holder a while ago I sincerely pass my condolences to current share holders …….. loyalty can be a very cruel master indeed . Put it down to part of your 10,000 hours to become expert at investing , dust yourself down and move on . Its so hard not to become emotionally involved in a company via your shareholding , but do try your hardest to avoid it ………….. thats the key to making money from shares …….. any emotional involvement spells future disaster . You need to be emotionally free to wield the knife early on if required .
May your next trade recover your losses .