Bens Creek Share Discussion Threads

[seagreen] 04/1/2024 13:47

So you are talking net realisation.

Any idea who they are exporting it to as the net realisation to Australia is higher on a relative scale

Of course we do not have any idea of the price negotiated with Avani

And there is no clarification who they are exporting it to and the gross price has increased significantly since then.

Interesting

[jaknife] 04/1/2024 13:04

Alpha Met is a quality player in the US Met coal space. Its share price is up 41% from when it was first highlighted here on 5th October:



BEN is down 32% over the same period.

[purchaseatthetop] 04/1/2024 12:51

You can see the revenues per ton with proper miners who release quarterly reports!



Alpha Met Resources in the three months to 30/9/23 so within the BEN recent six months reported on page 3…

US revenue per ton of $193 per ton on US sales and $136 a ton on export sales.
BEN averaged $118 a ton.

[seagreen] 04/1/2024 12:33

Pray explain your logic, I am just curious?
Surely, if that was the case they would not be selling to India?
For sure the coal tax of exports is lower.
Or are you saying the transport costs are significantly higher?


"Finally, revenue per ton on Indian exports are miles below the FoB US prices. About half."

[purchaseatthetop] 04/1/2024 11:55

Badgateway. Do the maths.

In the six months they averaged $118 a ton revenue when the low point of met prices was $191 a ton for that period. That is only 61% of the lowest coal point. So on average during that period coal prices were $205 a ton or more so they only got 55% of the headline.

Extrapolate that snd right now they would be getting $141 a ton revenue. If they can get trains. Which seems rather difficult right now. Finally, revenue per ton on Indian exports are miles below the FoB US prices. About half.

[goforgold1] 04/1/2024 11:52

What a scam this is same as CGO . Unbelievable the money these two companies have had over the last few years going a lot lower this i would guess still losing money moved shares into holding companies as well looks like so the holding company owns the llc companies under the structure be careful they can close this any time move assets and any money into holding company . They you lose everything it's coming

[bad gateway] 04/1/2024 11:47

Metcoals rising again, looks to be a new recent high at $256/T. Still a long way to go ifs its going to anywhere near catch up with its Aussie counterpart at £330 odd/T but should imagine those at BEN are happier all the same..

"The early part of the 2(nd) half of our financial year has seen a significant rise in the High Vol B met coal prices, from a low of $191/ton to a current price of $250/ton. This will bring our sales prices to levels seen in the comparable period in 2022. This has resulted in an improved order book and it has allowed us to commit to sales through to the end of the third quarter which, if trains booked run to schedule, could see the Group produce its first monthly profit. We are also delighted to announce that a number of those confirmed trains have been negotiated with Avani to be shipped to India. This will help the Company enter the Indian market, which is a key target for the future.

[hamidahamida] 04/1/2024 10:12

Wilson can't be trusted Leopard never changes it's colour

[hamidahamida] 03/1/2024 15:44

He's blinded by his bias

[purchaseatthetop] 03/1/2024 12:56

There is a frog whose brain is only big enough that it can see what it can eat. Seagreen is that frog but human.

[bbmsionlypostafter mk2] 03/1/2024 12:50

JN,

You are wasting your time talking to this mug.

He's an outstanding example of someone wrong & too clueless to realise they are wrong.

[jaknife] 03/1/2024 12:11

seagreen,

I'm not really interested in who you respect or what your objections are. I'm simply waiting for you to admit that the numbers for BEN are so hopeless that it's obviously a forthcoming insolvency case.

JakNife

[jbravo2] 03/1/2024 11:57

Are you his dad?
:D

So determined to defend a stranger who is busy overseeing shareholders value being destroyed?

I can't imagine there's many impartial observers who side with you seagreen

[purchaseatthetop] 03/1/2024 09:57

“You categorically stated management have deliberately attempted to reduce the cost of production to fool investors”

Absolutely.

[purchaseatthetop] 03/1/2024 04:39

Seagreen. You are verbose, boring and never know when just to crawl away and hide under a rock because you look so foolish and are trying to look even more foolish.
ever heard of activity based costing? Course not. Because you have absolutely no accounting experience except in your dreams. Run along elsewhere. Your time is finished here.

[seagreen] 02/1/2024 22:37

Certainly it showed your forecasts up as you kept on stating a cost per ton when the depreciation was a fixed cost.
Have a think.

[seagreen] 02/1/2024 22:35

How do you propose to allocate it in a practical way?

[purchaseatthetop] 02/1/2024 18:51

but seagreen. the depreciation is for the cost of buying the mining equipment used to mine the coal. It reflects the loss of value of the equipment while it is used mining the coal. It is non cash because the cash was spent (or borrowed) at the moment of purchase. Of course it is directly related to gross profit calculations. They did not listen to you. They were trying to mask the terrible mining operation.