Bens Creek Share Discussion Threads

[seagreen] 01/11/2022 09:52

Looks like the penny has dropped with the market to.Time to buy as it is clear the company is producing 40k tons a month and has sufficient stock of ROM coal produced to fill it's train commitments Added bonus Pinocchio's pants are on fire in a raging bonfire of his vanity CHECK THE ENGLISH IN THE RNSIt is the pile of stock of ROM coal which pre washing can be stock piled on open land prior to being washed for delivery.Nothing else makes logical sense and ut ties in with the operational update.

[seagreen] 01/11/2022 09:44

Patt That is the major detail you got wrong, that is what you misinterpreted from the RNS.You wanted to show they only had produced what they sold so you retrospectively grabbed the month end stock figure without thinking in due haste and said it was total production for the period.As a Maths teacher said always read the question like an idiot to make sure you understand what the question is rather than answer what you want the question to say.Your logic and production figures have never and still do not make any sense.No CEO would take on another HWM to produce the levels you are claiming. He would blow up the company.I await for the penny to drop and for your,admission you have been wrong,all along

[seagreen] 01/11/2022 09:35

DrewAs all you can do is criticise I suspect you can not add upThe figures do not lie they just get manipulated by con artists/idiots to falsify information.Go check the logic.There were delays I am not commenting on profitability. I am just saying correct interpretation shows we have caught up with production levels 40k tons a month.They have been serviced with regular trains they are still being serviced SG

[seagreen] 01/11/2022 09:29

Allo Allo I shall say this only oneWe av 2 of the most pathetic con artists on this thread

[drew lonmenob] 01/11/2022 09:28

only plot lost is yours dear boy. youve been bullish all the way down. not aged well.

[seagreen] 01/11/2022 09:27

Oho with one i It's a reference to the policeman in a tv show who pretends he can speak french

[purchaseatthetop] 01/11/2022 09:16

The Trouble with Tribbles is my favourite ever Star Trek episode.

[ohojim] 01/11/2022 09:10

"The trible with bad layers is they always get caught with their pints on fire"


Hahahahahaha

[ohojim] 31/10/2022 22:06

seagreen

So, you admit your "Facts" are not facts. You would like them to be facts. But in fact, you are lying. Well, at least you are consistent, in your gin addled world of make believe.

[stocky50] 31/10/2022 21:57

Ah Patt. May be one day you and me will go through this again. For now - am bored and tired of explaining.

Your way of interpreting information is so far fetched - I don’t have the energy.

Good luck to us all.

[purchaseatthetop] 31/10/2022 18:31

Really important news!

Do you remember the 14/3/22 RNS regarding the "mistake" to override the Rule 7 Locking? That I got reversed. It said:

"MBU Capital have stated that it was never the intention to grant any security that breached its Rule 7 lock-in obligations and both MBU Capital and Bluestar have now agreed to remove the Debenture without delay. The form of the Debenture that was entered into by MBU Capital and Bluestar was incorrect and therefore entered into in error. MBU Capital has confirmed that while the Rule 7 lock-in remains in force any future debenture arrangements that may be entered into by MBU Capital will specifically exclude the granting of any security or pledge over any of its shareholding in Bens Creek."

Well. Its back:

28/10/22 New charge (the second unsatisfied charge) set up with Bluestar:

This time full security over BEN shares.

Just in case anybody thought that MBU Capital Group Ltd had any money here they are securing new loan facilities. So, they do not have to sell. They can borrow against the shares and let Bluestar override the soft lock-in.

[ohojim] 31/10/2022 18:11

seagreen 31 Oct '22 - 14:47 - 7718 of 7724
0 1 0
Fact Mr Iqubal/MBU have increased their holding by £1.8M over the last few months
Fact Mr Iqubal/MBU have not sold a single share
Fact Mr Iqubal and his family are happy with the progress
Fact MR Iqubal is still investing in other projects


seagreen

Your 3rd "Fact" is very intriguing. How do you know this? Are you a friend of Mr Iqubal and his happy family?

[purchaseatthetop] 31/10/2022 16:21

Seagreen Why on earth do you think they are producing 40k tons in September?

25/7/22 RNS:
"The Company's estimated production from April to July 2022 is likely to be approximately 80,000 clean tons (160,000 raw tons) of metallurgical coal."

30/8/22 RNS:
"Current trading outlook
Ø Production steadily increasing month on month. Between April and August 2022:
ü 184k raw tons of coal have been stockpiled"

From their own RNSs you can see output in August 22 was 24k tons raw coal (12k tons clean). As far as I can see actual output is falling as that is back down to April/May 22 output levels from before the second shift was implemented.

I know you do not like this data but it is straight from Adams own RNSs. Is he lying? Or am I lying to have copy and pasted it here?

Here is what I think: BEN picked the lowest hanging fruit with the Highwall Miners when they started mining. The easiest seams to contour bench. The least steep gradients. The nearest to the stockpiling area. The easiest to mine. But they were running out of easy pickings. So output fell. Which is why they had to move. You see, Highwall Mining is very inefficient unless you are extending the mining from a pre-existing open pit mine or existing contour bench. Just the way it is.

I just love the wording. “Production steadily increasing month on month”. This makes Seagreen think that monthly output levels are rising. But it does not mean that. Any new coal mined means production rising. The only way to reduce production is to start jamming the coal back into the holes.

[seagreen] 31/10/2022 16:01

What do you not get about it you know you are lying and


NO ONE TRUSTS YOU ANYMORE

[seagreen] 31/10/2022 15:59

Fact

You estimated and back loaded the production to the early months to imply no significant production had ocurred due to the second shift to disguise the fact that they were nearing 40K tons

Fact

Due to the above misinformation you are stating September's production was 20K tons as opposed to 40 or nearly 40K tons

YOU ARE THE IDIOT FOR NOT THINKING EVERYONE CAN SEE RIGHT THROUGH YOU

You are one sickman

[purchaseatthetop] 31/10/2022 15:48

Seagreen. You post 7710: "YOU HAVE NO IDEA WHAT EXACT AMOUNT OF COAL HAS BEEN PRODUCED IN THE SECOND HALF YEAR ENDING SEPTEMBER UNTIL THE YEAR END ACCOUNTS ARE PRODUCED YOU ARE JUST ESTIMATING AND GUESSING."

May I refer you to the 30/8/22 Final Results RNS:

Current trading outlook
Ø Production steadily increasing month on month. Between April and August 2022:
ü 184k raw tons of coal have been stockpiled
ü 66k clean tons (equivalent to 134k raw tons) sold via 6 trains
Ø Further 8 trains booked, two per month from September to December 2022, equivalent to 179k raw tons

I think that gives me a pretty good idea for 5 of those 6 half year months were BECAUSE THEY TOLD US YOU IDIOT!!!

[purchaseatthetop] 31/10/2022 15:41

Stocky. Saint Nicholas House Limited.

6/1/22 Administrators Report. Section 5. Secured Creditors. States that BV8 have a Third Party Guarantee.
20/7/22 Administrators Report. States BV8 owed £5.683m unpaid.

Saint Nicholas House is owned by MBU Capital Real Estate Development Ltd
MBU Capital Real Estate Development Ltd is owned by MBU Capital Ltd
MBU Capital Ltd is owned by MBU Capital Group Ltd
Iqbal owns 100% of MBU Capital Group Ltd

May not be quite so ring fenced as you think! As you may have noticed I absolutely love it (channeling my inner Kevin Keegan) absolutely LOVE IT, when they try to hide ownerships and debts in hierarchies of companies.

[drew lonmenob] 31/10/2022 14:58

Fact seagreen is a loser

[seagreen] 31/10/2022 14:47

Fact Mr Iqubal/MBU have increased their holding by £1.8M over the last few months
Fact Mr Iqubal/MBU have not sold a single share
Fact Mr Iqubal and his family are happy with the progress
Fact MR Iqubal is still investing in other projects