Bens Creek Share Discussion Threads

[purchaseatthetop] 11/1/2024 20:36

The worry is that at 30/9/23 they had $4.5m of customer upfront payments in the balance sheet.

[seagreen] 11/1/2024 20:32

What is not clear is how much is at a fxd price. especially as it gets an up front payment when its in the hopper so to speak....most things took a dive today....still no position for me.

[papillon] 11/1/2024 15:45

bad gateway 11 Jan '24 - 13:43 - 10985 of 10986
0 1 0
metcoals taken a dive. $230/T for hvb.

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

This is very bad news for BEN. It's not surprising that the share price is falling today.

[purchaseatthetop] 11/1/2024 15:24

Based on them needing $250 to breakeven at gross margin level, this is death dive time.

[bad gateway] 11/1/2024 13:43

metcoals taken a dive. $230/T for hvb.

[seagreen] 10/1/2024 20:03

been issues for several years

[purchaseatthetop] 09/1/2024 17:49

8/1/24 RNS said
“The reduced availability of trains was due to coal handling capacity issues at the Port of Norfolk”

Can anybody find any other coal mining company quoting this as impacting their deliveries? Answers on a postcard to [e-mail]

[purchaseatthetop] 08/1/2024 20:11

Says seagreeen looking in a mirror.

[seagreen] 08/1/2024 20:07

Maybe because you are not an accountant and you do not understand finance or cash flow or stocks and shares

[purchaseatthetop] 08/1/2024 13:58

I just wonder how on earth they have not got pop yet.

At 30/9/23 thry had $1.2m of cash and $1.8m receivables
But also advance cash from customers of $4.5m and current trade payables of $8.8m

They had negative net current assets of $15m excluding inventory and that must have got massively worse as selling just 60k tons while mining much larger amounts must mean gross margin loss, more overhead incurred snd more working capital.

Where on earth are thry getting any liquidity?

[seagreen] 08/1/2024 09:58

zzzzzzzzzzzzzzzzzz

[purchaseatthetop] 08/1/2024 07:17

So, 43k tons was inventory at 30/9/23
Let’s assume inventory was 95k tons 31/12/23
With output of 112k tons that means they sold 112+43-95=60k tons in three months.

The 30/9/23 interims showed the produced 205k tons in the previous six months, so 112k tons is a 10% improvement than that rate.
The 30/9/23 interims showed they sold just under 190k tons of coal at a monthly rate of 32k tons.

Therefore, sales in the last three months have been only 2/3rd of the six months to 30/9/23.

I love an Adam RNS. You have to work out what it really means. Here it means thry have sold even lower volumes in the last three months. But Adam doesn’t want to say so.

[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.