Bens Creek Share Discussion Threads

[purchaseatthetop] 04/10/2022 17:33

They are only producing 18k tons per month per their own RNSs.
They have been saying they would be producing 80k tons a month ages ago but only 18k
They have huge retained losses that need covering before they are ever allowed to pay any dividends.
There is no evidence any second working HWMer is eve coming. The purchased HWM is rusting, unrepaired and unstaffed.
There is still no evidence that they are recruiting any extra staff.

However, lock-in ends on 18/10/22 and there are all the relatives of Iqbal and Haldankar desperate to sell their shares at the first chance. Millions and millions of shares. Let alone MBU having to sell tens of millions.

Want to buy this share? Good luck.

[sellatthetop] 04/10/2022 16:44

They are only selling 40Kt washed coal each month.
They won't be selling 80KT until December.
They won't be announcing dividends until April.
They won't get the second highwall miner until the end of this month.
They will have to employ a lot of staff to operate the new surface equipment even though it is cheaper than leasing equipment and operators from a contractor.
The share price is going back up. How come? We haven't closed our shorts yet! Dammit.
Hope your mum makes a profit by Christmas.

[spagnolia] 04/10/2022 16:03

so undervalued with so much news to come over next few months that will transform the business again going into 2023. Mittal startegic partner?? :-)

[sirmark] 04/10/2022 16:00

Nice strong recovery in the share price today...looking to break 30p shortly

[pattsaloser] 04/10/2022 15:44

Best to ignore the scare monger in chief he seems bitter and twisted and tries to convince that every delay is the end of the world and every significant share holder is up to no good ...the best posters have given up trying to have a sensible debate.

Time will tell but most people of sound mind who believe the CEO's comments and that excellent progress has been made to deliver a positive contribution per ton and are in the progress of increasing production to reap the benifits of economies of scale and turn the company into a very profitable mining company as was promissed (all be it delayed).

[aberloon2] 04/10/2022 15:00

Have been watching this one for a while and it appears there’s some chunky buying here today and have taken a small punt,if the seller is out this could move quickly. Imho

[ohojiim] 03/10/2022 21:53

A simpler analogy of the unknowns:


> The billboard poster made promise of a succulent Sunday roast

>The chefs are producing a charred dinner


>>The dinner is repeating more than a kipper breakfast

>>> *Who s got fish breath?


* Not AW or Cohorts

[papillon] 03/10/2022 19:47

free stock charts from uk.advfn.com

[amaretto1] 03/10/2022 18:02

Atlantic coal all over again !!! Which still owes me 20k

[bonzo03] 03/10/2022 17:57

Just remember youre scum

[purchaseatthetop] 03/10/2022 17:26

It is becoming the absolute perfect head and shoulders with sleeves. That is not good news for holders.

[purchaseatthetop] 03/10/2022 15:18

Well. The 15/12/21 $6m CLN at 28p is now underwater so a simple unsecured loan. Bet those lenders are less than impressed.

The RNS said it was to be “used predominantly for future acquisition opportunities” which has not happened. All gone on working capital to cover losses and huge salaries. Borrowing to pay the board huge salaries is Kwasi Kwateng like behaviour.

[sellatthetop] 03/10/2022 10:10

All those loans to pay wages;
Mining 20,000 tonnes coal each month?;
Contractors taking a huge % cut;
Price of thermal coal low;
Directors friends and families all selling to buy Lambos;
Only using trucks to sell coal on the ground;
No evidence of any purchases or 'acquisitions';
No evidence of any stockpiles;
Not making any profit;
No dividends;
No offtake deals next year;
Winter coming. Be lucky to do 10,000 tonnes each month then;
Unstable economy. Corrupt government. share price will keep dropping.

[terminator101] 02/10/2022 10:17

Morning rampers. Seems that this pile of overvalued pish that is being fluffed up by Zac and his merry band of boiler room rampers is following the playbook exactly. It’s one big head and shoulders pattern with a massive gap to the downside. Meanwhile the actual business has over promised and massively under delivered. Wouldn’t want to be long on this lifestyle pish.

[mindminer] 01/10/2022 21:19

He's probably made a lot more short than your long gwp91 😂

[hazelst] 01/10/2022 18:08

You can never trust a fraudster!