Bens Creek Share Discussion Threads

[bbmsionlypostafter mk2] 26/9/2022 11:30

seagreen,

Your posts would might be given more credence if you omitted the ad hominem stuff. Another benefit of doing that would be you'd post about 85% fewer posts & they'd be much shorter.

[purchaseatthetop] 26/9/2022 09:05

This makes the position of the US CLN holders interesting. The 40p ones are now not going to be converted any time soon. The 28p ones are soon to be underwater. That means that this $12m debt essentially becomes straight debt and is now more like $14m with interest. Now £/$ is almost parity it means the original £9m debt has risen to £14m and is costing £1.7m in interest alone per annum.

Blue Star I imagine have lost faith and are selling down at any profit. I bet they regret ever listening to Mohammed much like the US IIs.

[bonzo03] 26/9/2022 08:57

Bens share price off to the 20s unfortunately.

[purchaseatthetop] 26/9/2022 08:50

I refer you to my post 7076. That list was what BEN needed to RNS.in the absence of any RNS data this share will fall. Why is Adam not RNSing this data? Because he cannot as it is not happening I think.

[purchaseatthetop] 26/9/2022 08:37

Mr10,000 has now become Mr50,000 seller.

[ohojiim] 26/9/2022 08:23

What if you re stood at the base of a hill looking up at Purchase sat atop of his ambulance enjoying a meal deal?

[hazelst] 26/9/2022 07:03

You can't get lower than a charity thief!

[seagreen] 25/9/2022 23:23

waky waky faky faky accountant I tried to explain economies of scale fixed, semi fived and variable costs ,,,,its all there on the podcast but fake accountants with fake MBA's just do not understand..... 8-)

[seagreen] 25/9/2022 23:20

Finally got round to listening to the podcast for those who you suspect that we have a perma loser bashing I would urge you to listen...

Very honest summary of the next stages clearly explaining sourcing of HWM's as I stated prior to listening, clearly indicating they are looking to work with megga HWM contractors in the future as OI stated earlier might happen but to use our macines so will be cheaper....

Whats not to like

Clearly states MBU are in for the long haul

I do not wish to bang ob but 100% of what Pinnochio Pat has been posting are lies and each one has been smashed out of the park

If he carries on he is oing to look like the bigest idopt on ADVFN

(Editor he already is?)

Esit an even bigger one

Sometimes if you dig yourself into a deep hole it is just best to stop digging and come out with your hands held high and stop digging!



hxxps://audioboom.com/posts/8162460-midweek-takeaway-featuring-adam-wilson-ceo-of-bens-creek-aim-ben

[seagreen] 25/9/2022 21:13

Post 7139

Great news 50% of another dilution conversion lie smashed to smithereens


Lie number 23.5 and counting

[seagreen] 25/9/2022 21:10

Waky waky faky faky accountant


Their revenue is in US$'s so no increase in liability or exchange risk


Lie number 23 and climbing


Does anyone trust this idiot he can not even lie correctly lol

[seagreen] 25/9/2022 21:08

Every one knows 50% of CKN's not converted plus interest are redeemable if they have not been converted in one calender year ...thats about 1 and a half train loads of coal


You are running out of ideas

Pathetic please try harder what a fraud

[seagreen] 25/9/2022 21:04

Waky waky faky faky accountant


Executive Summary. The Ruling confirms that a frankable dividend can be paid out of current year profits where the company has accumulated losses and out of certain unrealised profits


Lie number 22 and climbinmg

~What a toss pot

(PS good job for ENET as they have US$21M negative reserves and countung LOL)


Pathetic please try harder what a fraud

[purchaseatthetop] 25/9/2022 18:07

One more thing. I did enjoy Adam warbling on about dividends etc in mid 2023. Completely impossible I think with the negative retained earnings that will need clearing first.

By the way. Take a look at the 15/12/21 $6m CLN. $3m of that plus interest at 15% must be redeemed in cash by 31/12/22.
Take a look at the 18/2/22 $6m CLNs. $3m of that aswell plus interest at 12% must be repaid in cash on 28/2/23.

Those dollar base CLNs have become very expensive now that they have increased in sterling cost from about £9.5m to £11.8m due to sterling’s collapse.

Goodness. It is nearly October 22. Let’s hope Adam has not paid himself all the cash as he did in 2021. I means 20% of all the placing money and actually 33% of all the net proceeds went into his and the other directors pockets.

Lock-in ends mid October 22. That is quite soon now!

[purchaseatthetop] 25/9/2022 17:52

In addition to my post 7130. Read the 14/3/22 RNS: “The Company and it’s a directors had no knowledge of the debenture”. Simply a clear lie. 100%. No debenture can be set up on MBU Capital Group Ltd who has Mohammed Iqbal as owner and Raju Haldankar as CFO and neither knows about it. Mohammed himself signed the debenture. Raju was a director of BEN and CFO at the time and nobody does anything without Mohammed’s say so.

[purchaseatthetop] 25/9/2022 17:07

If Mr Iqbal is so rich why are literally all of his companies either in administration, being dissolved, being struck off, in default of their secured debts to the tune of £80m, not filing accounts, borrowing money from “other lenders” to fund BEN?

The plain facts are that the entire MBU Group owns not a single valid asset except the BEN shares. Everything else is in hock and default. Ask yourself, why would Blue Star ask for a debenture from MBU Capital Group Ltd except for the BEN shares? It owns nothing else.

But see things your way if you want. Hope you do well.

[seagreen] 25/9/2022 10:44

It is Sunday if they still recognise you spend some quality R&R time with your family and just accept you have been wrong from start to finish and missed out on a ten bagger and your stubbornness will not allow you to watch it 5 or 10 bag again.Stupid boy

[seagreen] 25/9/2022 10:41

It's Sunday spend some R&R quality time with your family .... If they still recognise you

[seagreen] 25/9/2022 10:39

And you are 100% incapable of telling the truth.How many people have to correct your deep fake posts before you stop trying to repeat them when you hope no one is looking.Mr Iqbal is a very rich man and has not sold shares (he has added)Mr Wilson is a very rich man he has not sold any share.Neither needs to sell any sharesCheck the RNSYou are not rich Shareholders will be rich over next couple of years.Only concern is that gets taken over at £2 not £5 before it's fully ramped up in a couple of years.Long-term investors look at the underlying business not listen to fabricated lies or care about shareholders otherwise.

[purchaseatthetop] 25/9/2022 08:16

The hun. The excuse for the debenture was that nobody at BEN knew a debenture had been set up. That is clearly ridiculous as Raju Halandankar was at the time CFO of both MBU and BEN and Mohammed Iqbal is 60% shareholder in BEN and 100% owner of MBU.

[the_hun] 25/9/2022 00:12

MBU Capital have stated that it was never the intention to grant any security that breached its Rule 7 lock-in obligations and both MBU Capital and Bluestar have now agreed to remove the Debenture without delay. The form of the Debenture that was entered into by MBU Capital and Bluestar was incorrect and therefore entered into in error. MBU Capital has confirmed that while the Rule 7 lock-in remains in force any future debenture arrangements that may be entered into by MBU Capital will specifically exclude the granting of any security or pledge over any of its shareholding in Bens Creek.