Bens Creek Share Discussion Threads

[seagreen] 12/9/2022 16:16

Post 7002 cheers for all your ramping of MILA

[seagreen] 12/9/2022 16:15

Post 7001 Thank you for a balanced and well thought out post.
(your delay on purchased HWM will almost certainly down to the dificulty of obtaining parts. A global issue they are on order.)


Post 6998/6999 two non shareholders get a life you know full well for what ever reasons you both hold grudges against the CEO

[papillon] 12/9/2022 16:14

free stock charts from uk.advfn.com


MCM Ichimoku chart. That's some share price performance! I remember Coal of Africa from the "old days". If only I wasn't invested in MILA, which is currently testing support! Unfortunately I've nailed my colours to the gold mast, but gold is only just hovering above the 2021 lows. If only I had invested my money in MCM instead! 🤣

[penstocks] 12/9/2022 15:55

PATT I agree with most of that:
Penstock has arrived from LSE to ramp. Excellent. THANKS

The third HWMer contract was supposed to have been signed in July. Nothing. YEP, WAITING ON PERMIT SO 2 MONTHS LATE.
The second HWMer is still broken. YEP & I DON'T REALLY GET WHY IT WASN'T REPAIRED SOONER BUT HOPE IT WILL BE 'REMEDIATED' THIS YEAR TO JUMP ON THE NEW PERMIT AREA OF 299 ACRES IN Q1.
The new permit was supposed to be active from June and then July. Nothing. YEP, PERMIT IS IN THE HANDS OF THE WV GOVT DEP, BUT I AGREE THAT ADAM'S OPTIMISM SHOULD NOT HAVE GIVEN US THAT EARLY DATE. HAVING SPOKEN TO A DEP OFFICIAL IT WILL COME SOONER THAN 12TH OCTOBER BUT THAT WOULD BE 3 MONTHS LATER THAN EXPECTED.
$38m of debt and equity spent. ON EXTRA LAND LEASES, REMEDIATION TO RAIL SPUR, WASHPLANT, YELLOW IRON, BENCHES, LONGWALL RIG, SITE CLEARANCE OF OVERBURDEN, PURCHASE OF THE HWM, BUT YEH IT IS A HUNK OF CASH. LONGTERM THE SITE IS NOW READY FOR 2 OR MORE HWM TO OPERATE AT FULL CAPACITY TO SHIP OUT WASHED COAL BY TRAIN, BUT IT HAS COST MONEY AND TIME.
Only six trains in total so far in 2022. Three late June early july. Three late July early august. Not 5 in 31 days. CONTRACTOR STOOD BY THE LOADOUT CHUTE GAVE A TIME STAMPED REPORT THAT A 5TH TRAIN HAD LEFT SINCE THE FLOOD.

AND AS FOR 10P DIVIDENDS. ADAM HAD HOPED TO GET THEM ISSUED BY CHRISTMAS. 10P BEING THE IPO PRICE SO EARLY INVESTORS BASICALLY GET THEIR MONEY BACK. WELL THAT AINT GONNA HAPPEN THIS YEAR. NEED TO DO £37.4M PROFITS FIRST, SO LOOKS MORE LIKE EASTER 2023. BEN IS A NEW MINING COMPANY NOT YET 1 YEAR OLD. PR WAS MISLEADING EARLY ON WITH OVER OPTIMISTIC TIMELINES. THAT CAUGHT ME OUT AS IT DID MANY OTHERS. HOWEVER IF YOU TAKE EVERYTHING SAID IN MARCH AND ADD 6 MONTHS TO IT THEN HERE WE ARE DOING WHAT WE WERE LED TO BELIEVE WOULD HAPPEN BACK THEN, WHEN WE WERE £1. WHILST I AGREE THAT WE AREN'T WORTH A £1 WITH ONLY 40KT OUTPUT EACH MONTH, EVEN PATT MUST AGREE THAT WE SHOULD BE AT LEAST IN THE MID 40P RANGE NOW. sorry for CAPS, was only way I could differentiate my replies from the questions. For longterm investors the output will double this year with permit and extra HWM rig and more trains and higher market price for HVB & HVA. For short term day traders/shorters I feel for you being stuck in the 30s all summer, you shoulda done MCM instead. As for those whom did MCM, then maybe we will see you back here next month above 40p

[hazelst] 12/9/2022 15:06

Never trust a convicted charity fraudster!

[purchaseatthetop] 12/9/2022 14:19

Papillon. Actually if he had posted 10p plus dividends payable to some shareholders he would have been close.

Adam Wilson who has 28m shares paid himself $1.6m in the five months to 31/3/22 which included a bonus of $450k for commencing mining. Which is extraordinary as that was a necessary for a coal miner I thought.
Anyway by the end of 2022 he only need to pay himself another $1.6m to get to 10p a share for himself.

[papillon] 12/9/2022 14:04

"10p+ dividends payable for holders through 2022."

Posted by Penstocks, on a new advfn BEN thread, on 28/12/2021. Penstocks needs a new crystal ball! 🤣

[the modeller] 12/9/2022 13:28

They are a benefit to the UK s BoP.

[the modeller] 12/9/2022 13:24

She always spoke highly of you.

[penstocks] 12/9/2022 13:01

A rail strike at Norfolk Southern should have minimal impact on BEN. There was a 30KT stockpile after the 5th train left last month. 2 trains booked each month so they could both potentially leave this week. Should the strike take place it will be over well before October when BEN will have 48KT stockpiled after 2x September trains have left. That can fill 4 trains. Then the 77SHM will be onsite to double output with target of 7-8 trains per month by December (30KT from each HWM plus 20KT from the longwall underground rig totaling 80KT washed each month). Permit has just 5/50 milestones to go, but permit fee has been paid so both permit and the 77SHM should arrive in next 2 weeks ahead of the 12th October deadline set by DEP. If a day of train strikes affects BEN, then it affects shipments by all mines in USA. Demand will still prevail. Miss a train one day, get a train the next. No problem. Not like Ben is relying on a train to arrive every single day. BEN sent out 55KT on 5 trains during the 31 days of last month. If train comes a few days late, macht nichts!

[papillon] 12/9/2022 12:52

The BEN share price has been going sideways and has been since the start of July.

[bbmsionlypostafter mk2] 12/9/2022 12:51

Is asking questions of the mgmt about any confusing, contradictory or incorrect pronouncements de-ramping?

[bennyboy1975] 12/9/2022 11:51

Ask yourself why is he de ramping the share

[purchaseatthetop] 12/9/2022 09:46

Tee hee.
The Queen is dead. Long live the King. She had a very long and fruitful life.
What impact does that have on BEN? Answers on a very small postcard please as it reads “nothing”;

[luqs01] 12/9/2022 08:12

No i didn't mean Biden is going to intervene because of the Queen, to intervene is Biden job.

I was saying why don't you give it a rest as the country is in mourning. Have some respect for how people are feeling.

[purchaseatthetop] 12/9/2022 07:10

Are you suggesting that the US rail strike will be cancelled out of respect for the Queen? Luqs01. Try not to match Seagreen for pompous windbaggery.

I simply posted the Bloomberg article details. Anybody can post others. That’s how it works.

The point is that there will certainly be impacts starting today, and that of course Bidden can cancel it, but will he and even if he does will the rail workers then simply refuse to do overtime etc also causing impacts? What is certain is that BEN would be impacted. Bu5 you don’t want to think about that do you?

[luqs01] 12/9/2022 06:40

Google other articles which also states that the Biden government will get involved to prevent the strikew. Biden will set up a emergency board today which will resolve the issue and push back any strike for another 60days.

Please have some respect for the queen.

[purchaseatthetop] 11/9/2022 18:05

It has been announced that from Monday services on the railroads are starting to be cut or cancelled in anticipation of the start o& possible strike action from 16/9/22.
Google…Bloomberg us freight railways to cut services as union talks fail.
From yesterday.

[purchaseatthetop] 11/9/2022 06:54

Just to clarify. My post 6972 where I mentioned the possible rail strike I did not comment on the likely share price impact. My post 6970 where I stated that a Russian collapse would change coal and energy prices possibly I also did not comment on any likely share price impact.

I simply said these are real world events that holders and investors need to think about. Only Seagreen saw this a paid deramping and lies designed to drop the share price. So clearly Seagreen thinks these events would have a negative effect on BEN. Which is nice to have that cleared up.

In Siracusa in Sicily right now. 34c today and the beach is mine today plus an evening trip to Noto for ice cream.

[purchaseatthetop] 10/9/2022 13:09

Removed it out of respect! You crack me up you pompous overblown oxygen thief.