Bens Creek Share Discussion Threads

[papillon] 02/4/2024 20:24

I hope Penstocks decided to dump his BEN shares when the share price was higher than 10p. He'd have made a big loss, but he wouldn't have lost everything which is what will happen to those who still hold.
Penstocks was wrong and purchaseatthetop was correct.
I know nothing about mining, but when my BEN chart went Strongly Bearish in early summer 2022 and the Met Coal price peaked I guessed BEN might have a problematic future. BEN is ATC Mk2.

[purchaseatthetop] 02/4/2024 18:14

Terminator. Have a heart. Let’s leave them alone.

[beatme1] 02/4/2024 16:31

Excellent finish well done team

[truant2tb1] 02/4/2024 16:28

Closed my short. Suspension can't be far off

[beatme1] 02/4/2024 16:27

Wow bargain

[aimmafia] 02/4/2024 15:58

Administration?

[terminator101] 27/3/2024 10:44

Don't worry gerbils it will soon be over.

[tburns] 27/3/2024 08:26

Baltimore!!

[tburns] 27/3/2024 08:24

Is this disaster with the Baltimore Bridge going to impact coal being exported from there. Ballymoney is biggest Port in America and now closed indefinitely!

[bbmsionlypostafter mk2] 26/3/2024 12:34

On February 9 Ben’s Creek (BEN), already drowning in c$40 million of debt and liabilities, announced that it needed an emergency loan of $5 million from its 29.9% shareholder Avani just to keep the lights on. Five quickly became ten and today it was announced that the final $1.25 million of that enlarged facility had been drawn down. Ben’s now has c$50 million of debt and liabilities and still seems to be burning cash. But the Avani credit card is now maxxed out.

[jaknife] 25/3/2024 17:05

Matt Warder shares state of the coal markets + $AMR $HCC (podcast #233)


^^ comments on current state of US coal market

[bbmsionlypostafter mk2] 25/3/2024 15:18

As my old pal Doc Holliday says “rinse and repeat, rinse and repeat” MBU run by Iqbal Mohammed and Adam Wilson bought the worthless assets of Ben’s Creek (BEN) for buttons from a bank that had foreclosed on the prior owner. MBU packaged them up, floated it, pumped the stock, dumped its shares at bonkers prices ad vended in more pointless assets leaving the cash burning company drowning in debt and unpaid bills. The word on the street is that with contractors unpaid, a highwall miner being taken off site, activity on the ground has almost ceased. There should be an RNS…

[papillon] 25/3/2024 14:28

marmar80 23 Feb '20 - 10:08 - 1820 of 1829
0 0 0
New owner of all assets is ACG Holdco, LLC, an affiliate of White Oak Global Advisors, LLC.

"The anthracite sector is booming.
Atlantic Coal now we know it was a scam, all operations and acquisitions have been funded by shareholders and the winner is a rich vulture fund.
If there was really a significant interest around ACGs assets, why the achieved price was not higher so the shareholders could get something back too? Scam."

[papillon] 25/3/2024 14:21

ATC delisted and morphed into the Atlantic Carbon Group.

[papillon] 25/3/2024 14:14

ATC (Atlantic Coal) mined anthracite in Pennsylvania. It was called the Stockton mine if I remember correctly. Could Atlantic Coal be about to resurface as Freeland Anthracite?
I wonder.

[bbmsionlypostafter mk2] 25/3/2024 12:50

Do seagreen & penstock come along too?

[purchaseatthetop] 25/3/2024 12:36

And here’s the 100% connection


MBU all over it.

[purchaseatthetop] 25/3/2024 12:17

Even has the right Registered Office of 8-10 Hill Street. Coincidence? No.