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Beacon Hill Resources (BHR)
TheVoid
- 24 Sep 2010 04:01
Beacon Hill Resources is very popular at the moment on other BBs yet here there seems to be nothing - so I thought I'd put together the stuff I've gather from the Internets and see if anyone here is investing in BHR - I'm not but I might at some time in the future when the fuss has died down
Beacon Hill Resources
ontheturn - 07 Oct 2013 21:38 - 80 of 110
Was looking for an entry point again, but last week news of convertible issued last week had a bad taste for the share price and now lingering at 1.40p with heavy volume
will have to wait as it settles as days goes by.
With compliments from ..... suki the dog ... at III for below comment and resume of things >>>>>>>>>>>>
The company updated us on their new operational strategy following the funding announcement on Friday.
• Against a weaker backdrop in coking coal prices, the company plan to keep the current plant facility operating minimally till the expansions are in place.
• It will take 8 months to complete the expansion and 4 months to ramp up.
• The current cash burn rate is $1.5m/month.
• US$13m to be used for the expansion against a previous estimate of $10m reflecting the investment in power required to counter current power outages.
• $10.1m is a provision to support company in working capital requirements during the construction and ramp up phase.
• The targeted coking coal production at full ramp up at the end of 2014 of 540,000t should coincide with availability of rail capacity of 0.5 mtpa.
• The thermal coal will continue to be sold at the mine gate.
• Current thermal coal sales at the mine gate are achieving $50/t against production cost of $30/t.
• They are currently selling around 3,000t of thermal coal at mine gate which should generate cash flows of around $60,000/month.
• Small tonnages are being sold to a wide group of buyers and sales are done on a cash basis.
• The hard coking coal price is expected to be produced at an FOB price of $105/t.
• The company expect to deliver these costs as strip ratio at the mine is 0.5 resulting in mining and processing cost of $17/t with G&A bringing this up to $30/t.
• Logistics and other costs bring the total FOB cost/tonne of $105/t – port costs are currently high at $20/t.
• This compares with BMA mine site cash costs of around $75/t and total unit cash costs of $150/t (this includes all cost including maintenance capex).
• Port costs are expected to be brought down by their JV with Jindal on port sidings.
• The coking coal price achieved is at a $10/t discount to the export price.
• The offtake agreement with Global Coke is for 600.000 t per year so they can take the full production being targeted.
• Phase 2C expansion should enable them to achieve an uplift in coking coal yields from 15% to 20-21%.
• The convertible issued to Latitude will have the coupon rolled up for the first year.
• The company are offering the convertible to other shareholders.
Conclusion: The new funding to implement their expansion plans is needed as the company are expected to run their current operations at a minimal level till expansion plans are put into place requiring a greater working capital element. This is potentially a disappointment as the market had expected the company to generate revenues and cash having put into place the first part of their expansion.
The sale of coal at the mine gate should generate cash flow of around $60,000 a month offsetting some of the current cash burn of $1.5m a month.
expansion plans will enable the company to improve yields on the coking coal side and achieve first quartile operating costs with low strip ratios of 0.5. The targeted production of 540 kt of coking coal by the end of 2014 should also co-incide with availability of their rail allocation of 0.5 mtpa.
The shares are unlikely to do very much against this backdrop till plans are successfully implemented.
will have to wait as it settles as days goes by.
With compliments from ..... suki the dog ... at III for below comment and resume of things >>>>>>>>>>>>
The company updated us on their new operational strategy following the funding announcement on Friday.
• Against a weaker backdrop in coking coal prices, the company plan to keep the current plant facility operating minimally till the expansions are in place.
• It will take 8 months to complete the expansion and 4 months to ramp up.
• The current cash burn rate is $1.5m/month.
• US$13m to be used for the expansion against a previous estimate of $10m reflecting the investment in power required to counter current power outages.
• $10.1m is a provision to support company in working capital requirements during the construction and ramp up phase.
• The targeted coking coal production at full ramp up at the end of 2014 of 540,000t should coincide with availability of rail capacity of 0.5 mtpa.
• The thermal coal will continue to be sold at the mine gate.
• Current thermal coal sales at the mine gate are achieving $50/t against production cost of $30/t.
• They are currently selling around 3,000t of thermal coal at mine gate which should generate cash flows of around $60,000/month.
• Small tonnages are being sold to a wide group of buyers and sales are done on a cash basis.
• The hard coking coal price is expected to be produced at an FOB price of $105/t.
• The company expect to deliver these costs as strip ratio at the mine is 0.5 resulting in mining and processing cost of $17/t with G&A bringing this up to $30/t.
• Logistics and other costs bring the total FOB cost/tonne of $105/t – port costs are currently high at $20/t.
• This compares with BMA mine site cash costs of around $75/t and total unit cash costs of $150/t (this includes all cost including maintenance capex).
• Port costs are expected to be brought down by their JV with Jindal on port sidings.
• The coking coal price achieved is at a $10/t discount to the export price.
• The offtake agreement with Global Coke is for 600.000 t per year so they can take the full production being targeted.
• Phase 2C expansion should enable them to achieve an uplift in coking coal yields from 15% to 20-21%.
• The convertible issued to Latitude will have the coupon rolled up for the first year.
• The company are offering the convertible to other shareholders.
Conclusion: The new funding to implement their expansion plans is needed as the company are expected to run their current operations at a minimal level till expansion plans are put into place requiring a greater working capital element. This is potentially a disappointment as the market had expected the company to generate revenues and cash having put into place the first part of their expansion.
The sale of coal at the mine gate should generate cash flow of around $60,000 a month offsetting some of the current cash burn of $1.5m a month.
expansion plans will enable the company to improve yields on the coking coal side and achieve first quartile operating costs with low strip ratios of 0.5. The targeted production of 540 kt of coking coal by the end of 2014 should also co-incide with availability of their rail allocation of 0.5 mtpa.
The shares are unlikely to do very much against this backdrop till plans are successfully implemented.
northerly1 - 07 Oct 2013 23:27 - 81 of 110
JKX recently fell from 78p down to 48p on news of a fundraising and has since bounced back up again. I can see a similar thing happening with BHR and a lot of stop losses must have been triggered today as well etc.
northerly1 - 08 Oct 2013 20:26 - 82 of 110
The spike down to 1.04p on Monday seems to point to a possible bottom target on this one, although indicators show its looking very oversold at present, but with the moving averages all negative for now.
northerly1 - 08 Oct 2013 21:15 - 83 of 110
And goes to show a piece of good or bad news will blow a AIM stock chart away.
ontheturn - 11 Oct 2013 12:56 - 84 of 110
Once the storm pass the good weather returns
over here the sells have slow down and for the last couple days buyers were outplacing the sells and share price was slowly bouncing, today is showing signs of wantig to make a big impact
;AreaBB;&IND=MACD(26,12,9);RSI(14);SlowSTO(14,3,3)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
over here the sells have slow down and for the last couple days buyers were outplacing the sells and share price was slowly bouncing, today is showing signs of wantig to make a big impact
ontheturn - 11 Oct 2013 13:00 - 85 of 110
The 5 days chart shows clearly the flat bottom of the last couple days and now rising
much faster
much faster
northerly1 - 11 Oct 2013 21:45 - 86 of 110
British B's updated BHR to a BUY CONFIRMED! signal and they stated 'Be part of the BUYING Boost' !!!
northerly1 - 07 Nov 2013 21:13 - 87 of 110
BHR looking very oversold on the daily chart, the business was valued at 2.6p prior to the recent fundraising etc. So this stock will probably double your money at some point on the share price recovering from here.
northerly1 - 12 Nov 2013 20:23 - 88 of 110
Z.Mir's TradersO chart showing a minimum price target of 1.5p! within the next 2-3 weeks!!
BritishB's also have a buy signal now showing for BHR!!
BritishB's also have a buy signal now showing for BHR!!
ontheturn - 12 Nov 2013 23:15 - 89 of 110
You forgot to say that yesterday's closing candlestick created a BULLISH HARAMI CROSS a reversal pattern that with volume today was right for this morning bounce.
I am in again from today
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I am in again from today
ontheturn - 20 Nov 2013 13:02 - 90 of 110
0.98p +0.17p
Rail Logistics Update
Beacon Hill Resources plc, the AIM and ASX listed coal producer, is pleased to announce an update on rail logistics at its flagship asset, the Minas Moatize Coal Mine in Tete, Mozambique.
-- Arrival of maiden test train to trial the Tete coal loading facility
-- Five new 2,240 kW diesel locomotives on track to be completed by the end of November 2013 at RRLGrindrod's workshop -- 90 Transnet Engineering rail wagons expected to arrive by the end of January 2014 in the port of Beira, Mozambique
-- Beira off-loading facility pre-conditions complete with final Simplified Environmental Report to be submitted by the end of November 2013
Rowan Karstel, Chief Executive Officer of Beacon Hill commented:
"We are very pleased with the strong progress made towards final commissioning of our rail logistics solution in Tete and look forward to the positive cost implications incurred following completion. Our current focus for Minas Moatize is to build the mine to become a Tier 1 coking coal asset and this will represent an important milestone towards this goal. We look forward to updating the market regarding both our logistics and wash plant upgrades in the coming months."
Mac van der Merwe, Rail Operations Manager commented:
"The first test train has now arrived into the newly built Tete siding to undertake a test loading of coal. The locomotives carried 42 rail wagons and loaded 2,600 tonnes of coal under test conditions. This trial exercise was carried out in conjunction with our JV Partner JPSL. This commissioning is a major milestone for the Company whilst we wait for first delivery of our own rolling stock which is due at the end of this month. Beacon Hill's train drivers are now fully accredited to operate in Mozambique and are on the ground and ready to begin our logistics operations for the Company and third parties."
Tete loading facility (Carbonoc) Update
Beacon Hill, in conjunction with JPSL, its JV partner in the Tete loading facility, has undertaken its first test of the first train into the new purpose built facility. The diesel locomotive arrived to collect 2,600 tonnes of coal and loaded the maiden cargo from the facility. Work on the site is continuing with the aim to have a fully operational facility in place by the end of Q1 2014. The facility has been under development during 2013 and covers a total stockpile area of 7 hectares for a capital expenditure of circa US$6 million. The facility has two rail lines and dedicated stockpile areas for Beacon Hill and JPSL.
Beira off-loading facility (Warehouse No 4) Update
The Company has notified Portos e Caminhos de Mocambique ('CFM') that all permitting requirements for the development of the facility have been completed and the remaining Simplified Environment Report will be completed by the end of November 2013. Thereafter the Company intends to commence construction activity on the site.
Rolling Stock Inspections
The Company has recently visited both the RRLGrindrod and the Transnet Engineering workshops to inspect the new rolling stock being manufactured. The locomotives are expected to be delivered at the end of November 2013. The final installation of on-board computers will allow the fleet to go immediately on rail and communicate with the train operations centre in Beira. The train drivers, crews and support personnel required for the running of the trains have been trained by RRLGrindrod and completed the CFM accreditation process during August 2013.
Rail Logistics Update
Beacon Hill Resources plc, the AIM and ASX listed coal producer, is pleased to announce an update on rail logistics at its flagship asset, the Minas Moatize Coal Mine in Tete, Mozambique.
-- Arrival of maiden test train to trial the Tete coal loading facility
-- Five new 2,240 kW diesel locomotives on track to be completed by the end of November 2013 at RRLGrindrod's workshop -- 90 Transnet Engineering rail wagons expected to arrive by the end of January 2014 in the port of Beira, Mozambique
-- Beira off-loading facility pre-conditions complete with final Simplified Environmental Report to be submitted by the end of November 2013
Rowan Karstel, Chief Executive Officer of Beacon Hill commented:
"We are very pleased with the strong progress made towards final commissioning of our rail logistics solution in Tete and look forward to the positive cost implications incurred following completion. Our current focus for Minas Moatize is to build the mine to become a Tier 1 coking coal asset and this will represent an important milestone towards this goal. We look forward to updating the market regarding both our logistics and wash plant upgrades in the coming months."
Mac van der Merwe, Rail Operations Manager commented:
"The first test train has now arrived into the newly built Tete siding to undertake a test loading of coal. The locomotives carried 42 rail wagons and loaded 2,600 tonnes of coal under test conditions. This trial exercise was carried out in conjunction with our JV Partner JPSL. This commissioning is a major milestone for the Company whilst we wait for first delivery of our own rolling stock which is due at the end of this month. Beacon Hill's train drivers are now fully accredited to operate in Mozambique and are on the ground and ready to begin our logistics operations for the Company and third parties."
Tete loading facility (Carbonoc) Update
Beacon Hill, in conjunction with JPSL, its JV partner in the Tete loading facility, has undertaken its first test of the first train into the new purpose built facility. The diesel locomotive arrived to collect 2,600 tonnes of coal and loaded the maiden cargo from the facility. Work on the site is continuing with the aim to have a fully operational facility in place by the end of Q1 2014. The facility has been under development during 2013 and covers a total stockpile area of 7 hectares for a capital expenditure of circa US$6 million. The facility has two rail lines and dedicated stockpile areas for Beacon Hill and JPSL.
Beira off-loading facility (Warehouse No 4) Update
The Company has notified Portos e Caminhos de Mocambique ('CFM') that all permitting requirements for the development of the facility have been completed and the remaining Simplified Environment Report will be completed by the end of November 2013. Thereafter the Company intends to commence construction activity on the site.
Rolling Stock Inspections
The Company has recently visited both the RRLGrindrod and the Transnet Engineering workshops to inspect the new rolling stock being manufactured. The locomotives are expected to be delivered at the end of November 2013. The final installation of on-board computers will allow the fleet to go immediately on rail and communicate with the train operations centre in Beira. The train drivers, crews and support personnel required for the running of the trains have been trained by RRLGrindrod and completed the CFM accreditation process during August 2013.
skyhigh - 22 Nov 2013 22:07 - 91 of 110
Well, I'm in as of a couple of days ago with a small purchase... must be the bottom of the downside now and after the good news now looking for a recovery in the sp.
55011 - 24 Nov 2013 13:54 - 92 of 110
How much coal per month is currently being sold? Does anyone know?
ontheturn - 29 Nov 2013 13:49 - 93 of 110
MMs decided to stop playing on the order book and ........... let it go
since volume as "AT" have gone places as the share price
since volume as "AT" have gone places as the share price
ontheturn - 29 Nov 2013 13:53 - 94 of 110
The chart looks more and more like an INVERTED HEAD and SHOULDERS
ontheturn - 29 Nov 2013 14:50 - 95 of 110
A late trade from 11.35am for 2.5M at 0.92p just reported could be the reason of cleaning some sales ( a BUY at the time )
ontheturn - 29 Nov 2013 16:11 - 96 of 110
All over the place late this afternoon, looks like some decided to take profits already
northerly1 - 29 Nov 2013 22:24 - 97 of 110
BritishB's has posted a stay long signal today for BHR this should have another go at 1.50p-2p again as still oversold at present and was due a bounce back up following the recent placing/positive RNS rail update.
northerly1 - 02 Dec 2013 21:57 - 98 of 110
The candlesticks are displaying a relax and stay long today!
gibby - 15 Sep 2014 07:37 - 99 of 110
shocking rns today but may lead to opportunity
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