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Quite possible…the seller has been holding this back.
We are due a rise on the strength on the purchase of the second HWM
Don’t want to jinx it but see a 10%day coming
Agreed Smudge, sp seems to be moving freely atm
WHIS have now moved and are off the offer, hoping the seller is done now
wolf - I don't see that as a problem. I've seen unsupportive IIs and large holders do massive damage to companies, esp after significant sp rises. I would much rather have what we've got here - expertise and focus in the sector, totally aligned re BEN strategic direction, demonstrated commitment with lengthy lock-in periods. They are aware of the likely huge rise in value of this company, to be reflected in sp in due course (potentially in multiple £s) and I should imagine want to avoid large 3rd parties selling / destabilising during the journey. They are probably also being selfish, with the anticipation of substantial year-on-year dividends, and would prefer to keep those for themselves and their own investors. All of which provides enormous confidence, the same benefits and stability to PIs who are able to secure a slice of the cake.
Admittedly I haven't done that much research on this company and do hold a fairly insignificant amount of BENS share - however - it is of note that there doesn't appear to be much interest from institutions - probably due to the fact that MBU Capital and AW hold around 2/3rds of the issued shares (MBU Capital apparently employ AW) - this is a scary amount and means the company can be run fairly autocratically and will will certainly rule out types of investors - most especially institutional investors - just imagine the AGM or any EGM - everything motion starts off with 67% of votes and probably going to get carried
See links
https://im-mining.com/2021/01/27/mbu-capital-acquires-bens-creek-carbon-mine/
Adam Wilson, Head of Natural Resources at MBU Capital, said: “We forecast strong demand for high strength steel over the coming decade, and this acquisition will significantly add to MBU Capital’s portfolio of precious metals and compound materials.”
https://benscreek.com/aim-rule-26.html
Significant shareholders
This information was last updated on: 8 December 2021:
MBU Capital Group Limited 59.49%
Adam Wilson 7.96%
John Story 4.87%
Think this is just getting traded as AW has given all the latest info on timeframes, so Friday RNS to say money hits the bank……catch them out AW
Agree Bladey, meantime ignoring the day to day fluctuations. Topping up if it gets too tasty..lol.
Profits rolling in will change sentiment, people start doing the maths and working out the growth when "real cash", is flowing into accounts.
Cash will always be king.
My view, that AW is on a mission to redeem himself for the mess that Atlantic Coal got its shareholders into, in the last cycle. He's not going to P&D this one in a hurry. You can see that by the lock-ins, incentive arrangements, and % owned by insiders. Stick around to see the profits actually recurring, and dividends being paid. He has created the right vehicle, for the right time, at the right price.
me too CH. I have no access to mm data & trading volumes. Only been doing shares since October and still don't get how great news via podcast interviews and RNS doesn't attract new investors and a rise on the sp. All the hype about this being a £1+ share with 10p dividends (that is 25% dividends at the current 40p sp!) and still we bob around 39p. Buy a closed down shop and start selling products in demand, buy the neighbouring shop to double the amount of shelves, buy some more tills and sort out delivery transportation, generate revenue 2months ahead of schedule and the value of that formerly closed shop would be huge and keep growing. Do the same to a coal mine and the price goes up 400% and just hovers there despite all the future potential. Guess while it bobs around 39p the guys who bought in couple months ago will just keep slicing to take advantage of dips in other stocks and come back to see we are still only at 40p with a 1p spread. :( I expected a pump n dump but figured the slicing wouldn't take place till mid 40s. Damn Biden and his rate hikes and media scaremongering of Russian invading to take over the gas pipes. Now prices are recovering maybe investors will come back here on Friday to see RNS about first revenue payment. AIM is definitely a traders game, but am still gonna hold my BEN stake longterm as the potential profits have to filter down to the shareholders, don't they? Genuine question.
if you look at the mm data it's surecap which have dropped the ask to 38.5, rest are all above 40 still , so I wouldn't worry about it at all
I really don't yet grasp the whole MMs thing at all.
Not a chance, there were bigger buys than that today.
Simply more sells than buys…
Late reported buy of £28k worth, 40p. MMs keeping it here today to fill that order?
Wholeheartedly agree, Charlie.
I don't think 40p is a new ceiling CH. Not really a chance of that happening. We had a seller in the last few days but as soon as any more news drops (first payment?), the share price will start ticking up again.
Thought it was going to be our new base! Today it seems like the new ceiling!
(For today. Tongue in cheek comment. Count to 10.)