Henderson's loss is small scale in the scheme of things.
White Knight required: deep pockets for chance of billion dollar assets!
Materiality="significant to the issue or matter at hand"
Beacon Hill, the coking coal developer focussed on the Minas Moatize Coking Coal Mine in Tete, Mozambique, announces that in light of the materiality of the resolutions to be proposed at the General Meeting being held at 10 a.m. today, as set out in the notice dated 1 December 2014, the Company has requested that trading in its ordinary shares on AIM be suspended with immediate effect. Once the result of the General Meeting is known, a further announcement will be made later today, which may or may not lead to the continuation of the suspension of trading in the Company's ordinary shares on AIM. Capitalised terms used but not defined above have the same meanings as set out in the Company's announcement of 1 December 2014.
That will invoke the antidilution clause for the 0.35p price down to 0.01? as well.
They say it has to get to tier one before it has any value! People get rich thinking that sort of stuff. Where's those rich people? Oh yes, waiting on the sidelines!
Why on earth do the BOD think they are the only investors to turn it into tier one coal supplier. Anyone with enough dosh can do that. Cheats and snakes!
Company is a gonna either way. Use the loss as income tax offset, you will get it all back if you pay enough income tax over the next few years. HMRC are good payers and prompt as well as honest!