Bens Creek Share Discussion Threads

[mindminer] 26/11/2022 21:48

Can't wait to see what the webinar is about. Its going to have to be mega to turn sentiment around here. Maybe about this legendary 10p dividend which nobody will ever see lol

[the modeller] 26/11/2022 18:40

Mr GFD,It seems that you assume incorrectly that I give a flying fk.HaGW,-TM

[amaretto1] 26/11/2022 17:49

Atlantic coal part 2 !!

[purchaseatthetop] 26/11/2022 13:40

Question 5.
In the 25/7/22 RNS you stated that both Highwall miners would be working this year allowing output to increase from 40,000 clean tons to 80,000 clean tons between September and December 2022.
In the 7/11/22 RNS you stated that you would be soon requesting a second Highwall miner and that it would be ready for further production by the end of December 2022.
Do you have a signed contract with Megahighwall for a specific second Highwall Miner and when is the contracted date for it to be delivered to site?
This is all bearing in mind that the 25/2/22 RNS stated that a second Highwall miner would be deployed ahead of the scheduled plan of second quarter 2022.

[mr gf duck] 26/11/2022 12:50

It seems you ve programmed yourself to accept that contrived responses will eliminate the downside of the outcome, predicted to follow. For now lets assume the (I told you so) is a potential bug in the programming which may require a patch fix.

[purchaseatthetop] 26/11/2022 12:42

This is fun. Cannot wait to get answers.

[purchaseatthetop] 26/11/2022 12:41

Question 4.
Page 89 of the accounts to 31/3/22 “events after the reporting date” reports a financing drawdown of $6.138m for funding more equipment.
The 18/8/22 RNS stated that equipment costing $5.4m had been bought by BEN but that it would be partially financed to provide further working capital for the company.
Please would you explain why this financing facility far higher than that RNSd has not been disclosed to the shareholders but stuck on the last page of the published accounts?

[purchaseatthetop] 26/11/2022 10:42

Question 3.
On page 225 of the admission document in “working capital statement” you confirmed that the $9m admission money was sufficient for the groups present requirements for at least 12 months from the date of admission. The admission documents mining plan was to mine 30k clean tons per month from January 2022. All scheduled out and costed by experts.

Please explain how you have managed to spend another $36m ontop of that in both equity ($18m) and debt ($18m) to achieve 20k clean tons per month maximum? Why did you not follow the Admission Document mining plan?

[the modeller] 26/11/2022 09:49

Share prices go up and down.

[the modeller] 26/11/2022 09:47

All financing has been undertaken with the objective of improving strategic growth; we currently have no announcements to make on any further funding arrangements.ORThe directors are currently reviewing some exciting strategic growth proposals; we are currently unable to provide any details but we very much look forward to updating everyone in due course.

[mr gf duck] 26/11/2022 08:41

We now have question one assigned: 1. Adam, how many weeks away are we from BEN RNSing a cash raise?2.

[purchaseatthetop] 26/11/2022 08:03

GFDuck. I also 100% expect a cash raise in the next couple of weeks. The US II who fronted the $12m two placings are now conversion underwater at 28p and 40p so will not be best pleased. Unsecured debt only getting interest rates from pre Ukraine War and inflation. Any cash raise will be at a major discount to todays price and BEN must be running out of cash by now. They have burned $45m already combined equity and debt and they are still hugely loss making.

Anybody who thinks there is anything innocent about that RNS needs their head examining. Seagreen?

[mr gf duck] 26/11/2022 07:57

> Read the RNS you t watThank you for the compliment Mr Henry. I revisited the RNS to ascertain whether I was due such an esteemed compliment. > This appointment is part of the Company's strategy to increase its institutional profile with investors.I don t think I missed the crux of the announcement. The above statement along with an appointment of a joint broker will in short order lead to a cash raise. Perchance, what does your esteemed wisdom bring to the table on this matter - aside from the compliments?

[purchaseatthetop] 26/11/2022 07:48

Ohojiim. I will wait till Monday 7am. If there are accounts to analyse there will be many questions and, yes, I will post them here. If there are no accounts then it is not even worth listening into the waste of time let alone sending questions. Let’s see.

[ohojiim] 26/11/2022 07:38

Well, are you coming on board and joining the live webinar Purch?

One must submit name and email address to register but the hosts will review and may or may not grant access as per their T&Cs.


They are accepting questions prior to airing which may or may not be covered. This will be carefully controlled but gives you the perfect platform to put your list of questions out there Purch. Will they cover any? Why not post them here and submit prior to Mondays event. If they fail to cover or address the matters then you can safely assume the operations are hiding from truths. Let’s see how much of a live Q&A they really accommodate.

[purchaseatthetop] 26/11/2022 06:04

Happy to see that there is a webinar coming up. 28/11/22.
Provided by Roast RP Limited. Incorporated 18/5/21
Soon to be in vision as Roast TV Productions Limited was incorporated July 22.

Does this mean accounts will appear Monday morning? Hope so. Otherwise this is the most ridiculous webinar in AIM history and that ain’t a competition you want to win.

[whowantstoknow] 25/11/2022 14:19

All This sounds like a ponzi

[ianio5691] 25/11/2022 13:13

Probably a few off-shore Companies hidden in there too...No reason to set up such a complicated structure other than to deceive...

[whowantstoknow] 25/11/2022 13:00

MBU Capital Limited wasn’t owned 100% by Mohammed Iqbal