Bens Creek Share Discussion Threads

[bbmsionlypostafter mk2] 16/9/2022 09:38

For someone who you don't believe you devote an inordinately large % of your posts to him!

#squattinginseagreenshead

[seagreen] 16/9/2022 09:03

All together no one believes Patt

[ohojiim] 16/9/2022 07:42

If you want a job at Bens Creek use email:[e-mail] will find its way to the person at Bens who controls all email routing. Albert and Barry emails will also land in their inbox. In fact try [e-mail]. That will also make its way to the same person (s)If you ve ever hands-on established a company and created a domain you ll learn about catch all email addresses and routing. Clearly Ben have a catch all for any email address you could imaginatively create

[ohojiim] 16/9/2022 07:12

> [e-mail] or barry.hunt https://www.-430079908819706/permalink/602032854957743/ Penstock, where have those email addresses originated from please?Also, what is the correct link and where is it supposed to go?Cheers :)

[the modeller] 15/9/2022 15:40

With less than 24 hours to avoid a potential shutdown, President Biden said that negotiators had clinched a "tentative" deal to keep freight trains running and prevent a major disruption to the nation's supply chains.

[the modeller] 15/9/2022 15:36

https://twitter.com/i/events/1570391789554479104?s=21&t=rMgc_sNsVFQKBk4uMe1d4A

[seagreen] 15/9/2022 12:29

Patt stick to the facts and earn people's respect...

[seagreen] 15/9/2022 12:25

More Patt deep fake theories crash and burn....

1) Cash balances must be quite healthy, trains still running (for now)

Unless you believe Patt of course....

2) If you think the significant owners are going to sell any shares in October just as the infra structure kicks in, I would be highly surprised

Unless you believe Patt of course....

3) If you think BEN are not recruiting look at the evidence

Unless you believe Patt of course

4) The met coal price is looking stronger now the Asia end users wet season in Q3 has ended and Russia has stoppped flooding the market price with half price Met coal as knowledgable people pointed out.

Unless you believe Patt of course

I DO agree with Patt there is a hell of a rucus over train strikes by parts of the union but the USA can not aford not to reach a compromise as it would throtle their economy. Although it is good that trains have been despatched to shore up the cash balances if there is a temporary strike. But it would be no surprise to see an 11th hour agreement.

This all comes down to deep fake correction of the truth by Patt who was publicly ridiculed for pretending the CEO had obtained BEN on the cheap via a dodgy deal from Atlantic Carbon's receivers when they are based 300 miles away in the state of Pansilvania and BEN's Creek had nothing to do with them. Along with a claim they had not started mining when there was a huge pile of met coal already mined

Important to not mislead people.
You tend to get found out.

[hazelst] 15/9/2022 12:15

The charity thief can't be trusted!

[purchaseatthetop] 15/9/2022 12:12

Penstock.
[e-mail] does not appear in any Google searches. Really!

Good luck with the recruiting.

Nor does [e-mail]

Albert Grimmett does live in West Virginia but he is a web developer who lives in Gilbert.

If you are going to have a backstory then please make it watertight. This does not work. Also, Sundayroast is paid propaganda. Ignored at all times. Only RNSs count.

[bbmsionlypostafter mk2] 15/9/2022 11:25

This site can’t be reached
Check if there is a typo in www.-430079908819706.
If spelling is correct, try running windows network Diagnostics.

[seagreen] 15/9/2022 11:13

Penstocks

As you know, we simply do not believe anything that Patt says about BEN.

Your contributions are welcome


Thanks in advance.

[hazelst] 15/9/2022 10:03

Naughty little thief!

[purchaseatthetop] 14/9/2022 17:40

Penstock. Soft lock-in simply means that the holders have to sell via Optiva and cannot simply sell and create a disorderly market crashing the price. They must sell into strength. Which is why there will be a succession of apparent good news RNSs early to mid October. So they can sell into a rising share price. But you knew that anyway you blushing bride!

I see on LSE you post that BEN is currently hiring for operators and mechanics. Can you provide any link to any advert for these persons? As you know, I simply do not believe anything that is said about BEN unless it has provenance. Thanks in advance.

[penstocks] 14/9/2022 16:53

15th December 2021 $6m CLN intended for acquisitions

18th January 2022 purchased #20HWM for $2.5m despite needing repairs as they are hard to come by. Waiting on parts to sort it but they are in hand.
Washplant and Rail repairs by contractors were couple months late but costs of such covered by the IPO funding in October 2021.
However JMAC yellow iron contractors, Mega contractors, BoDs and other staff still needed to be paid. In the first 6 months BC could only stockpile ROM coal then truck it out as ROM in small quantities, so revenue was never going to cover those costs at that time. Clearly that first $6m CLN was used for wages in addition to the $2.5m HWM purchase.

18th February 2022 $6m CLN also intended for acquisitions. We spent $5.4m buying the CAT site moving equipment. iirc we still have about £5m cashflow from sale of coal and loans and will be financing the CAT gear to increase that so we have a buffer in case risk factors happen (broken HWM, broken washplant, bust rail track & roads etc) where staff & contractors will still need to be paid.

6th May 2022 BC purchased the 3.2 mile rail spur so we don't risk MBU using it as a ransom strip in the future. I expressed concern about about this leased land last year, so glad they spent money now to save potentially paying a lot more later.

18th August 2022 raised £6m by placing/subscription and used the net proceeds to pay deposit on the new Komatsu equipment.

25th July stated that Underground mining, which commenced production recently, required considerable capital expenditure both prior to and post the admission of the Company's shares to trading on AIM

Delays in rail and washplant repairs attributable to contractors not BEN staff caused the lower than expected tons mined and shipped (by truck instead of rail).

Mega get paid royalty on tons extracted. Ben were given first refusal to lease a second rig from Mega which they can only bring onsite once permit is issued. Permit for the 299acres site is solely in the hands of DEP. Adam was ambitious expecting it to arrive sooner but he did get permits for 2 other sites in July (see permit numbers in previous post). I am unaware if the 71SHM renewal contract has been signed yet. That would be sensitive information. How are you stating that it has not been signed?

Hard Lock-in ends October but then they are in a Soft Lock-in so they still can't do a JS sell off. Any selling for next 12 months must not have an adverse effect on the market and intention to sell must be notified iirc but if you are aware of a different definition of soft lock-in please educate me as I am new to this still.

6th June RNS: The MBU loan facility is used to support ongoing working capital requirements for its inventory...the Company has varied terms of MBU loan facility by increasing conversion price of any further amounts drawn under the MBU loan facility from 7 April 2022 to 60p instead of 15p per share. As at 5 June 2022, a total of £7.3m has been drawn down by the Company under the MBU loan facility, of which £5.0m is capable of conversion at 60p per share. The Company currently has cash balances in excess of circa £5m.

If not invested PATT, what is your beef with this stock that you have spent 11 months bashing it? It closed at 33.25p today which seems very low but it is what it is. When the permit lands this month and the 77SHM arrives onsite will you still be trying to get the share price lower than 33.5p or will you just wait till it is 67p and then try bashing it down again. Day traders must love you, although maybe not these summer days for a paltry 4% flip. What other stocks are on your hit list as I quite fancy having a go at trading rather than this boring longterm investing malarky ;)

[purchaseatthetop] 14/9/2022 15:35

Penstocks.
$38m down the tubes and 20% of the initial placing of $9m paid as salaries to the BoD in the first five months.
One quarter of the admission document mining plan tons actually mined.
Change of mining strategy announced with no evidence that BEN can manage it itself.
Contract with Megahighwall running out 30/11/22 with no extension signed.
No contract signed for the new Megahighwall HWMer despite saying happening in July 22.
Self bought HWMer costing $3m all in sitting there rusting.
Lock-in ends 30/10/22 with 60% of the shares held by MBU Capital Group Ltd that has over £80m of secured but delinquent debts demanding sale of BEN shares and who have already tried to override rule 7 lock-in (and it was me who spotted the debenture, advertised it, got it cancelled).
Wow…33p. It is that price for a reason.

When the BoD are getting paid vast salaries including huge bonuses for actually opening the coal mine (!!!!!) when they already have over 30m shared almost for free to incentivise them, and they then have to dilute PIs further to secure further funding that alone is costing $2m per annum in interest, you know lots is wrong.