Bens Creek Share Discussion Threads

[seagreen] 31/1/2023 21:08

Richard

On a point of order:

I never said I was a NOMAD (QE) and I never said I was a CFO and would never impersonate such lofty seniority or hate you to think I had.


Best
SG

[purchaseattgetopp] 31/1/2023 18:37

Everyone is laughing at you talking to yourself Patt lol

[purchaseatthetop] 31/1/2023 10:38

Looks like the second HWMer has not arrived in January 23. Let’s see if it arrives in February 23.

[purchaseatthetop] 30/1/2023 21:56

Stock of raw coal at 31/3/22 was 21.3k tons per RNS of 30/8/22. So 10.6k clean equivalent
Output of clean coal in six months to 30/9/22 was 99.9k tons per 20/12/22 RNS
Sales of clean coal were 88k tons in six months to 30/9/22 per 20/12/22 RNS
Therefore, inventory at 30/9/22 should be 10.6+99.9-88.0= 22.5k clean tons
The 20/12/22 RNS says closing inventory was 19.k tons.

So, my calculations are about spot on. It is so funny to see you flounder Seagreen. Mining output in September was 8k clean tons. That’s all. The RNSs say so. Explain that.

[purchaseatthetop] 30/1/2023 21:45

I haven’t decided mining virtually stopped in September. The RNSs says so. Check it. Anybody can check it. The fact you choose not to despite being so so wrong in every calculation you have made means I am sorry that the clueless one is you Seagreen.

[seagreen] 30/1/2023 21:43

Pinnochio

you need to take off the oppening stock which under your figures would increase Sept production to circa 19K clean ( I believe you did this in your originak guestimate?)

Or you could increase Augusts figures to nearer 30K clean and have less September which would make sense

Or shave a bit off July due to the flood and increase Augusts even more to nearer 40K which would explain his statement that they planned to hit 40K in August

Or do the hoky poky and just say what you want people to believe...as you simply do not know the monthly break down...

No idea when they ceased mining on the first site and started to prepare the new bridges and move the machine...

Maybe they very nearly did hit 40K in August but as soon as they got the permit on 21st Sept 2022 they started to prepare the bridges and stopped mining on the old site........who knows you do not I do not

Of course they were going to move to the new site as soon as possible it was bigger
and potentially more productive maybe the old seam had been totally mined out with no wasteage you do not know I do not know

Maybe they did not want to highlight the down time after a cracking August who knows

There was also clearly an issue with the subcontractors and subcontracted earth moving equipment some talk about number of shifts was mentioned

The point is this is the real world and you make dangerously sweeping statements and assumptions.... to manufacture the worst case scenario

So best to ignore your guesses.....

[seagreen] 30/1/2023 21:09

When you have finally stopped changing your guess numbers I might be bothered to check them, at the begining of April you were claiming virtually no production this changed to increasing the earlier months production to show a higher production in first 3 nonths and a lower production in the last 3 months...so you taked about an average production implying each month...now you have decided production virtually stopped in September

You appear clueless...

[purchaseatthetop] 30/1/2023 18:56

seagreen. I simply said that the average mining output was 17k clean tons a month for the six months. Do you want to know how much they mined in September 22? I can tell you:

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

So...92k clean tons (50% of 184k) mined in the five months to 30/8/22

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

So...they mined around 8k clean tons in September 22.

Your view at the time:

seagreen23 Sep '22 - 08:50 - 7108 of 8611

Currently producing circa 40k a month
STOP LYING
You pathetic little creature move on and grow up

So...actually there was a collapse in mining output in September 22 to just 8k clean tons BECAUSE THEIR OWN RNS SAYS SO and your view of 40k clean tons a month was a mere 400% above the true figure. You wonder why they had to move to the new permit? Because they had mined all the easily accessed seams on the old location as I forecast. The same will happen on the new permit. They will mine the easiest locations and then find it more and more difficult.

Glad to help your understanding.

[papillon] 30/1/2023 18:28

"So are Proactive paid as you say PAP and ENET with severe cash flow issues just paid them and raised finance"

I didn't say that, seagreen!! I just copied and pasted a post (by goforgold1) that I'd seen on a XTR bb. Read my post again.

[seagreen] 30/1/2023 18:22

Dear oh dear Richard

I know you love winding up people but your continual belief that the interim accounts which included a gradual phased stert up of production frpm one to two shifts, a kick start of the underground minining, a steady efficiency upgrade of the wash plant a change from a troublesome contracted fleet of earth movers to an owned fleet, some storm damage, some one of costs and production on a diferent seam....gives you a sound basis to divide revenue/output and costs by 6 is beyond totally barking mad.

But then you want to carry on the fallacy that the production for April, May, June, July, August and September were virtually identical .......which even a blind man can see is utter utter utter total balls...because it allows you to also pretend the monthly costs were similar each month despite it being obviously non sensical.

You know I am right but then you would have to admitt your arguments fall about

In addition time will tell, weather will tell, trains will tell, timing of the second HWN will tell

So it is a pointless game

[purchaseatthetop] 30/1/2023 10:13

But completely accurate. That is the tragedy.

[seagreen] 30/1/2023 08:54

Just politely saying your views are too biased to be trusted and not worthy of reading.

Everyone knows that now.

Have a good day.

[purchaseatthetop] 30/1/2023 08:43

Seagreen. There is no other medium than RNSs. BENs history shows how valid that is.
The recent Production Output RNS would have been positive if it had given mining output and not output from the processing plant.
What you see as bs for the 10 months has proven to be scarily accurate. You can just hope that I am no longer as accurate.
I feel very sorry for hurting Penstocks feelings*



*maybe that is a lie.

[purchaseatthetop] 30/1/2023 08:30

Seagreen. Why do you trust Adam? He has clearly led you totally up the garden path and lied to you from the getgo. Just read any RNS or revisit any Sunday Roast interview.

Why are you defending him? Especially as he is paying himself very well for failing to achieve anything. Taking 20% of the IPO $9m in salary and bonus in the first five months after admission is somewhat of a record.