Bens Creek Share Discussion Threads

[seagreen] 10/11/2022 11:30

Patt I am totally aware of the softlock in, I did not want to over complicate.

The only sensible way anyone can sell volume is by finding a new strategic partner or via a block sale.

To date no one has sold any shares since the softlock came into play as you would have seen a RNS.

[seagreen] 10/11/2022 11:21

The make up of the shareholder register has nothing to do with the underlying business or the value of it.

It does give the shorters or bashers an excuse to spread fear and cause volatility for sure and well played them (look at THG where the idiots at softbank over traded and were forced out)

If you believe that metcoal is still a key strategic commodity and has a good chance of remaining strong all be it unpalitable for the green lobby then the mkt cap may be trading at significantly lower than the NAV of the underlying infrastructure and asset.

Sadly there is currently no other way of making steel in commercial quanties as all the large steel manufacturers are set up to use met coal. It will take 10/20/30 years to change that.

I see a start up that suffered from numerous unforseen bottleneck covid delays beyond their control who were wildly over optimistic with the quality of the infrastructure they bought and their pr timing projections on progress.

I believe it may take time but they appear to be finally be making real progress all be it a year late in delivering.

But they are going to have to work dam hard to win back positive market sentiment

A new strategic investor would do that overnight but first they need to prove to everyone they can really achieve significant production levels and they are and have been genuinely increasing levels of production.

It does not matter what Patt or I think, the ball is in their court to win back confidence.

[amaretto1] 10/11/2022 11:08

In the mean time John storey is sailing around the Mediterranean ....Watching and eating Sunday roast !!!

[purchaseatthetop] 10/11/2022 11:04

Seagreen. You are wrong again.

The first persons who were securely locked in for the first year still have soft lock-in for year two. That includes MBU and insiders like Raju. This means that they can only sell via Optiva and without impacting the market (ie dropping it). So nearly all the locked in shares remain restricted. So no handcuffs removed.

However, the MBU shares are now allowed to be secured against in year two and if they are seized by Bluestar there is no restriction to selling.

[papillon] 10/11/2022 11:02

You were correct about MBU & Bluestar, purchaseatthetop and the BEN charts have been vindicated.
Sub 20p has been an share price target for a long time.

[seagreen] 10/11/2022 10:44

goforgold

I had no idea he was 100 appologies.

[seagreen] 10/11/2022 10:41

Patt my argument with you is that you have made and make up operational and financial forecasts without proof on many stocks.

You were (as I said at the time after the RNS) correct on the first debenture issue and you are correct on the recent debenture issue (just said but I never said you were wrong, the RNS confirms it).

Anyone has been free to sell any share since the handcuffs were off last month.

I do not really care who sells or buys.

[goforgold1] 10/11/2022 10:32

SeaWhy is he acting like a five year old . He is 100 correct or have you been going around with your eyes shut . Of all the corruption on AIM in last year . CEOs telling lies nearly every week now . Companies Gojng bust or ready to go . Nothing ever done total con

[seagreen] 10/11/2022 10:29

amaretto1 calm down you are acting like a 5 year old.

[xarasvii] 10/11/2022 10:12

Legalised robbery!

[amaretto1] 10/11/2022 09:59

The thing is .... this is happening all over AIM The evidence is all out their ...They all need bringing to book !!!!I've comprehensively emailed FCA and government departments about it.

[purchaseatthetop] 10/11/2022 09:51

LOL Xaras!

[goforgold1] 10/11/2022 09:34

A Charge could be a few things most times . If you owe money to someone or can not pay back . The person or company will ask for a charge on any assets that are worth money ..The way it's been worded is to hide this . In plain English they have used there shares to cover debt they have . 200 million shares it all depends how much they have borrowed on these shares or how much they owe someone . .Which ever it is this share is not worth the paper it's written on . Some have made a massive profit here from 10p to over a pound wow .

[amaretto1] 10/11/2022 08:41

Seagreen is 70 plus ...He's completely lost the plot !

[purchaseatthetop] 10/11/2022 08:36

Tburns. Looking at published accounts for Bluestar and MBU accounts to 31/3/22 I would guess Bluestar are owed about £6m by MBU but it could be a lot higher. I just do not know. The point of the debenture CREST deal is that Bluestar has the right to sell as many shares as required to clear the debt. So if £6m then about 32m at todays price. The problem of course is that with 212m available it is essentially an endless death spiral for holding PIs. Any sale drops the price requiring more to be sold to gain the same return.

Bbmsionlyetc. I miss Seagreen. But he is happy on the other board saying that I am spreading lies. I paid a visit there today. Come on Seagreen! You are an ACA and a senior finance professional (giggles) so must have a grasp on this small matter.

[bbmsionlypostafter mk2] 10/11/2022 08:35

Looking forward to a couple of thousand words from seagreen on why this is good news.

[tburns] 10/11/2022 08:31

Patt, what was MBU's debt to Blue Star and what effective share price were they getting for their 212m shares to discharge the debt, 20p or less?

[purchaseatthetop] 10/11/2022 08:31

Yes……everything I have posted has been a lie. Especially the debenture on the BEN shares that I posted on 29/10/22.

[chesty1] 10/11/2022 08:30

Not seen a share pumped & dumped so hard! OUCH!