Bens Creek Share Discussion Threads

[purchaseatthetop] 27/11/2023 17:58

Jarega85. The entire Prospectus snd Admission Document including the Expert Report was entirely about underground mining. The Highwall mining suddenly appeared just a couple of days after admission.

[jarega85] 27/11/2023 17:14

I just never believed they were going to underground mine though, there was little to no mention of it and it immediately focused its business plan on highwall mining

[purchaseatthetop] 27/11/2023 16:31

Jaregas85. You are half right, half wrong. Weirdly it could have been a great success had they followed the Admission Document mining plan which was underground mining at low cost. Sadly, Adam and Iqbal were only interested in fleecing PIs which they have done while paying themselves huge salaries for doing nothing. But it could have been good. The moment I saw the Highwall miners it was clear that it was mining to claim they were mining to pump the share price using RoastPR an£ Co. Sad for holders.

[orkneyarab] 27/11/2023 16:26

Can't write a coherent post, but perfect trading record in hindsight. Yes, we all believe you.

[jarega85] 27/11/2023 15:49

Wow, just look at that chart. Clear pump and dump con this one, if you didnt see it, you shouldnt be investing. There were many of warnings. Happy to have rid it from 15p to 80p and jumps with my profits. Will be following the board to their next pump and dump too

[seagreen] 23/11/2023 11:47

To be fair Ohojim it appears your posts are increasingly travailing to the dark side and lack the humour of old...far less O ho ho and far too mmuch anger...I prefered the jolly O ho ho of old with your humour and wit...definitely people have stopped posting any alternative positive views it seems.

Perhaps the question and answer session will clear some of the apparent dark clouds not that I belong to any private love in group, I await feed back...

I still think I could prepare far more illustrative historical management figures which would show the steady improvement of economies of scale and highlight the historical cash costs more by isolating the accounting enteries which are not cash.

What ever one thinks of Adam they have not had a fair crack at positive Karma, incredibly dificult to run a mine , I hope they are finally making it.

Mind, not that I was aware of El Nino in Panama, it is not a new concept its been going on for at least 120 years in Panama as far as records existed and there was fair warning so the world will find other routes. Presumably Avvani is and was well aware as to how it would impact their business model. This phenomena has been particularly severe both in length and severity this time.

It of course will continue to impact a huge proportion of many industrial USA exports to the East. Perhaps it is even a contributing effect to global inflation.

I am not sure but a huge contributing cause of delays appears to be a need to ramp up employment to cope with the increasing export of the USA supply of Met Coal to the far East as I mentioned . I believe this is being addressed, from articles I am reading.

Interesting article on El Nino
hxxps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/103123-interview-panama-canal-faces-prolonged-impact-from-el-nino-climate-change

Take care

Jhoda

[ohojim] 22/11/2023 21:38

That was all going so well seagreen and I was thinking, here, finally is a reasonable, considered post. Even though I am surprised that you think a drought is possible given that weather never moves in your world.

Then you had to go and blow it in the last paragraph. Shame.

[seagreen] 22/11/2023 21:09

Interesting report although the estimates for 2023 no longer seem to tie in with current rises in Hi Vol export prices which have been far higher so it might be an out of date report/produced at the all time low price? It also appears t o contradict itself talking up the export market?

Clearly the market is now to export it to Asia who appear to have got fed up with the Australian high prices versus US prices for Hih Vol A and B?

There is more than one way to go round the globe of course but it takes an extra 6 days which is an additional cost. It does appear there have been delays at the ports which appears to have been a shortage of workers too. Perhaps because more people have bee exporting met coal.

Quite dificult to get a handle on up to date info. Also I am not sure we have not been obtaining a higher price from Avanni or negotiated a fixed price as the order book was full apparently. No idea of the mechanics here.

Interesting times I am surprised you are not both blaming Adam for the drout conditions in the Panama Cannel as you so both delight in blaming him for everything.

Quite the poisonous odd couple who appear to delight in other people's misfortunes, which is why no one bothers posting here as you appear to delight in beining deeply unpleasant if anyone does post.

[ohojim] 22/11/2023 20:03

I have just been surfing the Ben's Creek website hoping to glean some up to date news from them. Fat chance.

BUT, page 2 of this report makes for very interesting reading regarding the future contract pricing for Met coal.

[ohojim] 22/11/2023 19:17

Interesting.

The good news is that it makes for a beautiful picture at Lamberts Point, Norfolk, Virginia. This being the largest and fastest throughput coal terminal in the Northern Hemisphere, able to hold 6,200 loaded rail cars and offload up to 1,200 on to ships on a good day.

[purchaseatthetop] 22/11/2023 17:29

Evidently BEN coal shipments have stopped and the stockpiling area is completely full. If this is true this company is dead.

The problem is with exports via Panama Canal



“ Containerships have priority in crossing the canal due to their contracts. The most impacted vessel types are wet bulk and dry bulk vessels, Ashiq said.”

[jaknife] 21/11/2023 21:09

Agreed, it's not looking good for BEN. And yet at 11.5p the market cap is still £46m, which is about £46m too high!

[purchaseatthetop] 21/11/2023 20:38

Ohojim. No new placing. Avani have secured loans now rolling up at 15% with 13 months to run secured on all the permits and facilities. That is why one of the June/July loans was secured on Bens Creek Operations. It is simply a matter of time. Avani got it all.

[ohojim] 21/11/2023 20:32

welcome to the BEN asylum for lost souls jbravo2. We must now fight the impending tumbleweed prior to the next placing.

[jbravo2] 21/11/2023 20:26

:D
I do enjoy watching a melt down.
Seems like pap couldn’t quite control himself.
Hilarious.

[purchaseatthetop] 21/11/2023 20:14

“Pathetic purchaseathetop. You know I don’t wear incontinence pads”. Perhaps my favourite ever post. Classic.

[purchaseatthetop] 21/11/2023 20:07

Bit of a potty mouth that papillon has! Brilliant.