Bens Creek Share Discussion Threads

[seagreen] 09/10/2022 18:27

Post 7360 see post 7364 total accounting tosh used for his mythical p/l estimate

As stated before you simply do not understand the basic diference between cash and accurals accounting.

You are totally out of your depth and as you are clearly not an acountant I would stick to your uber driving.

You are an imposter suffering from a severe case of personality disorder who has lost any ability to tell the difference between right and wrong.

[seagreen] 09/10/2022 18:09

Post 7359.....

Unbiased readers realise you are totally deluded with your own self importance and continue to lie.

You have done and continue to show a total lack of accounting knowledge or any of the fundamental concepts in your posts or financial estmates which show a total contempt of International accounting standards.

In no particular order your posts have shown a total lack of basic knowledge on:

The difference between Capital Expenditure and Operating Expenditure and the relevant Balance Sheet and/or profit and loss treatment

The difference between Fixed, Semi-Fixed and Variable expenditure in your estimates and economies of scale.

That is why I am utterly convinced you are not a qualified accountant or have an MBA otherwise you would not talk such utter rubbish or make up forecasts that do not and never would stand up to scutiny by anyone who even had an O level in accountancy.

You are and always have been a Charlatan

[mindminer] 09/10/2022 15:53

I mean BENT Creek

[hazelst] 09/10/2022 15:48

Never trust a convicted fraudster.

[purchaseatthetop] 09/10/2022 13:48

Just for clarification on whether BEN can pay dividends. There is always lots of excitement over the AW statement of a 10p dividend. Especially on LSE who are the most deluded.

A company can only pay dividends out of its accumulated historical and present retained earnings. Essentially all its profits to date excluding spurious bookkeeping weirdness like bargain purchase profits.

As at 31/3/22 the retained losses were $6.023m. Since then these losses will have grown materially. Maybe the losses have grown to $12m or more.

Therefore. Before BEN can pay any dividends to investors it must first earn enough profits to eliminate the negative retained profits in the balance sheet, and then earn enough new profits to bank in the balance sheet to cover the planned dividend. And it must have the cash to pay the dividend.

The current two trains a month do not even cover costs so retained losses will continue to grow for the rest of 2022. Even if they then got four trains a month in 2023 the whole of 2023 would be spent starting to reduce the mountain of historical retained losses. There would be no chance of any dividend even a four trains a month until 2025. If coal prices remain very high. A 10p dividend with the present 374m shares, a number that will rise rapidly with the conversion of options coming up, would be at least £38m alone. So, to pay that BEN needs to bank at least $65m of retained profits.

[seagreen] 09/10/2022 11:00

Patt the truth is, for some reason, you are determed to interprete any RNS or possible sound bite into the worst case scenario and rubbish BEN and the BOD, with no regard to common law or regulatory law.

Whether you are an accountant or an MBA or worked as an accountant in corproate finance as you have stated so many times is 100% relevant as you have advised other posters you are/hsve.

Although you seem to be backing away from these assertions now and may be wishing to clarify these issues.

Should it be true such training, qualifications and job experience would clearly give some gravitas and substance to the profile you like to portray.

Should it be not true, whilst not preventing you to use logic to articulate and opine on financial matters, it would prove beyond reasonable doubt that you are a charlaton and therefor a liar.

By defnition this would clearly show that you have been lying ever since you first posted on ADVFN.

[purchaseatthetop] 09/10/2022 10:22

Serratia. Very relevant. I imagine that Megahighwall will be singing it as they decommission mid November:

“I guess there is no one to blame
We’re leaving ground (leaving ground)
Will things ever be the same”

[serratia] 09/10/2022 10:14

Some say -

[purchaseatthetop] 09/10/2022 09:05

Seagreen. I am on shift and on my iPad so cannot post links. Anybody can Google it to check whether I am telling the truth. Check out pier 6 lamberts point. No difficult. So that is true.

Insiders are selling unconverted share options at below market price (18.5p plus the 5p option price) to buy other 5p conversions. Clearly this is in preparation for the end of lock-in. Otherwise, why bother and sell at price below market value. So that is true.

The Megahighwall contract finishes end of November 22 and unless there is a new contract that is what is happening. The 18/8/22 RNS that clarifies the move to owner operator from contractor model makes it clear to me that Megahighwall are not staying. Remember that they were supposed to sign a new contract in July but we have heard nothing since. Read the RNSs and see that whereas months ago Megahighwall were identified in all the RNSs, now they are never mentioned. So, that is true.

Whether I am an accountant and MBA is completely irrelevant. What matters is what I can see that you are blind to. Happily I have saved a lot of people a lot of money over here.

[seagreen] 09/10/2022 09:03

Post about the RNS concerning the small amount of employee and ex employee share options outcome also guess work. You are deeply damage goods

[purchaseatthetop] 08/10/2022 22:11

Only Seagreen could think that BEN met b coal could be compared to a premier cru. FFS. Oh…I have some Chateua La Tour de BEN 1966 coal……..
Seagreen.

The facts. Yes facts are that NS uses Pier 6 Lamberts Point. This has a capacity of 48m tons a year and can load two ships at a time at a rate of 8k tons per hour. Coal is continually checked and mixed to ensure the quality of the shipload is within the required parameters. Google it and see yourself. Any BEN train is just over a hour of loading. Many other trains arrive before and afterwards to fill a collier.

Lock-in ends in less than two weeks. Insiders are selling options at 23.5p to exercise 5p options clearly to sell them on 19/10/22. We are just a few weeks away from no mining happening at all. When will you recognise that you are being dry socketed?

[seagreen] 08/10/2022 11:26

My point is not about the destination but what evidence do you have that Mittal are happy to accept a blend of diferent mines coal.

You may well be right that once coal reaches a certain grade clients are happy to accept a blend of diferent mines coal as long as it is within a certain parameter of grade and clients are not as sensitive. (Also it might be not practicle to keep diferent mines coal seperate.)

I was genuinely curious as for example in the wine trade some of the premier chateaux would not blend grapes from a different property they do not manage. Where as the wine cooperatives blend local grapes from multi properties.

However you always pride yourself on only using "substantiated facts" so I was asking for proof of your comment, which to date you have not provided any evidence for and your record on "Just a fact" is to be polite not always correct.

I would hate to think you were making another of your sweeping jumps in logic you openly admitt to, to purely diss BEN selling coal to the largest steel maker in the USA

[purchaseatthetop] 07/10/2022 17:34

Seagreen. You are an ignorant idiot. All Norfolk and Southern coal goes to Pier 6 Lamberts Point. Just a fact.

[seagreen] 07/10/2022 17:31

So this is another made up story as your silence confirms

Along with the other 50 odd

Guilty as charged



purchaseatthetop
5 Oct '22 - 17:18 - 7317 of 7348
0 3 1
Allotment.
Pier 6 at Lambert Point is where the met b coal goes to be loaded into the collier to go to customers.
The coal is weighed and quality checked as it is loaded to ensure that it has customer quality parameters covered.
BEN coal is mixed with trains from other met b mines to fill each collier.
It not just BEN coal.
There is nothing special about BEN coal snd ArcoMital buying this coal is not a mark of approval.

[purchaseatthetop] 07/10/2022 13:35

Well. USA insiders happy to sell shares for 23.5p. If this was going to fly I suspect this would not be happening.
Or. The USA insider sold the 150,000 options to fund the conversion of the 740,000 shares at 5p as they had no cash.
In any case. These are getting ready to be sold in, say, less than two weeks.

[seagreen] 07/10/2022 12:25

By George he has finally got it.....

Try not to ramp though....

All in due course, all in due course,

Good to seee the same old stale Porky Pies being repeated by the special one

Just feel free to provide any substantiated supporting info for your splendid yarns as you advise your desciples that you always do without fail but never quite seem to..such a let down

Let us try the easy ones

Still waiting for evidence on the Pier 16 yarn perchance?

A picture of a rusty HWM on the property perchance?

Evidence that Chef Wilson is not talking to the existing contractors and structuring a new agreement to use their newer machine perchance?

Evidence that the existing HWM did not producee circa 40k tons in Aug and Sept perchance?

Explain why Mohamed continues to buy shares perchance?

Oh dear more stale porky pies from the special one.....such a disapointment your desciples must be in the process of a damascus moment and realising the truth...

[ohojiim] 07/10/2022 12:07

SG, the underlying message which appears to have got lost in translation was updated map information was available over using the 80s A2Z but using that and then smoke piping the burnt Sunday roast fumes was not conducive to a Chef Wilson Michelin Star undertaking. You re staring at an Aldi frozen pie quickly thawing.

[purchaseatthetop] 07/10/2022 11:36

Whatever Seagreen is smoking I would like some! It seems that all is fine, Adam has it all under control, Mohammed Iqbal is not longer completely bankrupt, Megahighwall are lining up new miners, the rusty bought HWMer is now shiny and working, skilled staff that are as rare as hens teeth have all appeared, huge tonnage is being mined, and the share price will soar! Because Sundayroast say so!
Good luck with that.

[seagreen] 07/10/2022 11:09

After such an excellent Sunday Roast perhaps one day Lakshmi and Mohamed will feast on a Michelin star cheese souflee takeawy lovingly prepared by Chef Wilson but one can not rush Souflees as they need to be prepared to a tee and served at a suitable moment

8-)

[seagreen] 07/10/2022 10:51

OJ

A very good morning to you so nice to see a sensible quality poster unlike that other OJ glove puppet on this bright sunny morn.

I find it most mysterious why as each jump in logic and unsubstantiated guess is burnt to a cinder by Phil and Kevin and replaced with an excellent Sunday Roast by the Michelin star Chef Wilson they get repackaged and reappear.

There was definitely a whiff of burnt and roasted shorts running for cover or perhaps sensible investors realising that Sunday Roast's fair is far better than feeding off old stale porky pies that after all tend to get repeated every hour.

One would hope as Autumn gathers a pace that they may turn a new leaf or find a fresh idea.

Although to be fair I noticed that new yarn about everyone turning up at pier 16 and bunging their coal into Mittal's skip. That was a short lived cracker to go with the cheese.

The special one has obviously confused Mittal's quality control with his last "trip" to his local Italian wine cooperative where they bung all the unwanted grapes not fit for the local market and produce that filthy prosseco so favoured by ambo drivers.

One lives in hope that he might drive himself to A&E and admitt himself, I do worry for his safety as the clock ticks ever closer to full production especially as it looks increasingly likely that Megahiwall are considering a contract to operate Chef Wilson's brand new sparkling refurbished utensils.

God forbid if they produce even more coal than the current one in use as the special one will end up crushed like a grape on the sideboard.

Of course Michelin star Chef Wison would not stoop as low as serving up course after course of stale porky pies like thee and me, but a mischevous thought ocurred to me all be it pure conjecture that perhaps those clever hedge fund boys have forward sold the required shares to protect the underlying CLN capital.

Thus confusing the special one even more than the 2022 lady bird "introduction to mining technology book" which sadly is way beyond his pay grade

I gather the excellent Mohamed and nice buisness partner of Chef Wilson has come back refreshed from his cruise in his private yacht and is busy financing new ventures in the city.

Although I can not substantiate the rumour he spotted a mad looking Brit on his pedelo off the Italian coast with a high visibility jacket waving a blue torch yelling Hey Haw Hey Haw trying to sell stale porky pies and luke warm Prosecco

Toddle pip