Bens Creek Share Discussion Threads

[papillon] 06/3/2024 16:18

If I don't want to read a book, I don't buy it. If I don't want to watch a TV programme I either change channels, or switch off the TV. Similarly if I don't want to read what a boring poster writes I filter him/her. Simples!

[jbravo2] 06/3/2024 15:07

:D
“I have him on filter so I don’t have to read his posts but I make an effort to read his posts.”

Everyone knows you’re just another one of the countless people who pretend to put others on filter.
ADVFN is full of them.
Didn’t you ever consider that if you get wound up so easily by other people that a BB may not be the place for you? Bless.

[papillon] 06/3/2024 14:26

I do have purchaseatthetop on filter, that way I don't get bored having to read his ramping nonsense on ENET. However I do like to see what he's posted about me so when I see that he has posted just after me I look at his profile and that shows his last 10 most recent posts. It's not rocket science!! 🤣 Even a dope like purchaseatthetop can surely understand that? Maybe not!

PS BEN was oversold on the 14 day RSI indicator so not surprised by today's rise

[purchaseatthetop] 06/3/2024 07:16

“Repayment of the WCF will be in tranches based on a royalty from coal sales made by Bens Creek Operations during the term of the WCF. The repayment amount will be the excess of $120 short ton for coal sales achieved by BCO from the mine during the term of the WCF, to any seller, including the Lender. The amount shall be paid within 3 working days of the date when the coal is dispatched from the mine “

So now BEN will only get $120 a ton max. Take out other royalties and taxes and that is down to $105 a ton. Take out transport and now they get $60 a ton. Their cost per ton to mine is around $130 a ton.

So, targets set that are impossible to achieve and everything now secured for Avani.
“Pursuant to the terms of the Agreement, the Loan Note and the Working Capital Facility now authorise the Lender to secure the repayment obligations by taking and perfecting a security interest in and to certain of the Company's assets.”

[purchaseatthetop] 06/3/2024 04:57

On BEN we await the curtain fall with the new Bens Creek Operstions LLC closing down the operation in the USA. Coal prices where they are means profitable mining is impossible using Highwall mining (while proper miners like Warrior Met Coal spew out cash) and the company cannot sustain the cash burn.

I expect Megahighwall will leave Bens Creek and they will use the huge coal stockpile to repay some of the debts. Permits and equipment will go a new company and another chapter in the endless succession of bankruptcies at Bens Creek will be completed. Adam Wilson will reappear in three years time for a rinse and repeat.

[bad gateway] 05/3/2024 14:57

Strange to see the bears arguing so much with the share price at this level. Would have thought you'd all be busy congratulating each other instead I'm leaving the thread with mental images of pap tearing round on his zimmerframe trying to stuff incontinence pads down an ambulance drivers throat.


Iron ore drop doesn't look as savage as the ft is painting. There are reports of Chinese shipbuilding taking over from housing market for demand so may not crash.

hTTtps://www.barchart.com/futures/quotes/TRY00/technical-chart?plot=LINE&volume=contract&data=WN&density=X&pricesOn=1&asPctChange=0&logscale=0&sym=TRY00&grid=1&height=500&studyheight=100

[papillon] 05/3/2024 11:48

"Iron Ore's plunge bodes ill for steel demand - and China's economy"
Obviously this bodes ill for Met Coal demand.

PS I don't subscribe so can't read the article; only the headline.

[purchaseatthetop] 05/3/2024 03:31

That is papillon. The sad unpleasant 82 year old. Nothing to look forward to but death.

[papillon] 04/3/2024 15:14

Penstocks has, unfortunately, learnt a very painful, expensive, lesson. Never, ever, fall in love with a share. Always employ a stop loss and cut your losses!
The Met Coal price is dropping and will probably go lower. Don't touch coal miners with a bargepole, especially very risky, speculative, coal miners like BEN.

[bbmsionlypostafter mk2] 04/3/2024 13:44

I'm on filter.

Righty ho.

[papillon] 04/3/2024 13:08

I have purchaseatthetop/bbmsionlypostafter Mk2 on filter. Why don't you push off back to ramping that dog ENET! 🤣

PS you will notice that bbmsionlypostafter Mk2 goes around putting the boot in and quoting ShareProphets headlines on the bb's of very poorly performing shares. For some strange reason he doesn't post any negative comments on that purchaseatthetop favourite, ENET. I wonder why? 🤣

[papillon] 04/3/2024 12:29

And down it goes. The BEN share price is probably going towards zero. My long term chart went Strongly Bearish is early summer 2022 and it has stayed Strongly Bearish ever since.

[papillon] 29/2/2024 08:44

"A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says"