Bens Creek Share Discussion Threads

[papillon] 27/10/2023 18:50

free stock charts from uk.advfn.com


This chart and chart indicators implies that the BEN share price has further to fall in the short term. Possibly falling to test support @ 10p? Warning; there is no guarantee that this chart based prediction will be proved correct! News trumps charts as SVE has proved today.

[dudishes] 27/10/2023 17:14

Nought in your favour Charlie.

15 and 15.5, no big deal here, but lets go down further?

Makes sense

[purchaseatthetop] 27/10/2023 16:59

I sold STX and bought ENET at 0.25p, 0.38p, 0.7p. Now 2.6p. So STX is doing very well as ENET. Thanks for asking.

[rodney101] 27/10/2023 16:57

How's Dog STX mate

[purchaseatthetop] 27/10/2023 16:49

They were losing $15 per ton sold in the six months to 31/3/23 after all cash and non cash costs at gross margin level. But coal prices in three months to 30/6/23 were even lower than the six months to 31/3/23. There was recovery in the last three months. But royalty costs have also risen from the loans and transport etc rose (made clear by Warrior Met coal). They might be just in gross margin profit now. But they need a lot more than that with overhead of $1m a month. Interest costs are $5m ayear alone though $3m of that is rolled up into the loans. However, it won’t be pretty.

[seagreen] 27/10/2023 14:06

Could do without the ridiculous bonus levels TBH as I have said all along.as has Patt.

[seagreen] 27/10/2023 14:05

CJ
I need to finish my analysis. They still had some delays up to Sept, They already were delivering a cash gross profit before depreciation and depletion last year, I think they will be gtoss profitable after depreciation and depletion in the first six months.

Net profitablity may be near as there were quite a few one off expenses, maybe net cash profitable ignoring depreciation and non cash accounting enteries...but may have to wait for last six months of the year with two HWM's. Need to do sums, but it is doing far better than people think and touch wood we appear to have avoided another mega storm.

Will send you my views butCheltenham today.

[seagreen] 27/10/2023 13:51

well played...I so nearly bought a few .....kicking myself...Levy is very smart cookie....fingers crossed you get your investment back.

[cjohn] 27/10/2023 12:04

Anyway of more interest is as to whether they are currently profitable, given the rise in met coal price?

[cjohn] 27/10/2023 11:48

Bar lowered, surely?

[purchaseatthetop] 27/10/2023 11:19

Goforgold doesn’t do reasoning. Just hatred. BEN will not get suspended. But I cannot wait for the accounts to 30/9/23. They are going to redefine terrible. Quite a challenge after the bar raised by accounts to 31/3/23 and 30/9/22 mind.

[purchaseatthetop] 27/10/2023 11:16

I have a soft spot for Seagreen. I respect his hatred of Bergen on ENET. Up 1500% in the last three days.

[cjohn] 27/10/2023 11:16

What is your reasoning for a suspension now?

[cjohn] 27/10/2023 11:15

Thanks seagreen. I appreciate your help.

[seagreen] 27/10/2023 11:12

CJ

The link in the threader which is a day behind is now subscription.
Not sure of its reliability but this one (also from previous day) is a good guide
hxxps://www.globalcoal.com/coalprices/metmarketdata.cfm

The aussie price is always higher

[goforgold1] 27/10/2023 09:19

This is just full of debit , total cash cow for Adam and co . Would not be suprised for this to get suspended soon

[cjohn] 27/10/2023 08:02

A very temperate and well-thought through article.

[cjohn] 27/10/2023 08:01

What is the current met vol B price?

Is there a reliable page to follow this price?

[dudishes] 26/10/2023 16:43

Probably stuck his shirt on @ 15p, since wiped out.

[truant2tb1] 25/10/2023 20:35

Just a matter of waiting for the next shoe to drop here.
Btw now and then Seagreen’s various characters can talk to each other

LOL

[papillon] 24/10/2023 19:04

Well worth reading this article. Is he correct? I think so going by his track record, but others will disagree with him. Only time will tell if he's right, or wrong.

[normawoods] 17/10/2023 20:16

hamidahamida
Patt is also trapped in enet at 40p and it's weeks away from the administrators 😅

[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.