UK 15:43 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
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.
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
BTCustomer
Strand Hanson are also NOMADS for cash-strapped Phorm PHRM.L who have been diluting their stock for the last eleven years and are currently seeking yet another cash injection. Sounds familiar?
aussiegold
Another stock you should look at is Thor Minning listed on AIM and ASX. THR keeps on placing shares dilutting shareholders. Their Board taking shareholders for mugs.
J P Spaghetti
Dilution? Positively homeopathic! Good luck at the EGM.
wildrides
Great pod cast ………… only just caught up with it . Great advice from Tom , good luck to share holders . Surely the coking coal deposits and the train set sub lease must be worth something . Sounds like a right crooked deal to me . Reminded me of SKR . Someone wants the asset cheap without shareholders . The bunch of idiots running this show really take the biscuit . Fancy leasing a brand new trainset with 3 locos and 60 wagons , then importing them all from S.A and then mothballing the bloody mine ! What the hell was that all about ? Have they not heard of running at a loss to cover fixed costs until price improves ? Then after all that they sub lease the trainset out to another producer at no profit . Are they bonkers ? What a bunch of wankers . They could have at least stuck a healthy profit margin on . I would like to bet a director or related party ends up buying it for a fiver off the administrator . Criminal .
PS very funny spaggers