Bens Creek Share Discussion Threads

[seagreen] 22/9/2022 10:20

Police continue to warn against fake news on social media.

[purchaseatthetop] 22/9/2022 09:05

Read the RNS carefully and you can see that there is no second HWMer coming from Megahighwall.

The RNS says “to deploy a second Highwall miner that is to be operated by the companies Highwall mining contractor”. Not supplied. Just operated.

So, now the next HWMer will be the unrepaired heap of junk that Adam bought early this year. It is what I said. Megahighwall we’re never going to supply another HWMer. The existing one might also leave end of Nov.

That is the trouble with this company. Everything from the admission document to every RNS to the ownership structure and costs are opaque and designed to mislead. Now they have told you the deal with Megahighwall is off but you do not know it. Thanks to me you now do. Say thanks to PATT.

Over on LSE I read their gushing celebrations. Very sad.

[purchaseatthetop] 22/9/2022 08:48

Let’s hope it does not blow up in your face.
*mike drop*

[maverickps123] 22/9/2022 08:44

Sold TNT yesterday! Adding here and other stocks!

[bennyboy1975] 22/9/2022 07:02

Now we have the permit that’s more profit for the company and shareholders. I said lets ignore this week,we have all done well to ignore any negative comments so keep going everyone, don’t reply just add your positive comments here.

[hazelst] 22/9/2022 07:01

Thief alert!

[purchaseatthetop] 22/9/2022 06:59

OK. Have it your way.

[bennyboy1975] 22/9/2022 06:57

Now we have the permit that’s more profit for the company and shareholders. I said lets ignore this week,we have all done well to ignore any negative comments so keep going everyone, don’t reply just add your positive comments here.

[purchaseatthetop] 22/9/2022 06:37

Bennyboy. That’s the way to do it. Head in sand and be like an ostrich.

“More profit for the company and shareholders”. FYI the company has only made losses so far and burned $38m getting here. Unless it can sell more than 22k tons a month it can never make a profit. That is the whole point of my post. It is not being negative, it is being realistic.

In two months time, on 30/11/22, unless a contract is agreed, there will be no HWMers on site and no mining happening. Let alone mining with two HWMers. This is an existential threat and remember that on 27/6/22 Adam RNSd that the contract for the second HWMer would be signed on July 22. That was three months ago.

[bennyboy1975] 22/9/2022 06:32

Now we have the permit that’s more profit for the company and shareholders. I said lets ignore this week,we have all done well to ignore any negative comments so keep going everyone, don’t reply just add your positive comments here.

[purchaseatthetop] 22/9/2022 05:50

Expect a Sunday Roast interview. Please no. How about a proper RNS giving:

1) Signing of new HWM contract for second Megahighwall HWM and date of commencement.
2) signing of a new extension to the contract for the first HWMer that runs out 30/11/22.
3) progress of recruiting and resourcing for becoming owner operator of clearing.
4) new coal offtake agreements to be able to sell more than the 22k tons a month to Integrity.
5) extension to Integrity offtake agreement beyond 31/12/22 with extra trains each month.

Otherwise, this new permit has no value as the stockpiling capacity is 50k tons, which they must be close to, and their present HWMer produced just enough for two trains a month. Any more output cannot be stockpiled.

Now, if they delivered that list plus say cash balance and some cash forecasts then this would be a proper business.

But, sadly, I expect just Sunday Roast cheese and a monster pump to clear millions of stockpiled shares. We will see but I cannot see how anybody, even Seagreen, can argue with my list.

[millie987] 22/9/2022 01:07

Permit's granted.

hxxps://apps.dep.wv.gov/WebApp/_dep/search/Permits/OMR/Permit_details.cfm?permit_id=S500921&dep_office_id=OMR&responsible_party_name=BEN%27S%20CREEK%20OPERATIONS%20WV%20LLC

[bennyboy1975] 21/9/2022 20:06

Permit all ticked off now so not long hence the price held high this afternoon

[purchaseatthetop] 20/9/2022 15:30

ENET up 50% and now ready to massively multibag. Remember I told you here. I was right about BEN and I am right about ENET.

[hazelst] 20/9/2022 07:39

Naughty little thief!

[purchaseatthetop] 20/9/2022 07:34

No crew. Just me. Just watch ENET fly now.

[bennyboy1975] 20/9/2022 05:50

This week please ignore Patt











































Please ignore Patt and crew

[purchaseatthetop] 19/9/2022 21:33

Buying shares is not contributing. It is investing. Get with the program.

[bonzo03] 19/9/2022 20:58

I contribute with shares I'm not a deramper like you!

[purchaseatthetop] 18/9/2022 21:43

Don’t be rude to hazelst.

The point is contradictory motivations.

Blue Star Capital Group are NOT a third party non involved company. They were secretly involved with huge share discounts from the getgo to the tune of 22m shares at 10p. They hold the financial reins of MBU Capital. Mohammed Iqbal and Raju Haldankar are completely in control (Raju until recently) of MBU and BEN.

As a PI it is completely lunatic to have the decision makers completely dependent of certain lenders who have security over everything. MBU Capital has a defaulted debenture with Bluestar Enterprises, MBU Capital Group Ltd has debenture with Blue Star Capital Group, and BEN has Blue Star Capital Group as the source of its funding, not MBU Capital Group Ltd as stated in all the RNSs and tens of millions of BEN shares have been secretly given to Bluestar Enterprises and Blue Star Global Capital and sold on at a huge profit. Very murky for a private finance company in a house in Ruislip.

When you see that Blue Star Capital and other secured lenders are the only thing that matters as the debt that Mohammed owned himself (which he transferred to MBU Capital Group Ltd on 21/5/21) must be cleared, and that the recent placing was just another part of the profit making exercise to clear the debts, then clarity of purpose is easy to see.

How can you have the BoD selling discount shares to a company that other companies they own owe huge sums to be acceptable after they have already secretly given them 22m shares and tried to overrule the rule 7 lock-in?

It is a bit like the BoD deciding to pay themselves $1.8m in the period 19/10/21 to 31/3/22 when in the same period they raised $9m initial placing, plus two clns worth $12m and another $7m of MBU loan (the last two items totalling $19m with an average 11% interest rate). How can that be justified when the BoD have tens of millions of shares and options at 10p and 5p? They are motivated enough but this shows they are also greedy at the expense of PIs.