Bens Creek Share Discussion Threads

[purchaseatthetop] 09/1/2023 17:31

Seagreen. Two shifts were only running from 7/11/22. They were running two shifts in the six months to 30/9/22 and produced 17k tons clean per month per Interims. That is just over 2k tons per shift week
Now you are saying that they have produced 43k clean tons in five week when there were two shifts for only three of them. That is over 5k tons per shift week.
I simply do not believe that is possible.

Let’s have another humble pie bet. I know you like humble pie.
Last time you got the output to 30/9/22 wrong by 100% and calculated a closing stockpile of 184k tons ROM at 30/9/22. I got it spot on. You lost and ate humble pie.

This time if output remains at below 25k tons again for the next six months to 31/3/23 you have to put your hands up and munch pie. If it over 35k tons it is humble pie for me.

Deal?

[seagreen] 09/1/2023 16:45

Look at the RNS
The rest was not RNS as you pointed out
You can not always have it both ways.

Whilst technically 5 weeks there was thanksgiving holiay so I suspect it was more like 4 1/2 weeks.
The first quarter production would not be representative as you have thanksgiving and christmas holidays plus the doown time to move the HWM in september.
So he is quite justifiably taken a period when two shifts were up and running on the new site.
Increse in production may well be due to the bigger seam and increased wash plant efficiency but that is still grand...it all counts and as the wash plant efficiency has improved and the rubble reduced the cost of sales whould come down as well thanks for reminding your viewers.

It goes with all production of all commodities you get some seams that are better than others. Interesting they are going to place the next HWM on a new site they have identified as it will reduce down time having two sites when they next need to move onto another site. They are far more mobile now that they are in control of their own vehicles that suport the HWM so we may get a significant uplift in gross profit as the we carry on through the year.

Whatever way you look at it they produced 43K tons which is nice

[seagreen] 09/1/2023 16:06

particularly if you no longer accept RNS statutory announcements...

[seagreen] 09/1/2023 15:56

purchaseatthetop
6 Jan '23 - 13:10 - 13345 of 13360
0 1 0
Forecasting is really difficult. Especially about the future.

[seagreen] 09/1/2023 15:55

No pleasing some


purchaseatthetop
9 Jan '23 - 13:26 - 8316 of 8318

If they were mining in excess of 30k tons clean a month I would fully agree that the share price should soar.

[seagreen] 09/1/2023 15:53

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce that from 26 October 2022 to the end of November 2022, the Company has produced a total of 43,736 clean tonnes. This production came from the newly permitted seam. Despite closing for the American Thanksgiving Holiday, the production in November 2022 is the highest monthly production to date and exceeds by 18% the Company's original peak annual production target at the time of the Company's admission to AIM, details of which are set out on page 24 of the Company's Admission Document published on 13 October 2021; 'to reach peak annual production at 0.44 million (444,000) tonnes in 2025.' which equates to 37,000 tonnes per

[papillon] 09/1/2023 13:57

free stock charts from uk.advfn.com


No chart break out yet, sirmark. It's up against resistance. The share price is rising, but on low volume. Congratulations to those who bought at circa 20p in late December. I'd be tempted to take the profits, bwtfdik?

[sellatthetop] 09/1/2023 10:52

1 train, 1 HWMer. Forget 30p

[sirmark] 09/1/2023 10:19

Chart breakout, should see 30p in the coming days/weeks.

[purchaseatthetop] 08/1/2023 08:12

Bennyboy and his 10 IQ lol

[bennyboy1975] 07/1/2023 18:45

HVA up again $296 huge profits
PAtt and his 10 accounts lol

[purchaseatthetop] 07/1/2023 09:34

Why is my post 8306 "deeply devious"?

The Production Update RNS of 2/12/22 reads: Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce that from 26 October 2022 to the end of November 2022, the Company has produced a total of 43,736 clean tonnes. This production came from the newly permitted seam.

The Mining Update RNS of 7/11/22 reads: The Company was able to produce 2,500 tons of run of mine coal in a single day with a higher clean coal recovery of 62%.

It is the small differences that matter. A mining update is run of mine tons. A production update is turning the stockpile into clean tons.

Then 20/12/22 RNS stated:
Interim Results Highlights
· The Group produced 99,928 tons of clean metallurgical coal in the period.

The 7/11/22 RNS stated: As of 7 November 2022, the Company has introduced a second shift on its first highwall miner which will allow the Company to double daily production.

So...having averaged only 17k clean tons for the six months to 30/9/22 using one HWMer with two shifts for most of that period, you are suggesting that they have mined 43,736 clean tons between 26/10 and 30/11/22 despite only adding a second shift on 7/11/22.

My view is not devious. It is the RNS that is deeply devious. It suggests that they are fully up to speed and have over doubled their monthly output despite halving their shifts for half the period. It is quite impossible.

Adam writes very clever RNSs that are, as Churchill said, like a bikini. What they show is suggestive but what they hide is vital.

[seagreen] 06/1/2023 13:40

Cjohn solid post

Post 8306 deeply devious

I see no mention of the phrase "wash plant" in RNS 2nd Dec 2022



Perhaps there is another RNS I have not seen?

Impossible to see what costs in the interim accounts are one off remedial/start up costs and relates to a lower than expected/hoped for production.

You know what the already washed stock was at 30/Sept/2022 it is RNS's in the interim accounts

You know there was down time when the HWM was moved and the introduction of the HWM onto the new site was phased in gradually.

You know the RNS states between "26 October 2022 to the end of November 2022" including down time for extended national thanksgiving holiday period.

No point guessing what the cost per ton is between 26th October to 30th Sept 2022 as the data is not available

Same old same old scare tactics.

PS So sad about Gianluca Vialli a truly great man who a top player and a top manager. Had the pleasure of watching him at Stamford Bridge many times.

[purchaseatthetop] 06/1/2023 12:38

sellatthetop.

How do you get the 4 trains = profit to pay off debt?

The accounts to 30/9/22 showed a gross margin of 5% on sales.
They averaged output of 17k tons clean in the six months to 30/9/22 which is 1.5 trains per month.
They still have just one HWMer.
There has been no RNS that changes any of that. Just Sunday Roast nonsense.

You can wish for things but that does not make them real.

[sellatthetop] 06/1/2023 12:32

2 trains = no profit.
4 trains = profit to pay off debts.
7 trains = positive profits and dividends.
How long till they sell more than 22000 tons each month?

[purchaseatthetop] 06/1/2023 11:17

Cjohn. Thanks for your very reasonable post.
The only weakness is that there is no real evidence of increasing monthly mining output. The devious RNS stated high production from the washplant. Not mined output. They could easily have had a large stockpile and processed that in one go. Would be economic. They have continually claimed rising output but actually it has dropped in September.

Also, no evidence that they are remotely close of profits. Their cost of mining per ton is the same as their revenue per ton. As per accounts to 30/9/22.

But we shall see won’t we! Good luck all.

[sirmark] 05/1/2023 14:36

Looking good, 30p close possibly

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[bennyboy1975] 03/1/2023 20:16

Lol another account of patts lol oh and his stock picks were swine lol lol mega lol patt