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BEN Bens Creek Group Plc

0.225
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Bens Creek Investors - BEN

Bens Creek Investors - BEN

Share Name Share Symbol Market Stock Type
Bens Creek Group Plc BEN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.225 08:00:28
Open Price Low Price High Price Close Price Previous Close
0.225 0.2025 0.225 0.225 0.225
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 12/4/2024 22:28 by papillon
Au contraire, purchaseatthetop and you know it! I always state I can't predict the future and that charts are past and present records only. Charts show current and past investor sentiment only.
You may well have called BEN "a pump" in March 22, purchaseatthetop. Unfortunately I wasn't reading this BEN bb back then. However I do remember you posting that Storey was selling before it was confirmed in an RNS as I was following this bb by then. I even remember posting congratulations to you when the RNS was released.
Posted at 12/4/2024 16:09 by papillon
Storey saw it first. He had a big stake in BEN and profited handsomely. However he saw the writing on the wall back in late spring/early summer 2022 and dumped all of his share stake causing the BEN share price to plummet. The BEN share price has never recovered from the fall and has continued to decline. Storey sold after an RNS was released. An RNS that showed things weren't going the way that AW had promised. It pays to follow the lead of savvy investors like Storey!
Posted at 12/4/2024 09:41 by goforgold1
Was some scam be taken over now by main investor was always going to happen .
Posted at 03/4/2024 11:49 by highley1
Thus looks pretty terminal, the only surprise was it took so long.

I bet the pre IPO investors made nice gains though!
Posted at 19/3/2024 14:14 by papillon
Unfortunately, Ianio5691, other Penstocks will come along and repeat exactly the same mistakes with other shares. Penstocks fell in love with BEN. That's fatal because then you fail to recognise the negatives and potential dangers. Some investors got greedy when the share price was continually going up and then ignored the reality of the situation when the share price started to fall. Love is blind.
Posted at 19/3/2024 14:00 by ianio5691
Feel sorry for the likes of Penstock, that if what he posted was true -
A novice investor, that literally pumped his life savings in to this!

Hopefully Karma has its day and Wilson and Iqbal get what is due.
Posted at 20/2/2024 12:16 by whowantstoknow
Mohammed Iqbal and Adam Wilson are a bunchy of fraudsters, plan from the beginning was to fleece as many investors as possible to fund their lives.
Posted at 09/2/2024 13:12 by papillon
papillon 20 Oct '22 - 16:04 - 7530 of 11044 Edit
0 1 0
Serious investors do not take any notice of what is posted on bb's, seagreen. If they did then the ENET share price would not be languishing where it currently is, as purchaseatthetop has been posting, non stop, his bullish views on the ENET bb during which time the share price has fallen from 60p to under 11p. In fact ENET is being "ramped" continuously on the ENET bb by others, yet it has had no apparent impact on the ENET share price whish is still languishing in the doldrums. Hence I think, seagreen, you overestimate the effect of purchaseatthetop's non stop bearish posts on the BEN share price
Rather I believe the drop in the Met coal price and the delays in ramping up production, as promised, are the reasons for the big fall in the BEN share price Add in the fact that the BEN share price was very overbought earlier this year.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Here's another post I made from 2022, determined. I only hold 2 shares, both investment trusts; GPM & a paltry amount of GCL. I DON'T ramp either of them! They are gambles. Pure punts.

PS I've been proved 100% correct on both BEN & ENET, bbmsionlypostafter Mk2 (or should I address you as your other alias, purchaseatthetop? 🤣🤣)
Posted at 09/2/2024 11:46 by jaknife
The asset is worthless, that should be plainly obvious. It costs more to get the coal out of the ground than that coal is then sold for. That's the very definition of worthless.

Bens Creek has never been about running a profitable business. It's all about insiders making a tidy profit for themselves. They acquire an asset that they can then "big up" to naive retail investors. They float it at an inflated price and spread optimism about the future of the company. Meanwhile they are slowly dumping their shares to all the new buyers.

At peak ramp BEN was valued at c. £350m yet it was acquired from the banks for peanuts because the last owners went bust!!!

And busto again is where BEN is heading now.

JakNife
Posted at 28/2/2023 14:17 by penstocks
Indeed Seagreen. It would have been better had he never given any timelines at all both in interviews and RNS. In his own admittance he has acknowledged that he was over optimistic last year but then he went and gave that January RNS saying HWM would be onsite end of January. I literally slapped my forehead and spoke the words FFS out loud, will he ever learn?!
Investors, especially laymen like me who sink their life savings into a stock believing what the boss of a Company tells them are obviously disappointed each time there is a delay. It gets to a point where you'd rather just have a live webcam to show mining/trains activity at the Creek than some RNS that undoubtedly has potholes in it.
I actually think Adam does want the Company to do well and reach 960KT/year sales as an ego trip but I very much doubt he gives a toss about the PIs. Even at 21p the BoDs are in profit from their initial pre-IPO start up. Sour grapes on my part as I sunk largest part of my life savings in BEN and am £60K down despite all the cheerleading and hours of research :( Well at least my recent research may have saved some other minion like me from investing based on the incorrect premise of BEN having the 77 mining already and another 54KT of sales...
My old Tgm group are probably shouting to tell me to shut up now, which is why I left it. I want BEN to do well, not just because I am invested financially, but because based on my research of mining and all things Ben, I do believe it can reach 960KT sales. But investors need to be given facts, not expectations.
We didn't get any trains this month. OK, tell investors why we didn't get any trains and we will probably be forgiving.
We haven't got all the parts for the HWM yet. OK, tell investors why...
We are trucking coal to CSX. OK, tell investors how much has been shipped since September.
We are mining pitcoal by digging it from the bench and loading it straight into trucks without need of washing. OK but so far you have only heard that from me and Albert. It should be in RNS especially if that is why the HWM hasn't been brought onsite yet.
The underground permit ended last month. Has it been given an extension or do we have to wait for DEP to renew it in May?
Has anything been in RNS about paying the CLN1 taken out in 2021?
Did Bens & Mega know in January that they would get no trains in February? Is the delay down to derailments or other NS issues? How do BEN hedge more trains in future to avoid another month of zero trains/zero profits?
I don't get any answers from BoDs. They sent me a hat and sweater last year and ignored me ever since, lol.

Do I think BEN will come good? Yes, months later than expected, but please don't put the expected date in an RNS! Just surprise us, be it Easter (unlikely), mid summer (maybe) or October before lock in ends. Dividends? That depends how soon the 77 fires up, if the trains turn up, if the spot price climbs up again, loans get paid off and if there are any profits left over.

I bought an old train station years ago. Needed a ton of work. Grade II listed. Had to get permits and a possession of the line from network Rail to work between trains on the active line just to fix my roof. I set a target date to get work done. Sometimes I'd complete a task early but mostly ran over schedule being held up by suppliers, tradesmen, permissions, storms etc. If one of these factors delayed getting something else done then it was unfortunate. If I had tenants waiting to move in I'd explain the delay to them rather than let them think they were still going to move in on the date I led them to expect. TBH I got the whole job finished ahead of time and we were all happy, but I kept a line of honest communication to avoid any disappointment.
I'm all too aware that Bens Creek had a lot of remediation work to be done to get it working again. Washplant and Rail Spur needed a lot of work by skilled tradesmen to be passed as fit for purpose. Permits needed to be passed for mining new areas, renewing for existing areas and environmental reclamation. Storm floods got in the way but have actually had minimal effect on Bens Creek as waterways have been a big part of the redevelopment plan to meet DEP requirements. Contractor issues saw BEN leaving JMAC contractors to go inhouse and buying/financing their own equipment. Supplier issues of trains by NS has been met by sending coal to a rival rail company (CSX). NS have exclusivity over the rail line joining to Bens Spur (think BEN have just about purchased that outright from MBU now?) so coal has to be taken by trucks to the nearest loading point in order to join CSX trains. I understand that to be High Ridge as they have processed 3rd party coal for other mines before and have a fast flood loadout facility to CSX trains. Moral of this waffle is that investors need reassuring that their/our money is safe. If a date is not going to be reached explain to us why not. "We hope to get the 77 here by the end of January but as we are mining and selling pitcoal from the benches we may just hold off for a month or 2". That would have been great in an RNS. "The 77 isn't onsite yet? Oh well at least we are still mining pitcoal" would have been my positive response rather than my disappointed one today.

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