Bens Creek Share Discussion Threads

[papillon] 29/12/2022 19:59

free stock charts from uk.advfn.com


I wonder what the future holds for the BEN sp?

[purchaseatthetop] 29/12/2022 18:21

So….the 6% of shares on Admission available as 5p options. Who got them?

Adam Wilson 10,500,000. 3%
Bob Warnick 3,500,000. 1%
Raju Haldankar 2,000,000. 0.6% in May 22
Murat Erden 1,000,000. 0.3% in Dec 22

Still some available.

[purchaseatthetop] 29/12/2022 16:12

Hi Seagreen. Humble pie?
Haven’t you read that Mystery of the Missing Highwall Miner book? Bit of a slow burner.

[cambradjones] 29/12/2022 15:58

Different profile, slightly diff wording.

[bennyboy1975] 29/12/2022 15:10

You forgot to switch profiles patt

[truant2tb1] 29/12/2022 15:04

Easy sell here. Pump and dumpMasters degree in Corporate Finance not required to work this one out!

[andrbea] 29/12/2022 15:00

chart-wise, is this another seasonal surge, like a year ago?

[purchaseattgetopp] 29/12/2022 14:57

I’ve purchased some shares in Ben

[bennyboy1975] 29/12/2022 14:56

Looks like another full day of nonsense chat from patt lol

[purchaseatthetop] 29/12/2022 14:43

Get ready for the dump!

[hazelst] 29/12/2022 14:35

The new investor has made 15 percent in a matter of hours........how much did the derampers make? Rhetorical question btw.

[purchaseatthetop] 29/12/2022 13:49

Well. Seems like a few are right now! Nothing like an insider getting his nose in the trough RNS to bring in the buyers!!!

[danmart2] 29/12/2022 12:48

Why would any new investor go near BEN?

[the modeller] 29/12/2022 12:00

Jealousy will get you nowhere 🤣🤣🤣

[farrugia] 29/12/2022 07:27

yes doesn't look good for shareholders -

'These options have identical terms and performance criteria to those granted to individuals at the IPO as disclosed in the Admission Document.'

But they didn't state the terms! What is the strike price of these options?

[purchaseatthetop] 29/12/2022 07:25

Glad to see that Murat deserves 1m options ontop of his salary. For delivering his skills in ESG?

The company gets an award for employing non existent staff with photoshopped photo.
Murat gets 1m options at 5p for not mining enough.

I reckon that he is not even directly employed. He was appointed on 12/7/22 and then bought 425,000 shares at 34p on 13/7/22 via his company Erden Investments Ltd. I think he is employed through Erden Consultancy Partners Ltd.

You could not make it up. How about RNSing actual mining output in October and November?

[purchaseatthetop] 26/12/2022 07:26

The Admission Document says:
11.12 Rail Lease Agreement
On 1 March 2021 BC Operations entered a Rail Lease Agreement with BC Rail Holding for the lease of 25,580 tract feet (TF) of rail, including the siding, associated OTM (plates, spikes and anchors) and joint bars situate in Wharncliffe, West Virginia, and known as the Briar Mountain Branch Line Track, for the purpose of BC Operations flood loading coal into rail cars at the Preparation Plant and
transporting it using the track. The term of the lease is month to month commencing on 1 March 2021, and continuing until terminated by either party on six months’ written notice. The monthly rent is $4,583. BC Land is solely responsible for contracting with the Norfolk Southern Rail Holding Company for the transportation of the coal loaded at the Preparation Plant. The agreement was conditional on the Railroad Siding Agreement, described at paragraph 11.14, being entered into.

That was a really good deal for BEN as there was no escalator clause in the annual rent of $55k.

Right now BEN are paying 15% interest on its loans and borrowings so its Opportunity Cost of capital is at least 15%. Therefore, this rate should be used to calculate the net present value of the cashflow impacts of any investment decision.

The NPV at 15% of $55k paid every year for the next fifteen years is $321k.

What on earth are BEN doing paying $650k for this reduction in rental? It is clearly not aligned with shareholder value in BEN and certainly very beneficial for MBU Capital Group Ltd.

[serratia] 25/12/2022 11:18

hxxps://www.share-talk.com/bens-creek-group-plc-aimben-proposed-acquisition-of-bens-creek-rail-holding/?utm_source=mailpoet&utm_medium=email&utm_campaign=weekly-stock-market-news-from-share-talk-1