Bens Creek Share Discussion Threads

[purchaseatthetop] 22/9/2022 06:37

Bennyboy. That’s the way to do it. Head in sand and be like an ostrich.

“More profit for the company and shareholders”. FYI the company has only made losses so far and burned $38m getting here. Unless it can sell more than 22k tons a month it can never make a profit. That is the whole point of my post. It is not being negative, it is being realistic.

In two months time, on 30/11/22, unless a contract is agreed, there will be no HWMers on site and no mining happening. Let alone mining with two HWMers. This is an existential threat and remember that on 27/6/22 Adam RNSd that the contract for the second HWMer would be signed on July 22. That was three months ago.

[bennyboy1975] 22/9/2022 06:32

Now we have the permit that’s more profit for the company and shareholders. I said lets ignore this week,we have all done well to ignore any negative comments so keep going everyone, don’t reply just add your positive comments here.

[purchaseatthetop] 22/9/2022 05:50

Expect a Sunday Roast interview. Please no. How about a proper RNS giving:

1) Signing of new HWM contract for second Megahighwall HWM and date of commencement.
2) signing of a new extension to the contract for the first HWMer that runs out 30/11/22.
3) progress of recruiting and resourcing for becoming owner operator of clearing.
4) new coal offtake agreements to be able to sell more than the 22k tons a month to Integrity.
5) extension to Integrity offtake agreement beyond 31/12/22 with extra trains each month.

Otherwise, this new permit has no value as the stockpiling capacity is 50k tons, which they must be close to, and their present HWMer produced just enough for two trains a month. Any more output cannot be stockpiled.

Now, if they delivered that list plus say cash balance and some cash forecasts then this would be a proper business.

But, sadly, I expect just Sunday Roast cheese and a monster pump to clear millions of stockpiled shares. We will see but I cannot see how anybody, even Seagreen, can argue with my list.

[millie987] 22/9/2022 01:07

Permit's granted.

hxxps://apps.dep.wv.gov/WebApp/_dep/search/Permits/OMR/Permit_details.cfm?permit_id=S500921&dep_office_id=OMR&responsible_party_name=BEN%27S%20CREEK%20OPERATIONS%20WV%20LLC

[bennyboy1975] 21/9/2022 20:06

Permit all ticked off now so not long hence the price held high this afternoon

[purchaseatthetop] 20/9/2022 15:30

ENET up 50% and now ready to massively multibag. Remember I told you here. I was right about BEN and I am right about ENET.

[hazelst] 20/9/2022 07:39

Naughty little thief!

[purchaseatthetop] 20/9/2022 07:34

No crew. Just me. Just watch ENET fly now.

[bennyboy1975] 20/9/2022 05:50

This week please ignore Patt











































Please ignore Patt and crew

[purchaseatthetop] 19/9/2022 21:33

Buying shares is not contributing. It is investing. Get with the program.

[bonzo03] 19/9/2022 20:58

I contribute with shares I'm not a deramper like you!

[purchaseatthetop] 18/9/2022 21:43

Don’t be rude to hazelst.

The point is contradictory motivations.

Blue Star Capital Group are NOT a third party non involved company. They were secretly involved with huge share discounts from the getgo to the tune of 22m shares at 10p. They hold the financial reins of MBU Capital. Mohammed Iqbal and Raju Haldankar are completely in control (Raju until recently) of MBU and BEN.

As a PI it is completely lunatic to have the decision makers completely dependent of certain lenders who have security over everything. MBU Capital has a defaulted debenture with Bluestar Enterprises, MBU Capital Group Ltd has debenture with Blue Star Capital Group, and BEN has Blue Star Capital Group as the source of its funding, not MBU Capital Group Ltd as stated in all the RNSs and tens of millions of BEN shares have been secretly given to Bluestar Enterprises and Blue Star Global Capital and sold on at a huge profit. Very murky for a private finance company in a house in Ruislip.

When you see that Blue Star Capital and other secured lenders are the only thing that matters as the debt that Mohammed owned himself (which he transferred to MBU Capital Group Ltd on 21/5/21) must be cleared, and that the recent placing was just another part of the profit making exercise to clear the debts, then clarity of purpose is easy to see.

How can you have the BoD selling discount shares to a company that other companies they own owe huge sums to be acceptable after they have already secretly given them 22m shares and tried to overrule the rule 7 lock-in?

It is a bit like the BoD deciding to pay themselves $1.8m in the period 19/10/21 to 31/3/22 when in the same period they raised $9m initial placing, plus two clns worth $12m and another $7m of MBU loan (the last two items totalling $19m with an average 11% interest rate). How can that be justified when the BoD have tens of millions of shares and options at 10p and 5p? They are motivated enough but this shows they are also greedy at the expense of PIs.

[purchaseatthetop] 18/9/2022 17:12

Lest we forget why BEN was set up:

MBU Capital Ltd was the overall ownership company of the MBU Group.
On 21/5/21 Mohammed Iqbal notified that 100% ownership of MBU Capital Ltd had transferred from him to MBU Capital Group Ltd:

Rather late to notify of a transfer of shares dated 18/5/2020!

The last accounts for MBU Capital Ltd were due on 30/6/21 for the period ended 30/3/20. That was after a three month extension for reducing the financial year by one day (a tactic also used recently on MBU Capital Group Ltd).


No accounts have been filed and on 10/2/22 the court ordered the company to be wound up:


If you look at the last accounts to 31/3/2019 that were filed on 27/12/19:

you can see it had large debtors from Park Place Plaza running to many many millions of pounds. That will never be repaid as Park Place Plaza is also bankrupt:

Park Place Plaza is 100% owned by MBU Capital Ltd

The really interesting thing about MBU Capital Ltd is that it is bankrupt and about to be wound up but it has an unsatisfied loan of tens of millions of pounds from Bluestar Enterprises Ltd:


Bluestar Enterprises changed their name to Bluestar Global Capital Ltd. This is the company that was the "other lender" who provided the money to enable Mohammed and Adam to set up BEN and Blue Star Global Capital were repaid with 22m shares at 10p on admission that they then sold at 80p and lower when John Storey stampeded them into selling.

Blue Star Global Capital Ltd were the company who registered the rule 7 breaking debenture over MBU Capital Group Ltd BEN shares. Which I got removed.

So, when you are trying to understand what is happening, always remember that every decision is made based on how to repay the over £80m of secured defaulted debt that Mohammed Iqbal has transferred in May 2021 from his own ownership to that of MBU Capital Group Ltd. He must clear that debt and the only way is to sell the BEN shares at as big a profit as possible.

Companies House is fun you see!

[hazelst] 17/9/2022 07:53

You can never trust a charity thief!

[seagreen] 16/9/2022 19:08

Appologies wrong stock so removed

[seagreen] 16/9/2022 19:07

But you are the dominant poster on BEN and yoy only post negative posts and are a self confessed shorter and deramper as well as a fraud so thats why people think you are mentally Ill

What to do

We forgive you if you can not post anything until Tuesday

[seagreen] 16/9/2022 19:02

shhhhh .......

[purchaseatthetop] 16/9/2022 17:06

Final words to penstock as he has left. He is happy posting again on LSE which is a naysayer free zone and much less effort for him.

No…update̷0;penstock is also saying his goodbyes on LSE saying that beardozer poster there is me because he is not jumping up and down celebrating the share being 34p.

Emphasises the rule. If the dominant posters on any share simply accuse any negative post as being a shorter, deramper, fraud, mentally Ill etc etc poster….then run a mile. Negative views must be welcomed.

[aimmafia] 16/9/2022 16:35

Please be your final words. Please.

[seagreen] 16/9/2022 10:21

Penstocks wondered when you would realise