Bens Creek Share Discussion Threads

[purchaseatthetop] 18/4/2024 13:17

Avani are going to take over by buying all the assets and permit.

“27. Debtors further intend to develop and commence construction of a dewatering plate press or other coal refuse disposal or remediation plan (Refuse Plan) to address a major issue that has negatively affected Debtors’ ability to produce coal. Further, the Debtors intend to retain a consultant to develop a mine plan to enable production of 60,000 or more tons of coal per month for a period of at least 3 years (Mine Plan). The Refuse Plan and Mine Plan are essential to enable the overall mine complex to produce coal in the near future, free from the constraints on production caused by the issues with the refuse.”

And

“22. Notwithstanding the Debtors’ poor cash position, the overall mine complex is a
valuable asset and capable of profitable operations with adequate capitalization. The Debtors’ met coal reserves, coal wash plant, equipment and environmental permits provide the essential elements to produce coal very profitably.”

From the chapter 11 data written by Cw

[seagreen] 17/4/2024 17:14

Dude old chap I have never spoken to any of the BOD, it did me proud but I doubt anyone will know for sure or ever get to the botton of everything that went wrong.

Time to move on or watch from the sides to see how the middle east works out singing the famous lyrics


There's a lady who's sure all that glitters is gold
And she's buying a stairway to Heaven
When she gets there she knows, if the stores are all closed
With a word she can get what she came for

(Not a reference to Paps............only joshing I promise)

[papillon] 17/4/2024 12:39

The header to this thread, with the benefit of hindsight, always makes me chuckle. Ben's Creek was only the "Bargain of the Century" for around 6 months and it was never "Highly Profitable". In fact it never made a profit, not even when Met Coal was priced at over $400.

[meijiman] 17/4/2024 11:27

Anyone care to indicate what these acronyms mean FB/CF and BC???!!!

[john henry] 17/4/2024 10:46

Reading a few of the comments posted on FB by Bens Creek now ex employees is a real eye opener

What a circus managed by clowns

I must admit to having No clue has to the CF that was BC

[purchaseatthetop] 17/4/2024 09:24

Right now there is a legal battle starting over the 60k tons clean stockpile.

Integrity say they prepaid for coal snd the trains went elsewhere. So thry oen it.
Avani say it is secured on the loans do they own it.
MBU say that it is theirs
BEN say thry can sell it.

The only thing certain is everybody now hates AW snd Iqbal.

[dudishes] 17/4/2024 00:20

More luck than judgement Charlie, but it got you out of your nest eh.

Out EST for 48%, a lucky wind up.

Good laugh and at least you know that you have fame or shame in share price books.

BEN, an absolute cracker. Are you still in touch with the crooks?

Or just smidgen along greasy like?

Cheers

[seagreen] 16/4/2024 23:20

Dudishes
12 Apr '24 - 14:49 - 1695 of 1713
0 0 0
G'day charlie, we are in the same for once.

We are thinking copper prices yes?

Looks good to me.

Shame about BEN and subsequent drivel from TW on his web.

Most embarrassing for you, untoward I must say.

In here at 1.55p, nice. just turned TUN for 4 bags, but think this a good long timer?

cheers

[dudishes] 16/4/2024 17:16

SP gave you the write up you deserve.

Charlie (seagreen), failed car salesman!

Go bury yourself and take your two mates with you.

[seagreen] 16/4/2024 16:53

Ben, the two of us need look no more
We both found what we were looking for
With a friend to call my own
I'll never be alone
And you, my friend, will see
You've got a friend in me
(You've got a friend in me)
Ben, you're always running here and there (here and there)
You feel you're not wanted anywhere (anywhere)
If you ever look behind
And don't like what you find
There's something you should know
You've got a place to go
(You've got a place to go)
I used to say "I" and "me"
Now it's "us", now it's "we"
(I used to say "I" and "me")
(Now it's "us", now it's "we")
Ben, most people would turn you away (turn you away)
I don't listen to a word they say (a word they say)
They don't see you as I do
I wish they would try to
I'm sure they'd think again
If they had a friend like Ben
Like Ben
(Like Ben)
Like Ben

[goforgold1] 16/4/2024 08:56

Wow was always going to happen Director's made millions here . Same going happen at CGO . Total scammers

[papillon] 15/4/2024 16:32

seagreen is not having much luck with his share picking! First EISB, now BEN! Both very speculative and mired in debt with desperate men in charge! Both bargepole shares.

[purchaseatthetop] 15/4/2024 15:25

The astonishing thing is that some idiots are still buying because the company has not RNSd this little detail.

[bbmsionlypostafter mk2] 15/4/2024 15:20

I look forward to seagreen's explanation as to why this is good news.