Bens Creek Share Discussion Threads

[hamidahamida] 17/10/2023 18:24

With all this wisdom How did you get trapped in STXOh boy you are deep under water there

[dudishes] 16/10/2023 18:31

A few late buys there, shorts remain in order.

[papillon] 13/10/2023 23:40

👍 Normawoods. He's a Walter Mitty fantasist. He lives in a dream world.

[normawoods] 13/10/2023 22:50

No sign of the UK's multi millionaire ambulance driver today,strange 😅

[papillon] 13/10/2023 13:12

Oil showing a big percentage rise today. Gold & Silver also showing big rises. Other commodities, eg Copper & Aluminium, are flat.

[papillon] 12/10/2023 23:27

Regarding the BEN chart, seagreen. The potentially bearish short term H&S chart pattern I highlighted has yet to form. You can't predict it will form. You have to await it's formation. Even then the implied target share price is only a probability. It's not set in stone.
As I've posted before I know next to nothing about coal mining. I'm not invested in BEN. Unfortunately my BEN long term chart is still bearish. That, of course, could change.

[papillon] 12/10/2023 23:09

purchaseatthetop and 504 are a pair of boasting, delusional, Walter Mitty fantasists. Whether they actually had as much money invested in ENET as they say they had is very much open to question. If they did then they have suffered horrendously large losses.
The deeply discounted placing at the start of the year showed that ENET obviously had trouble making ends meet. The 2nd deeply discounted placing in May showed that ENET was desperate for cash. purchaseatthetop and 504 chose to ignore those warning signs and continued to add to their allegedly large holdings (or so they said). They continued to ramp ENET non stop. This shows they were unable to face up to reality and admit they had made a big mistake. A pair of sociopaths?

[seagreen] 12/10/2023 21:50

Pretty miserable for everyone tbh
I do not take any pleasure ...ADVFN used to be about helping each other that is what is sad.

[normawoods] 12/10/2023 16:34

Seagreen, I'm delighted for Patt😅

[seagreen] 12/10/2023 15:47

pap

I do not really understand the BEN chart/share price recent movements unless ADVFN trade analsis is so far out there seem to have been far more buys than sells ...unless the MM's are short of stock and/or know there are a lot of margined holders or they are setting a bear trap...but who knows I do not really believe in all of that these days it is what it is and people have been buying and selling within the spread....but the coking cxoal price has cheered up and I am nearly finished a more in depth drll down into the numbers and I am turning positive....better than these flash shoot from the hip assanation forecasts so favoured by the "crew" but then people on the LES thread were stating it should be 40p now...so jut quietly doing my own numbers..............ironic the "crew" were screaming a placement here not there.

I am sad for the genuine holders who have been conned into the web of deceit

[seagreen] 12/10/2023 15:37

ironic the "crew" were baying that BEN was about to be suspended but now the "crew" find their precious one has been suspended

Karma is your friend

[papillon] 12/10/2023 13:02

Normawoods12 Oct '23 - 12:55 - 10619 of 10620
0 1 0
Patts enet has finally gone bust 🤣

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

It's not surprising, Normawoods. It's been the likely outcome ever since the first deeply discounted ENET placing at the start of 2023. Cash is King!

[normawoods] 12/10/2023 12:55

Patts enet has finally gone bust 🤣

[papillon] 12/10/2023 12:40

Very unlikely, Boatman123, as ohojim has been a member of advfn since October 2002 and purchaseatthetop has only been a member of advfn for around 4 years. Of course it's possible that purchaseatthetop is an alias of ohojim! 🤣

[boatman123] 12/10/2023 11:42

Pretty sure ohojim is another one seagreen

[papillon] 12/10/2023 11:23

Possible bearish H&S pattern forming on the BEN chart. I stress the word possible. Possible target share price is 10p. Of course nothing is guaranteed in the world of charting. It's all a matter of probability.

[seagreen] 11/10/2023 19:12

10 kengths clear in the go back to jail 6F dash
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normawoods 5 Oct '23 - 08:12 - 10502
0.001010
Now it's time for the clown of the week awards.
And in first place goes to
1. Purchaseathetop (liar,cheat,crook)
2. bbmsionlypostafter Mk2 (Patt alias)
3. 504 (Patt alias)
4. Tiny Tim (Patt alias)
5. Steadiereddy (Patt alias)

[purchaseatthetop] 11/10/2023 16:09

I wonder what Avani really want from BEN and why they have a 29.9% shareholding. I don't think it is because they rate the management. But why?

2/5/23 RNS: "In addition Avani has undertaken in the Avani Relationship Agreement that transactions between the Company and Avani shall be in the best interests of the Company and at arm's length and on normal commercial terms."

So, Avani will be buying coal from BEN for export to India etc. The price for export coal to India is about $65 a ton less than the Platts headline price so the returns for BEN will be very low. At 31/3/23 BEN already had a stock of 57k clean tons of coal (they kept that number off the accounts) and that would have risen much further since unless they have been selling to Avani because I think Integrity would only have their offtake two trains a month.

26/6/23 RNS: "The Company also announces that the Group has raised $6,500,000 (equivalent to c. £5,110,000 based on current exchanges rates) through Bens Creek Operations LLC ("Bens Creek Operations"), a 100% owned subsidiary of the Company, issuing unsecured loan notes (the "Loan Notes" or the "Notes") to Avani Resources Pte Ltd (the "Lender" or "Avani "), the Company's largest shareholder."

7/7/23 RNS: "On 7 July 2023 Bens Creek entered into an unsecured loan note agreement with the Avani for a total subscription of $6.5 million of Loan Notes. The Loan Notes have a term of 18 months and interest will roll up and be repaid as a bullet at the maturity of the Loan Note (the "Repayment Date")." and "Bens Creek Operations LLC, a 100% owned subsidiary of the Company, unconditionally and irrevocably guarantees to the Lender the punctual payment to them by the Company of all monies payable under the provisions of the Loan Notes"

Therefore Avani have all the assets of BEN and the permits etc secured on these loans.

What I think they are planning is to suck as much really cheap coal out of BEN for the next 18 months meaning that when the loans cannot be repaid in 18 months time they have a lien on everything and can leave PIs high and dry. it has certainly been set up to make that possible.

I just throw these ideas out here because the RNSs make me imagine what Adam and Co are really thinking. It seems extreme and highly unlikely. Until it happens. Every time.

[bbmsionlypostafter mk2] 11/10/2023 11:26

How's the wife?

[seagreen] 11/10/2023 11:19

normawoods 5 Oct '23 - 08:12 - 10502
0.001010
Now it's time for the clown of the week awards.
And in first place goes to
1. Purchaseathetop (liar,cheat,crook)
2. bbmsionlypostafter Mk2 (Patt alias)
3. 504 (Patt alias)
4. Tiny Tim (Patt alias)
5. Steadiereddy (Patt alias)

[ohojim] 11/10/2023 11:08

I think you will find, having analysed his output (especially yesterday), that as far as body parts go, he is more of a sphincter really.