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Beacon Hill Resources – tell us about the hairdresser Mr Farr Jones?

By Tom Winnifrith | Thursday 18 December 2014


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.


Shares in Beacon Hill Resources (BHR) are suspended now after an EGM yesterday failed to vote through resolutions allowing dilution to oblivion. The company will probably go into administration. But now I ask Chairman Justin Farr-Jones some questions about his friend the hairdresser.

I flagged up in a Bearcast the other day how a Mr Daniel Lark had invested c£56,000 last week at just 0.01p to get a 12% stake in the company. Why had he paid a premium to the price new investors would be paying if the EGM had voted yes? Who asked him to invest? Was this just a plot to ensure the EGM voted yes? Beacon refused to say whether Mr Lark had any business dealings with board members.

I have tracked down a Mr Daniel Lark who has had dealings with Chairman Justin Farr-Jones. He is a hairdresser who runs the Toni & Guy salon in Bromley Kent. I spoke to him earlier – pretending to be a university mate of Farr Jones – and he confirmed that he knew him and was in regular touch.

So Mr Farr-Jones, given that your pal, the hairdresser Mr Lark has lost £56,000 in a week would you answer the following questions:

  1. Is this THE Daniel Lark who owns 12% of Beacon Hill?
  2. If the answer to Q1 is YES: Did he invest his own cash to lose £56,000 in a week or did you loan him the cash or advance him the cash or agree to underwite his investment in any way?
  3. Was it the understanding that he would invest so he could support the board at the EGM?
  4. If the answers to any of the above are YES will you apologise to investors, resign at once and report yourself to the FCA for undeclared related party/concert party transactions and market abuse?
  5. If it is a different Daniel Lark who is the Daniel Lark who invested?

And for Nomad Strand Hanson Ltd:

1. Did you verify who Mr lark was and that this investment was kosher in every way?

Merry Christmas one and all




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Comments

4 comments

  1. Shit hitting the fan with so many AIM companies unravelling this year and presumably into next, as their dealings come to light.

    What’s infuriating though is is takes the Sheriff of AIM and other peed-off investors (aka ordinary, concerned people) to highlight this mess. What the hell are the handsomely-paid FCA and regulators doing all day long (please don’t tell me ‘a huge pile of coke’ as I might just believe it). So many red flags they miss or ignore. Are they institutionally corrupt, overworked and toothless, or both?

  2. Seems to me this oozes fraud….Fart-Jones has obviously got his mate the hairdresser to buy shares and try to derail the egm vote….Scandalous and I reckon Jail awaits if the FCA have the balls to do something !!!!!!!!

  3. The Daniel Lark situation is just the tip of the iceberg imo. Hopefully the FCA will finally start earning their salaries and investigate where Farr-Jones grubby little hands have been moving the money. What $80m tier1 mine & wash plant??? follow the money FCA

  4. If he can be brought to book then this might send out a message to other greedy incompetent BODs. So please bring him down.


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