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

British B's updated BHR to a BUY CONFIRMED! signal and they stated 'Be part of the BUYING Boost' !!!

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.

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!!

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

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.

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.

How much coal per month is currently being sold? Does anyone know?

MMs decided to stop playing on the order book and ........... let it go

since volume as "AT" have gone places as the share price

The chart looks more and more like an INVERTED HEAD and SHOULDERS

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 )

All over the place late this afternoon, looks like some decided to take profits already

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.

The candlesticks are displaying a relax and stay long today!

shocking rns today but may lead to opportunity

Looks bad gibby.

agreed - rns out

Interim Results


RNS Number : 3518S

Beacon Hill Resources plc

23 September 2014






Beacon Hill Resources Plc / AIM: BHR / Sector: Mining



Beacon Hill Resources Plc ("Beacon Hill" or "the Company")

Interim Results for the period ended 30 June 2014



Beacon Hill Resources Plc, the AIM listed coking coal company, announces its financial results for the six month period ended 30 June 2014.



HIGHLIGHTS:

• Unadjusted loss in the period of US$ 9.96 million compared to the corresponding 2013 period loss of US$7.64 million - reduction in the first half loss compared to the corresponding 2013 period, when adjusted for rail operating leases and fair value of warrants issued.

· Reduction in cash utilised in operations by US$ 1.2 million to US$ 5.9 million when compared to the corresponding 2013 period of US$ 7.1 million, notwithstanding rail operating lease costs incurred during this period whilst none were incurred in the in the corresponding 2013 period.

• Further amendment agreement with Vitol SA related to the US$ 10 million senior debt facility to defer the principal amortization originally due in April 2014 of US$ 1.7 million to 30 September 2014 as well as accruing interest until 30 September 2014.

• Amendments to the Coal Offtake Agreement with respect to price discounts and to subordinate the repayment of the Global Minerals US$ 5 million coal prepayment to any new senior debt.

• Rolling Stock shipped and commissioned in Mozambique comprising five locomotives and 89 wagons, to be operated under a 10 year operating lease.

· Moatize coal loading site commissioned with JV Partner.

• Rolling stock Sub-lease agreed in principle and pending final approvals from the Government of Mozambique.

• Received US$ 20 million offer of project financing for the Minas Moatize Mine's washplant expansion project, subject to financial and legal due diligence, of which the financial due diligence has been completed and the preliminary legal due diligence report has been received.

• Sufficient working capital funding arranged to the end of 2014 with up to US$ 17 million working capital to be raised in support of senior debt and expansion project.

• Post period end, fundraising announced to raise up to £1.25m to provide sufficient working capital to the end of 2014.

• Target to complete expansion project funding (debt and equity) and restructuring of balance sheet by end of Q4 2014.









CHAIRMAN'S STATEMENT



During the first half of 2014 Beacon Hill made significant progress with the Minas Moatize coking coal project despite the very challenging pricing environment for coal. Notably, the Company shipped and commissioned five new locomotives and 89 purpose built wagons with a value of US$ 21 million which are to be leased on a 10 year basis as well commissioning the Moatize Mine's coal loading facility with its JV partner following 12 months of infrastructure development. The embedded value of the Company's bulk logistics chain has grown over the period and is the cornerstone of creating a competitive cost advantage to re-commence coking coal exports from Minas Moatize.



The Company also received a proposal for a US$ 20 million new senior debt funding facility for the washplant expansion project during March 2014, after submitting final due diligence reports together with concluding the EPC tender and form of contract for its construction early in the year.



Looking forward to H2 2014, the depressed market for coal prices globally has meant that the project will likely remain in care and maintenance until the construction of the expanded washplant has been completed with a key focus to re-enter production as a Tier One cost producer in late 2015/early 2016.



Therefore, with no anticipated production during H2 2014, focus of the Board and management will be solely on debt and equity expansion project funding, logistics and restructuring the existing debt on the balance sheet.



These H2 2014 objectives can be summarised as:

(i) conclude the rail sub lease to offset rail costs;

(ii) the completion of the new US$ 20 million senior debt facility to fund capex;

(iii) the restructuring of the US$ 25 million existing senior and sub-ordinated debt;

(iv) raising sufficient additional equity / working capital, expected to be upto US$ 17 million or as specified by the new senior debt lender; and

(v) to execute the EPC contract for the expansion project after completion of the above.



There are a significant number of hurdles to overcome, but we remain confident we have the correct team to do so and I look forward to updating shareholders in due course as our management team progress the H2 2014 objectives.





Justin Farr-Jones

Chairman

Bought in again last week after being out for a while.

anyone still in ? any thoughts ?

Unfortunately I'm still in and nursing a loss. My thoughts are, why did I bother with this company.
2517

bought some this morning -the rns has positive wording and add last recent rns to it finally looking better here - 12mth low good time to avg down perhaps?

i like the FURTHER AGREEMENT wording todays rns:


' The Company will update the market once a further agreement has been reached. '

&







Agreement to Sub-Lease Rolling Stock
RNS
RNS Number : 8852T
Beacon Hill Resources plc
09 October 2014




9th October 2014

Beacon Hill Resources Plc / AIM: BHR / Sector: Mining



Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')

Agreement to Sub-Lease Rolling Stock



Beacon Hill Resources PLC, the AIM listed Mozambique coking coal miner, is pleased to announce that it has entered into a sub-lease of its rolling stock to an undisclosed party ('the Sub-lessee').



This sub-lease agreement will support the Company's expansion strategy to advance Beacon Hill's Minas Moatize Coking Coal Project to Tier One cash cost status which will deliver an economically robust mining project even during periods of depressed coking coal prices.



Highlights

· The Sub-lessee will utilise all of Beacon Hill's five locomotives and 90 rail wagons on the Sena Line

· Minimum lease term of 12 months with extension option

· Increases Sena Line utilisation by up to 500,000 tonnes per annum

· Final regulatory and Minister of Finance approval received and this represents the completion of a key milestone towards the completion of the Senior Debt Facility



Rowan Karstel, CEO commented:



"We are delighted to have secured a high calibre counterparty to lease our rolling stock on the Sena Line further proving the viability of the logistics solution whilst Beacon Hill's Minas Moatize Coking Coal expansion project is advanced.



"This transaction is a win-win for ourselves and the Sub-lessee whilst also increasing the utilisation of the Sena Line. Our two train sets are the newest class of rolling stock and are a big boost for the entire Mozambique coal supply chain. We have taken 9 months to conclude this transaction and with considerable assistance from the Government of Mozambique represented by the Ministry of Mines and Ministry of Finance."



Background to the Transaction

During H1 2014, BHR announced the delivery of five new Grindrod locomotives and 90 Transnet Engineering rail wagons to Mozambique after 12 months of manufacture. The transaction was funded by Thelo Rolling Stock South Africa, with Beacon Hill's subsidiary BHR Investments Mauritius as lessee. The new rolling stock has a value of approximately US$21 million.

Pending the upgrade of the Minas Moatize coking coal mine to a Tier 1 cash cost producer, Beacon Hill announced its intention to sub-lease the rolling stock until it re-commenced export operations through the Port of Beira. The addition of the rolling stock translates to 500,000 tonnes per annum of new rolling stock capacity to the Sena railway rolling stock fleet with expected availability rates of 94% associated with new fleet.

good news

Beacon Hill Resource
New Debt Facility and Restructuring Update
RNS Number : 1088W
Beacon Hill Resources plc
04 November 2014


4 November 2014

Beacon Hill Resources Plc / AIM: BHR / Sector: Mining



Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')

New Debt Facility and Restructuring Update



The Company is pleased to announce a further update on the new debt facility for the Minas Moatize coking coal mine expansion project in Mozambique and the restructuring of existing Group debt facilities.





Highlights



· Final revised legal due diligence report submitted to a South African Development Finance Institution ("DFI") with final approvals expected by year-end

· Amendment agreement signed with Vitol SA to defer principal and interest on the senior loan facility to 30 January 2015 pending completion of the new debt facility

· Negotiations ongoing with Convertible Loan note holders to restructure debt to facilitate new debt facility

· Commenced renewal of the MML Mining Concession for a further 20 years



Rowan Karstel, CEO commented:



"We are making steady progress in both our new project funding and restructuring and I remain optimistic we can deliver some resolution for our shareholders prior to the year-end. The Minas Moatize coking coal mine is one the very few globally that can sustain operations in this challenging price market if we complete the proposed expansion to 3.2 million tons per annum."





DFI New Senior Facility Update



The Company is pleased to announce legal counsel appointed by the DFI has now submitted its final revised legal due diligence report. Further delays were encountered by an additional request for corporate records dating back to 2005.



The Company expects the final review and approval process to now commence at the DFI with any material updates to be communicated to shareholders in due course.



Existing Vitol Senior Debt Facility



The Company is pleased to announce it has reached an agreement with Vitol SA regarding an amendment to the terms of the US$10 million senior debt facility.



As previously announced, amortization of US$1.7 million due 30 September 2014 has been deferred during this year and the Company has agreed to defer a both this amount and a further US$2.4 million due 31 December 2014, whereby US$4.1 million shall now fall due 30 January 2015 by which time the Company expects to have completed either a restructuring or refinancing of the Vitol senior debt facility. In addition the Company has elected to capitalize interest payments for the time being to conserve cash within the Group. The total capitalized balance outstanding to Vitol (including capitalized interest to 30 September 2014 and amendment fees) is US$10.56 million carried forward. The successful restructuring of the Vitol senior debt facility will likely be a key condition precedent to drawdown of any new DFI senior Facility in 2015.



Convertible Loan Note Re-Structuring



In addition to negotiations with Vitol SA and the DFI, the Company has continued negotiations with all existing convertible loan note holders regarding a potential restructuring of US$ 14.8 million in loan notes currently due for redemption between July 2015 to July 2018. The successful restructuring of the Convertible Loan Notes will be likely to be a key condition precedent to drawdown of any new DFI senior Facility in 2015. A further update will be issued in due course in the event an amendment agreement is concluded between the Company and convertible noteholders.





Renewal of MML Mining Concession



In April 2014, Minas Moatize Limitada ("MML"), the Company's wholly owned subsidiary was awarded a 25 year mining contract by the Government of Mozambique for Licence 1151L, which was subsequently ratified by the Administrative Tribunal. One of the key terms and benefits of the Mining Contract for MML confers the automatic right of renewal of the mining concession in favor of MML, subject to compliance with applicable laws. The Company's existing mining concession was granted in 2005 for 10 years.



MML has therefore commenced the renewal process for the mining concession for a further 20 years and on the basis of the signed Mining Contract would expect a timely renewal of the concession prior to expiration of the existing concession in June 2015.