Bens Creek Share Discussion Threads

[purchaseatthetop] 19/10/2022 19:53

MBU Capital Accounts Ltd (owner of BEN shares) accounts to 31/3/22 just filed.

Creditors within one year: £22.655m
Creditors more than one year: £28.7m

Therefore over £50m of debt and the only liquid asset is BEN shares. Read page 20 section 2.3 "going concern"

[seagreen] 19/10/2022 14:16

Calm down try not to stress.....your prediction is wrong...very small volume...

[purchaseatthetop] 19/10/2022 13:08

Which bit of sky falling in do you not recognise? Six months ago share price 105p and rising. Today 25p and falling with Megahighwall contract services contract ending in six weeks.

Update. 24.5p now. Seagreen. Can you not see that a large seller is simply selling as many as possible before others join in?

[seagreen] 19/10/2022 12:30

Oh did I say I was a real qualified ACA who does not lie?

[seagreen] 19/10/2022 12:27

Patt no one takes you seriously as all your false predictions that the sky is falling in never happen. Most people are cured of lying by six but you can still work at it even if you are over 60 give it a try.

[seagreen] 19/10/2022 12:24

ENET NAV tops 4p take away the R&D and its negative

BEN NAV probably trading at half its true NAV if you wished to buy/replicate it


The big diference is BEN (now) have reasonable revenue/production no idea when they will recognise it or tell us.

Monthly revenue/production is more than the maniplulated false annual revenue of ENET.


O/T

ENET have already had to fess up and write back some falsly recognised revenue last year, if you look at the notes to the accounts they are recognising revenue prior to invoicing.

The USA can/used to recognise revenue on a cost of completion basis (labour plus equipment) but the UK do not they look at each contract and guage the labour cost of completion. ENET is goverened by UK GAAP/IAS.

I suspect the owners being more familiar with USA accounting thought it was corrrect but had to write it back, so not accusing them of deliberate manipulation.

I did all the DD for a US$60M tech acquistion they booked 100% of the equipment into WIP added some nominal labour. Bobs your uncle due to the high value of equipment they were recognising 75% of contracts profit prior to having done any serious work.

[purchaseatthetop] 19/10/2022 12:04

Sea green. People might take you a bit more seriously if you did not write like a six year old. But actually, I doubt it.

[seagreen] 19/10/2022 12:02

Pants seem to be still smouldering imho

[purchaseatthetop] 19/10/2022 11:57

Papillon. Fully agree. But it is all about where it will be in six months not market mispricing now. Six months ago BEN was vastly overvalued and is about 15p above true valuation now. ENET is vastly undervalued but will correct. Let’s see!

[papillon] 19/10/2022 11:35

Well the BEN share price is currently down today, but the ENET share price is currently down by a far bigger percentage! 😁

[mindminer] 18/10/2022 20:13

I previously said you'd be in the low 20s last week but you're not there yet. Don't worry though. You will be by the end of this week. The chart is tragic. I'd be interested at around 10p after you've gapped down.

[purchaseatthetop] 18/10/2022 16:17

Watch a dump starting now.

[seagreen] 18/10/2022 11:03

What exactly are you good at?

Certainly all your investments have gone down spectacularly down the pan I almost can not bare to watch the ENET shareholders lose all their money by a thousand cuts it is too painful?

I would admire you more if you had a short open on ENET and made some money?

So why repeat the same diatribe over and over and over and over and over and over and over and over

Anyone would think Mr Wilson had upset you lol

Liar, liar pants on fire....

[purchaseatthetop] 18/10/2022 10:27

Seagreen. Oh. You meant something else? How amazing.
Section 8.7 confirms the lender is obliged to make further advances according to the Facility Agreement.
You really are not very good at this are you .

[seagreen] 18/10/2022 10:05

Edit what I meant was any additional money since 21 April 2022 to facilitate the additional purchases of shares by MBU?

I think not.

[purchaseatthetop] 18/10/2022 09:01

Seagreen. Your post:

seagreen18 Oct '22 - 08:11 - 7462 of 7464
0 1 0
No RNS saying MBU borrowed money from Blue Star
Tell me Harpic why would Blue Star lend MBU money
You just make it up
Totally round the bend

Actually because MBU have told us:

21/4/22 Debenture for money lent by Bluestar to MBU Capital Group Ltd.

Date of creation: 12/04/2022
Charge code: 1260 5280 0002
Persons entitled: BLUESTAR GLOBAL CAPITAL LIMITED
Brief description: ALL PRESENT AND FUTURE ESTATES OR INTERESTS OF THE COMPANY
IN, OR OVER AND FREEHOLD, LEASEHOLD, OR COMMONHOLD
PROPERTY; THE BENEFIT OF ALL OTHER CONTRACTS RELATING
TO ANY FREEHOLD, LEASEHOLD, OR COMMONHOLD PROPERTY,
THE SUBJECT OF THE SECURITY CONSTITUTED BY THE DEBENTURE
ANNEXED TO THIS FORM; AND ALL INTELLECTUAL PROPERTY (AS
DEFINED IN THE DEBENTURE ANNEXED TO THIS FORM).
Contains fixed charge(s).
Contains floating charge(s) (floating charge covers all the property or
undertaking of the company).
Contains negative pledge

[seagreen] 18/10/2022 08:42

Harpic people are still buying cos no one believes a single word you make up

[purchaseatthetop] 18/10/2022 08:16

Seagreen. What parallel universe are you living in? My “warped views” have proven 100% correct. Adam is actually to blame for everything. BEN was admitted to AIM with a prospectus that was instantly junked. Now BEN is just six weeks from no longer actually mining because they cannot control the Highwall mining while they would have been able to control underground mining. AW has lied and misled endlessly and now nobody (except you) believe a word he says or writes. And he has spent $38m doing this.

8am tomorrow. Lock-in ends.

[seagreen] 18/10/2022 08:11

No RNS saying MBU borrowed money from Blue Star Tell me Harpic why would Blue Star lend MBU money You just make it upTotally round the bend

[seagreen] 18/10/2022 08:07

Harpic Patt why do you get so stressed no one is going to believe your warped views what do you expect you have been shown to lie or "guess wrong about 20 times and you behave like a Rottweiler on heat blaming Adam for anything and everything. You lied you had to retract your lies get over itNo one trusts you Harpic.

[the modeller] 17/10/2022 20:53

A dog returns to his vomit.