Bens Creek Share Discussion Threads

[purchaseatthetop] 18/10/2022 10:27

Seagreen. Oh. You meant something else? How amazing.
Section 8.7 confirms the lender is obliged to make further advances according to the Facility Agreement.
You really are not very good at this are you .

[seagreen] 18/10/2022 10:05

Edit what I meant was any additional money since 21 April 2022 to facilitate the additional purchases of shares by MBU?

I think not.

[purchaseatthetop] 18/10/2022 09:01

Seagreen. Your post:

seagreen18 Oct '22 - 08:11 - 7462 of 7464
0 1 0
No RNS saying MBU borrowed money from Blue Star
Tell me Harpic why would Blue Star lend MBU money
You just make it up
Totally round the bend

Actually because MBU have told us:

21/4/22 Debenture for money lent by Bluestar to MBU Capital Group Ltd.

Date of creation: 12/04/2022
Charge code: 1260 5280 0002
Persons entitled: BLUESTAR GLOBAL CAPITAL LIMITED
Brief description: ALL PRESENT AND FUTURE ESTATES OR INTERESTS OF THE COMPANY
IN, OR OVER AND FREEHOLD, LEASEHOLD, OR COMMONHOLD
PROPERTY; THE BENEFIT OF ALL OTHER CONTRACTS RELATING
TO ANY FREEHOLD, LEASEHOLD, OR COMMONHOLD PROPERTY,
THE SUBJECT OF THE SECURITY CONSTITUTED BY THE DEBENTURE
ANNEXED TO THIS FORM; AND ALL INTELLECTUAL PROPERTY (AS
DEFINED IN THE DEBENTURE ANNEXED TO THIS FORM).
Contains fixed charge(s).
Contains floating charge(s) (floating charge covers all the property or
undertaking of the company).
Contains negative pledge

[seagreen] 18/10/2022 08:42

Harpic people are still buying cos no one believes a single word you make up

[purchaseatthetop] 18/10/2022 08:16

Seagreen. What parallel universe are you living in? My “warped views” have proven 100% correct. Adam is actually to blame for everything. BEN was admitted to AIM with a prospectus that was instantly junked. Now BEN is just six weeks from no longer actually mining because they cannot control the Highwall mining while they would have been able to control underground mining. AW has lied and misled endlessly and now nobody (except you) believe a word he says or writes. And he has spent $38m doing this.

8am tomorrow. Lock-in ends.

[seagreen] 18/10/2022 08:11

No RNS saying MBU borrowed money from Blue Star Tell me Harpic why would Blue Star lend MBU money You just make it upTotally round the bend

[seagreen] 18/10/2022 08:07

Harpic Patt why do you get so stressed no one is going to believe your warped views what do you expect you have been shown to lie or "guess wrong about 20 times and you behave like a Rottweiler on heat blaming Adam for anything and everything. You lied you had to retract your lies get over itNo one trusts you Harpic.

[the modeller] 17/10/2022 20:53

A dog returns to his vomit.

[purchaseatthetop] 17/10/2022 18:59

Seagreen. Nobody cares what you post. You are simply the useful idiot. Get over it.

MBU Capital increased their holding by 0.5% by spending some borrowed money from Blue Star. They already have hundreds of millions of shares. Why would a company with tens of millions of defaulted and secured debt spend a penny more on BEN unless it was a desperate attempt to persuade idiots that they were financially viable and certain of BEN being a super investment? But happily due to my posting EVERYBODY knows MBU is bust.

As I said. Useful idiot.

[seagreen] 17/10/2022 18:54

Patt

Wake me up when they are producing 80,000 tons next year

Re

"I welcome any insider taking legal action. I simply post from RNSs and Companies House. This is data furnished by the insiders. They may not like my interpretation but good luck with suing."

News to me

Never saw an RNS stating that Ben's Creek was in Pennsylvania and Adam procurred it through false means mind


Funny old world I do hate liars with a passion so I best wind my neck in

[seagreen] 17/10/2022 18:49

To use a well worn phrase from your good self let us stick to the RNS evidence and the cold hard facts

30/June/2022


MBU Capital increased their holding by circa 700,000 shares at a cost of circa 40p to 50p. Cost to MBU Capital circa £300,000. (Increase from 59.42% to 59.65%)

18/August/2022


"The aggregate proceeds from the Subscription is made up of MBU (c.GBP500,000), Mohammed Iqbal (c.GBP1,000,000)

That IS £1.800,000 personally invested by Mr Iqubal/MBU Capital in June through August of this year.

However financed the ownership of the shares belongs to Mr Iqubal/MBU Capital.
(I mean really who would lend £1.8M if you are correct in your assertions?)

[purchaseatthetop] 17/10/2022 14:14

Seagreen. Nobody has ever provided any evidence John Storey got a margin call. He simply read the same RNS that I did and I posted that the wheels were falling off and that John Storey would sell. Which he did the next day. He only had 16m or a bit more shares. 44m were sold in lumps of 250k or more in the next four days. The other 20m plus were sold by Blue Star from the short term MBU other lenders loan.

They blame John Storey to divert your attention from the real person to blame. AW. But you will never be willing to accept this.

[purchaseatthetop] 17/10/2022 12:29

No Seagreen. Not trying to frighten anybody. Just saying what I think will happen and why and when. Which we are allowed to do. I just think that the ups are long gone and the downs are here to stay.

Interesting that you say the truth eventually wins after AW published such a pack of fabricated and completely impossible forecasts that caused lots of poor victims to buy in here at more than 80p. Also interesting that you think they will not issue any more PR until they are 100% sure about it because so far 0% of their PR has actually happened.

You are a useful idiot to them.

[seagreen] 17/10/2022 12:28

7488 thats more likely it a little bit less Darth Vader

best
Luke

[seagreen] 17/10/2022 12:25

PAP

I am a patient man life tends to sort itself out but they will not release any more PR until they are 100% sure of factual evidence of progress or indeed issue a RNS when appropriate.

Some of the comments here are plain childish or at best illogical and definitely aimed at frightniing people into selling to justify their dogmatic position.

No doubt there will be plenty more ups and downs and silly games, but the truth eventually wins.

May the force be with you

SG

[purchaseatthetop] 17/10/2022 12:23

Seagreen. And take that honour away from you? No thanks.

[papillon] 17/10/2022 12:14

free stock charts from uk.advfn.com


The BEN chart is still strongly bearish, seagreen. Will it turn strongly bullish again? That, as always, will depend on news. Both internally and externally generated news. Based on this chart I would be a very nervous shareholder of BEN.

[purchaseatthetop] 17/10/2022 12:08

Seagreen clearly still seeing trees and ignoring the woods. Seagreen. That money was borrowed from Blue Star. There is even a debenture on MBU Capital Group to show it.

[seagreen] 17/10/2022 12:02

Top of the mornin to you Patt do not beat your self up it is a lovely sunny day, but I hate to let you down with my undying support of your research, it might just appear that the market disagrees with you and you are the only one anxious about the end of the lock in as there were some chunky buys last week.

To use a well worn phrase from your good self let us stick to the RNS evidence and the cold hard facts

30/June/2022


MBU Capital increased their holding by circa 700,000 shares at a cost of circa 40p to 50p. Cost to MBU Capital circa £300,000. (Increase from 59.42% to 59.65%)

18/August/2022


"The aggregate proceeds from the Subscription is made up of MBU (c.GBP500,000), Mohammed Iqbal (c.GBP1,000,000)

That IS £1.800,000 personally invested by Mr Iqubal/MBU Capital in June through August of this year.

However financed the ownership of the shares belongs to Mr Iqubal/MBU Capital.
(I mean really who would lend £1.8M if you are correct in your assertions?)

his investment was made in the full knowledge of the lock up ceasing, the current delays in production, the current apparent global financial turmoil, the war in Ukraine and of course that he is duty bound to report any changes in the respective holders. .

Those are the cold hard facts and what ever the current state of MBU Capital's legal obligations to file accounts on time and the apparent complex nature of its financial afairs you allude to and what ever the current state of Mr Iqubal's personal finance, MBU Capital/Mr Iqubal found the where with all to invest a further £800,000 and £1,000,000 to invest in BEN despite being fully aware of their respective current financial situation.


So forgive me but on this point I would be so bold to suggest you may just be an itzy witzy bit wrong in your time frame.

I do not propose to repeat for the umpteenth time the detailed logic again as to why MBU Capital and Mr Iqubal would invest a further £1.800,000 in full knowledge of the outcome should you be right as it would be just a waste of money and you must surely realise.

So the sooner this red herring is caught and you eat humble red herring pie in two days time, we can all get back to being new best friends.

However embarassed you may be in a couple of days or months or years, just sing along to this song it truly helps to calm one down. XXX



Raindrops on roses
And whiskers on kittens
Bright copper kettles and warm woolen mittens
Brown paper packages tied up with strings
These are a few of my favorite things

Cream-colored ponies and crisp apple strudels
Doorbells and sleigh bells
And schnitzel with noodles
Wild geese that fly with the moon on their wings
These are a few of my favorite things

Girls in white dresses with blue satin sashes
Snowflakes that stay on my nose and eyelashes
Silver-white winters that melt into springs
These are a few of my favorite things

When the dog bites
When the bee stings
When I'm feeling sad
I simply remember my favorite things
And then I don't feel so bad

Raindrops on roses and whiskers on kittens
Bright copper kettles and warm woolen mittens
Brown paper packages tied up with strings
These are a few of my favorite things

Cream-colored ponies and crisp apple strudels
Doorbells and sleigh bells and schnitzel with noodles
Wild geese that fly with the moon on their wings
These are a few of my favorite things

Girls in white dresses with blue satin sashes
Snowflakes that stay on my nose and eyelashes
Silver white winters that melt into springs
These are a few of my favorite things

When the dog bites
When the bee stings
When I'm feeling sad
I simply remember my favorite things
And then I don't feel so bad

[purchaseatthetop] 17/10/2022 11:33

Tburns. Check out page 45 of the admissions document. It lists the millions upon millions of shares held by non market stabilised relatives of the main players. Add other incentive options given and already exercised clearly to be ready for 8am Wednesday (recent RNS) and I think there will be a flood of selling under the Prisoners Dilemma.

There is only one chance to avoid a material share price collapse and that is an RNS showing a second working HWMer arriving, an extension to contract miner for the first HWMer, an offtake agreement for 2023 etc. AW may have been keeping that up his sleeve to release Tuesday or Wednesday and spike buyers that they can all sell into.

But if he does not have that news it will be messy. Imagine the psychology of those insiders and relatives who have watched the prize shrivel. Do they trust AW any longer?
Remember that the share price collapse from 85p to 40p in two days was John Story starting to fire sell following that terrible RNS and that forced Blue Star to join in to make what profit they could.

Unless there is amazing news, this is going to get horrible because in six weeks time the mining may have stopped as the Megahighwall contract service agreement ends 30/11/22.