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Share Name Share Symbol Market Type Share ISIN Share Description
Bens Creek Group Plc LSE:BEN London Ordinary Share GB00BP814F22 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.19% 21.25 164,628 16:28:42
Bid Price Offer Price High Price Low Price Open Price
20.50 22.00 21.25 21.00 21.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 75
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:42 O 23 22.00 GBX

Bens Creek (BEN) Latest News (1)

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Date Time Title Posts
26/11/202221:48BENS CREEK BARGAIN OF THE CENTURY, Highly Profitable7,988
17/11/202211:44Bens Creek without convicted criminal (purchase at the top)28
16/8/202219:56Mega highwall miners-
16/8/202219:56Mega highwall miners-
06/7/202218:09BEN great story-

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Bens Creek (BEN) Top Chat Posts

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Posted at 09/11/2022 10:26 by papillon
Whether the BEN share price has bottomed, sirmark, is open to question. I doubt it, but that's only my opinion. You state that BEN is oversold. It's not according to the 14 day RSI, which is still over 40.
Posted at 25/10/2022 19:27 by purchaseatthetop
Stocky...lets look at the second Megahighwall RNS 27/6/22:
27 June 2022

Bens Creek Group plc

("Bens Creek" or the "Company")

Update on highwall miners

"Bens Creek Group plc (AIM: BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce that following the Company's announcement on 29 October 2021 for the supply of contract mining services by Mega Highwall Mining LLC ("MHW") to the Company, which included the supply of a highwall miner and related highwall mining equipment, the Company has now exercised its right of first refusal on a further highwall miner and related equipment to be supplied by MHW."

Comment: "exercised its right of first refusal on a further highway miner". That means first refusal on another available HWMer.
hTTps://megahighwallmining.com/clients
Megahighwall have five machines and none are likely to be coming available.
Therefore, this is simply saying if you have another one we would like it. NOT...we are getting one!


"Whilst the Company's request to MHW has been accepted, it is anticipated the formal agreement with MHW for the supply of a second highwall miner will be completed during July 2022 on similar terms as the initial highwall miner supplied by MHW, including a production target of between 32,000 and 40,000 tons of metallurgical coal per month."

Comment: of course it was accepted. they may have a first refusal right. But there seems to be none available anyway and the production target of 32k to 40k is unrealistic as the first one has averaged 17k tons a month with two shifts.
The contract was expected in July 2022. We are now nearly November 2022. Just how long does this take to sign!

"The Company expects to receive, during July 2022, a permit for the area that is to be mined by MHW using the second highwall miner."

Comment: finally in September the permit arrived. But still no second unit.

"Accordingly, the purchase by the Company of its own Superior highwall miner and related mining equipment, as announced on 25 February 2022, will in due course, once renovations have been completed, enable the Company to have a backup highwall miner to ensure production is not affected by either any planned or unforeseen downtime which results from any of the machines operated by MHW being inoperable."

Comment: having spent $3m on this bought machine that was supposed to be mining May 22 suddenly it is to be a back up for a non existent second Megahighwall machine. Cue John Storey selling.

Adam Wilson, Chief Executive Officer of Bens Creek, commented:

"We are delighted to have had the opportunity to exercise our option for MHW to operate a second highwall miner on our behalf and reinforces our strong relationship with our contract highwall miner. Highwall mining machines are generally in short supply and command a market premium. By operating two highwall miners simultaneously, this will enable an increase in our production capacity to up to 80,000 tons per month."

Comment: Adam confirms it is simply an option. If they are in short supply then why would Megahighwall send them to BEN who are only mining 17k tons a month? Why would they then risk doubling up the machines when they can be paid far more to work at open pit mines where the contour bench does not have to be blasted? BEN is always running out of money and also only has stockpiling facilities for 50k tons. Two machines would fill that in a couple of weeks. It does not make sense.

"With the addition of a further highwall miner on site, the recently acquired highwall miner will ensure that two highwall miners are operable at all times."

Comment: this was in June. More than four months later there is only one HWMer and that does not need backup as they manage and run it properly. To think that Megahighwall who know what they are doing would rely on BENs rusty heap of junk is simply ridiculous.

Summary: Nothing that was promised in that RNS has actually happened. You can look at every RNS and ask the same question. What has been delivered? The answer is always the same. Zilch.

Posted at 25/10/2022 13:43 by stocky50
Agree that the share price got ahead of itself - But do remember that at the same time Met coal prices rallied to as high as $470 /tonne. This had a lot to do with where the share price went. Since then, Met coal went as low as $240! but has since stabilised around $280 / tonne. I think this is a big factor in what the share price has done.

At current share price - this is much more interesting. I have a positive outlook on Met Coal. This plus the fact that BC is now in production (which it was not when the stock was at £1) - should see the stock doing well in the future.

The stock IS correlated to global met pricing - as it should be.

Posted at 25/10/2022 13:21 by seagreen
Patt

To sumarise for your lap dogs who are happy to read reams and reams of BS and lies from you but can not understand simple well thought out logic.

The share price got ahead of it self due to the spike in met coal prices
The share price got ahead of itself as unforseen delays ocurred which would have halted the rise if known
The share price fell due to John Storey's decession to close his huge derivative position.

None of your scare tactics/lies/BS have a significant impact on any of the share you comment on as everyone knows you do not speak the truth and you have zero respect.

Appologies for the spelling I need to buy another key board.

Now try and get a life and learn to speak the truth there's a good lad.

Toddle Pip
Over and Out
DYOR, never trust PAtt, nag, etc

Posted at 24/10/2022 13:32 by papillon
A word of advice, seagreen. If you don't like what purchaseatthetop posts just FILTER him.

PS I don't believe that PI's take too much notice of what purchaseatthetop posts, because if they did the ENET share price wouldn't be as low as it currently is.
The reason why the BEN share price is so low relative to what it was back in May is not due to purchaseatthetop's continual deramping, but because the company has failed to deliver on it's promises.

Posted at 20/10/2022 16:04 by papillon
Serious investors do not take any notice of what is posted on bb's, seagreen. If they did then the ENET share price would not be languishing where it currently is, as purchaseatthetop has been posting, non stop, his bullish views on the ENET bb during which time the share price has fallen from 60p to under 11p. In fact ENET is being "ramped" continuously on the ENET bb by others, yet it has had no apparent impact on the ENET share price whish is still languishing in the doldrums. Hence I think, seagreen, you overestimate the effect of purchaseatthetop's non stop bearish posts on the BEN share price
Rather I believe the drop in the Met coal price and the delays in ramping up production, as promised, are the reasons for the big fall in the BEN share price Add in the fact that the BEN share price was very overbought earlier this year.

PS I had a small punt today, seagreen, on another explorer, ACP.

Posted at 20/10/2022 15:29 by seagreen
pap

Correct but every prediction a minining company makes destroys the share price if unforseen delays occur and if they say nothing the share price goes down.

There is no right answer sadly as social media keyboard warriors start a campaign of vitriol particularly if a share has done well and suddenly a delay is a fraud/pump and dump etc.

So I expect them to wait until everything is fully functional.

What is for sure is the share price got out of control on "future" potential and then the coal price halved along with delays global financial panic etc etc

I have said as much.

SG

Posted at 19/10/2022 10:35 by papillon
Well the BEN share price is currently down today, but the ENET share price is currently down by a far bigger percentage! 😁
Posted at 17/10/2022 11:02 by seagreen
Top of the mornin to you Patt do not beat your self up it is a lovely sunny day, but I hate to let you down with my undying support of your research, it might just appear that the market disagrees with you and you are the only one anxious about the end of the lock in as there were some chunky buys last week.

To use a well worn phrase from your good self let us stick to the RNS evidence and the cold hard facts

30/June/2022
https://uk.advfn.com/stock-market/london/bens-creek-BEN/share-news/Bens-Creek-Group-PLC-Holdings-in-Company/88485308

MBU Capital increased their holding by circa 700,000 shares at a cost of circa 40p to 50p. Cost to MBU Capital circa £300,000. (Increase from 59.42% to 59.65%)

18/August/2022
https://uk.advfn.com/stock-market/london/bens-creek-BEN/share-news/Bens-Creek-Group-PLC-Placing-and-Subscription-to-r/88863897

"The aggregate proceeds from the Subscription is made up of MBU (c.GBP500,000), Mohammed Iqbal (c.GBP1,000,000)

That IS £1.800,000 personally invested by Mr Iqubal/MBU Capital in June through August of this year.

However financed the ownership of the shares belongs to Mr Iqubal/MBU Capital.
(I mean really who would lend £1.8M if you are correct in your assertions?)

his investment was made in the full knowledge of the lock up ceasing, the current delays in production, the current apparent global financial turmoil, the war in Ukraine and of course that he is duty bound to report any changes in the respective holders. .

Those are the cold hard facts and what ever the current state of MBU Capital's legal obligations to file accounts on time and the apparent complex nature of its financial afairs you allude to and what ever the current state of Mr Iqubal's personal finance, MBU Capital/Mr Iqubal found the where with all to invest a further £800,000 and £1,000,000 to invest in BEN despite being fully aware of their respective current financial situation.


So forgive me but on this point I would be so bold to suggest you may just be an itzy witzy bit wrong in your time frame.

I do not propose to repeat for the umpteenth time the detailed logic again as to why MBU Capital and Mr Iqubal would invest a further £1.800,000 in full knowledge of the outcome should you be right as it would be just a waste of money and you must surely realise.

So the sooner this red herring is caught and you eat humble red herring pie in two days time, we can all get back to being new best friends.

However embarassed you may be in a couple of days or months or years, just sing along to this song it truly helps to calm one down. XXX



Raindrops on roses
And whiskers on kittens
Bright copper kettles and warm woolen mittens
Brown paper packages tied up with strings
These are a few of my favorite things

Cream-colored ponies and crisp apple strudels
Doorbells and sleigh bells
And schnitzel with noodles
Wild geese that fly with the moon on their wings
These are a few of my favorite things

Girls in white dresses with blue satin sashes
Snowflakes that stay on my nose and eyelashes
Silver-white winters that melt into springs
These are a few of my favorite things

When the dog bites
When the bee stings
When I'm feeling sad
I simply remember my favorite things
And then I don't feel so bad

Raindrops on roses and whiskers on kittens
Bright copper kettles and warm woolen mittens
Brown paper packages tied up with strings
These are a few of my favorite things

Cream-colored ponies and crisp apple strudels
Doorbells and sleigh bells and schnitzel with noodles
Wild geese that fly with the moon on their wings
These are a few of my favorite things

Girls in white dresses with blue satin sashes
Snowflakes that stay on my nose and eyelashes
Silver white winters that melt into springs
These are a few of my favorite things

When the dog bites
When the bee stings
When I'm feeling sad
I simply remember my favorite things
And then I don't feel so bad

Posted at 14/10/2022 16:33 by seagreen
Patt if you promise not to mention BEN we could have a right laugh over a beer.

Never seen King Crimson or Spirit

Do you mean Stepen Wolf?
Steps are a dodgy dance/band outfit

Lucky enough to have seen
Floyd at Rainbow/Knebworth/Earls Court
Roger Walters
David Gilmour
Who at Edmonton Sundown
Led Zep at Earls Court/Knebworth
Gennesis with Gabriel perform lamb lies down on Broadway
Neil Young at Hammersmith
and Bob Dylan at Hammersmith and Knebworth mit Eric Clapton.
Tom Petty
Thin Lizzy
Chuck Berry
Bad Company
The Firm (Chicago)
Robert Plant solo (Chicago)
Jackson v for Victory tour (only white person in audience in chicago)
ELP
Yes
Wishbone Ash
Boomtown Rats
The Tourists/Eurithmics
Roxy Music
Bowie
The Doves
The Pink Faries
Procul Harem
Van der Graff Generator
Nils Lofgren
Bruce Springsteen

(Better skip over Jefferson Airplane and The Greatful Dead 8-)

Those that spring to mind

I think the top was Led Zeplin Physical Graffiti tour at Earls Court but Floyd and the Boss are up there imho.

No wonder I struggled to get my ACA exams...

Take care do not panic BEN will get there in the end...
Mind one of his more dodgy songs imho

Ben, the two of us need look no more
We both found what we were looking for
With a friend to call my own
I'll never be alone
And you my friend will see
You've got a friend in me
(You've got a friend in me)
Ben, you're always running here and there
(Here and there)
You feel you're not wanted anywhere
(Anywhere)
If you ever look behind
And don't like what you find
There's something you should know
You've got a place to go
(You've got a place to go)
I used to say "I" and "me"
Now it's "us", now it's "we"
I used to say "I" and "me"
Now it's "us", now it's "we"
Ben, most people would turn you away
(Turn you away)
I don't listen to a word they say
(A word they say)
They don't see you as I do
I wish they would try to
I'm sure they'd think again
If they had a friend like Ben
(A friend)
Like Ben
(Like Ben)
Like Ben

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