Bens Creek Share Discussion Threads

[purchaseatthetop] 26/8/2022 15:02

Czar….Your post 4728 from June. You stated last chance to buy sub £1. You should simply be ignored. This is never a £1 share. It is an oversold share right now with investors not knowing that BEN faces existential threats and has a 59.8% owner with tens of millions of defaulted and secured debts. Should recover for a few weeks. Never hold beyond end of lock-in of mid October.

[czar] 26/8/2022 14:56

The price trend in MET Coal is on the up again, expect BEN to trade above 40p soon and head back up to the £1 level over the next few months.

[seagreen] 26/8/2022 14:52

Why not just listen just once in your life othewise you need to downgrade your profile from accountant to junior clerk.....

100% CASH SPENT DOES NOT ALL GO TO THE PROFIT AND LOSS SOME WILL BE CAPITALISED

Out of curiosity your last guetstimates for CASH burn (Total funding/loans) when I last looked was US$30M

I am struggling to get to that much can you repeat the analysis or give me a post referrence....


PS there will be an up todate progress report statement checked by the external accountants

[purchaseatthetop] 26/8/2022 13:39

Bonzo. No RNS and no accounts in August. The accounts will have to be delivered with some sweetener as otherwise it will simply highlight the massive level of spending so far. The admission document said the original $9m placing money was enough working capital for twelve months. Between admission and 31/3/22 another $12m CLNs plus unknown MBU loan had been added. The loss for the period to 31/3/22 will be eye watering.

[bonzo03] 26/8/2022 13:09

They're all loading up for the rns and markets closed Monday I'm balls deep lol

[seagreen] 26/8/2022 12:41

Green cross code

Think.
Stop.
Look and listen.
Wait.
Look and listen again.
Arrive alive.

[papillon] 26/8/2022 12:40

It's up against chart resistance. Will the BEN share price breakout? Will the chart start to turn bullish?

[seagreen] 26/8/2022 12:35

Station master Pat

If you have sacked your weather man for not being able to read a map, may I suggest it is a risky strategy to redeploy him to be on point duty counting the trains I hope he has gone to the right county this time.

That is your guess not a fact.

You are stiill pathetically not accepting the production is now running at circa 40K a month...because it proves your cash flow predictions are woefully understated and out of date.

Your short term micro analysis of the coal price volatility was pathetically wrong as you chose to ignore the well documented dumping of coal at half price by Russia was artificiaaly causing the price to drop.

But hey you do not understand the benifit of HWM's or the concept of unforseen delays in the global mining industry.....

My point is thay a maximum of 8 trains or two months production at current rates was fixed.....

And you do not have the foggiest idea how many trains have subsequently departed as of today....

As the master of double standards your juvinile attempted approach of twisting facts into negative guesses knows no bounds of depravity

Oh the coal price is going down

The sky is falling on

Oh the price of coal is going back up for the very reason the CEO/Seagreen said it would eventually

The sky is falling in the CEO has fixed the price

Its pathetic ...........so max diference is US$16K to US$16k to say US$30K and going forward it will be based more closely to spot



TIME TO WAKE UP AND SMELL THE COFFFEE

The quality of the Company's product is such that two of these trains are allocated

to one of the largest steel manufacturers in the world whilst the remaining eight

trains have been allocated to a large steel manufacturer in North America.



OH YOU HAVE YOUR ADMISSION TO HAVE GONE LONG AND ADDED IS CLEAR NDICATION YOUR THEORIES HAVE BEEN LIES ALL ALONG.....

I THANK YOU ....BEST WE END YOUR PATHETIC FABRICATION OF FACTS AND MOVE ON YOU ARE IN DANGER OF LOOKING INCOMPETENT

Welcome aboard the BEN express toot toot back to a quid before you can say sorry Pat is a lieing decietful ignoramus...

[purchaseatthetop] 26/8/2022 11:59

Before Seagreen makes up any more supposed facts.

The 25/7/22 RNS said expected output April to August incl would be 80k tons. That is less than 20k tons a month as actually was output from 10/3/22.

After the trucked coal to March 22, there were 2 trains in April, 2 in June, and 3 recently in July and August. The 18/8/22 RNS states another 7 trains booked to end of November 22. So hardly any of the fixed price trains have gone.

We need to be accurate. Try it Seagreen.

[seagreen] 26/8/2022 11:32

Lest we forget amongst the storm (lol) of misinformation and totaly outdated view on HWM's............

FWW
Bens Creek Group PLC Trading and operational update
25/07/2022 7:00am
UK Regulatory (RNS & others)



The quality of the Company's product is such that two of these trains are allocated

to one of the largest steel manufacturers in the world whilst the remaining eight

trains have been allocated to a large steel manufacturer in North America.

[seagreen] 26/8/2022 11:28

Ohojiim just a verse from a relevant song from Tommy it helps explain why you and Pinnochio get so confused......... lol

Fun watching guru Pinnnochio trying to ramp BEN but not too much as he has a personal vendetta against the CEO...

FWW
Bens Creek Group PLC Trading and operational update
25/07/2022 7:00am
UK Regulatory (RNS & others)


Pricing

The last two months has seen considerable market price volatility of High Vol A and High Vol B coal, the products sold to Integrity. In order to minimise any future adverse impact on the selling prices achieved by the Company for eight of its ten shipments (domestic sales), it has agreed with Integrity a fixed sales price per ton for these consignments. The agreed price per ton of clean coal is higher than the current market price of our coal products, thereby insulating the Company's earnings on these consignments from any future falls in the price of met coal.



That is only two months production.........not fixed for life and it was at a price higher than the fixed prrice at the time.....no surprise if the 8 fixed priced trains long gone...it was designed to absorb price fluctuation of production mainly prior to August when the embargo on Russia would stop them flooding the market

But as the "resident" expert/basher you refused to accept that would happen.......

[purchaseatthetop] 26/8/2022 11:11

Cheers Ianio. I added to it first thing this morning. So very satisfied. Just imagine where the share price would be now if Adam had actually bothered to open up the underground mining and was churning out 35k tons of Met A and B per month at $75 a ton cost.

One good thing about really understanding a company even if you are not invested long is that you know when the bottom has come on a news cycle. We all here know 100 times more than a simple investor who thinks coal prices mean BEN is good. We can take advantage. By the way. No chance of any accounts in August. Remember they said “expect”.

GLA.

[ianio5691] 26/8/2022 11:05

Looks like you timed your buy well PATT...

[purchaseatthetop] 26/8/2022 05:52

Met B prices rising faster. Stroke of genius of Adam to lock himself out of these rises.

[hazelst] 25/8/2022 17:45

Financial advice from a fraudster, you couldn't make it up.

[purchaseatthetop] 25/8/2022 14:58

Shiny shiny boots of leather
Taste the whip now bleed

Mr 25,000 is your Venus in Furs and still dominating the action here.
His big brother Mr 50,000 just arrived at the party. Not good.

[ohojiim] 25/8/2022 13:11

SG, do you want to take the Poets slot on the big CC truck. You could do something with a nautical theme if you like and come dressed as a bell end. Only joking wordsmith :)Never been to Italy personally. Spent some time in Cannes which is close but have booked a stay at Purch s villa to surprise him. Should be fun . . .

[seagreen] 25/8/2022 12:16

Good morning to the acid queens Twaddle and Twitish

They do not know whether they are long or short or what planet they are on anymore

I am sure the market will respect the fact they know not what they talketh about....

My work's been done, now look at him
He's never been more alive
His head it shakes, his fingers clutch
Watch his body writhe


hope the weather is good in beautiful Italy......at least we can agree on one thing its a fab place

[ohojiim] 25/8/2022 09:11

Coca Cola trucks available for hire Purch; quiet on the run up to December. How about a team Ben hire? You could do your Chesney Hawkes - I am the one & only air guitar rendition (classic), following the we are famaleee stint from the lads. Road-trip and concert performance all in one. Hell, we could even load up some coal and make use of that truck transportation to fill the train gaps. Gotta be more fun in that for you ?

[purchaseatthetop] 25/8/2022 06:15

Another $5 rise in Met B. Shame Adam decided to throw these rises away. Except I do not think he had a choice. If you read the RNS we have no idea how low he had to go in fixed price to get Integrity to agree to pick any coal up.

However, this helps create a favourable environment for the upcoming ramp. Positive vibes for the push.

It really depends on whether Blustar have any interest in playing the game any more. They have been mucked about by Mohammed as much as anybody and perhaps they simply want to take their profit and exit. If so these daily sells that keep the price around 32.5p will continue.

What fun. Unless you bought in at 85p.

[ohojiim] 24/8/2022 16:17

What if Adam, Iqbal & Uncles friends etc turn up to deliver the next RNS on the back of the Coca Cola truck doing karaoke to Sister Sledge - We are famaleeee. Will there be a price spike worth loading for?

[purchaseatthetop] 24/8/2022 14:19

Oh look. It’s Seagreen. Wonderful. No idea what he is spluttering on about but three posts in five minutes means spluttering outrage. Quiet child. There are grown ups talking here. Run along and play with the kids please.

[seagreen] 24/8/2022 14:15

What if pigs fly and Pat stops guessing.........

Just as unlikely lol


purchaseatthetop
24 Aug '22 - 13:38 - 6737 of 6738
0 2 0


BEN faces a number of existential threats…what if Megahighwall walk away? What if Integrity sue them for breach of contract in 2022? What if there is no new offtake agreement in 2023?