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Jazza...he got margined on other stock. He is a poor investor. He got rekt on adv just like rest of us....
Rob, I’d never heard of him before he got into BEN. It’s definitely something else to be aware of when investing. I’d totally overlooked the spreadbet part on the Holdings RNS.
It’s a warning to AIM investors to be careful if he rocks up in your company betting big…
"my dear old mum has now averaged down " - I had to laugh!
Agreed Erik, I was never comfortable with JS holding as many as he did,especially at they were a spreadbet.
The share will be stronger once he’s gone imo.
Possibly Rob, a TR1 is due either way given the amounts. JS history suggests he waits a couple of weeks before filing one to further create instability. He’s no friend of AIM investors. Imo.
I’m not so sure that Story was the only seller…CLN’s at 40p we’re also potentially being sold.
“JS is a bit of a Maveric when it comes to investing.”
Maverick or Maniac?
He had about 22,000,000 on a spreadbet at circa 34p watched them go up to £1 and hover around 80p before having to close his bet around 39p. His bet probably covered but the fees involved probably means a loss here and definitely at XPF where he bought in around 30p selling at circa 17p. He invested at around the same time in both companies.
There’s no confusion or anything wrong with the fundamentals or running of the company, just a guy who put it all on red and the ball landed on black.
May we never hear of this guy again. He’s the scourge of AIM investors.
May i suggest a little research into John Story s investing trading history. XPF GFIN CHIl etc
If you subscribe to Sharepickers ( Justin Waite) you would hear about JS.
Apparently JS was pushing BEN in conversations with JW.
This week JS also dumped his holding in XPF a stock JS is a significant holder.
JS is a bit of a Maveric when it comes to investing.
Our coal is heavily used for green energies which every government around the world has pledged to improve on. I personally just see it as a waiting game.
Based on latest forecast, coking coal will stay stable and extremely high in 2022 and beyond. As we see our economic crisis worldwide growing, its most likely that governments will invest heavily in the public sector and as well into construction. This will need steel, which push further for more coking coal. Whatever this rich individual is doing, he needs the money for another investment.
We should see soon £1 again
GLA
beardozer, my dear old mum has now averaged down and as a family we are all still happy to be holding with conviction whilst many seem to be scurrying around in a senseless panic. A large volume sell order by JS (holding 22m shares) to fill a margin call has brought the price down. It was not bought up by PIs in a matching volume as they were waiting for the sell order to be filled and a TR1 issued to that effect. If you are frightened of the action and gonna throw up in the back of my cab then get out now, investing ain't for you. We've been on this £1 journey before with just 1 rig and a few trucks but we had to drop someone off and he ran off with a chunk of the fare. So now with 3x HWM rigs plus a deep mine rig plus more land, permits and increased reserves, a working washplant and several trains taking away washed coal each month, that £1 journey should be in the express lane. Never heard word of 5p dividends, but the CEO has mentioned 10p dividends once we reach £35.4m profits. As always, DYOR and befriend the driver as he/she has probably mapped out the route and looked at all the risk factors. Hurry up, the meter is running ;) Uber and out
Bl**dy hell...the word 'punt' in my last message should say...amount...bloody predictive text lol...
BearD...nice post... particularly the last bit on the pump n dump bit....but you appear to forget that Ben is selling everything it can produce to Integrity...they want all we can produce...and we are producing...hardly a pump n dump scenario in my book. The drop in SP was a big surprise to many but nothing related to some sort of disaster within the company. The SP will rise again once peeps realise the fundamentals haven't change and the growth of the company continues...the announcement of a divi... regardless of the a punt this year will be a big positive...and AW is very positive...
Cheers
Ezzza
In a vicious Bear Market with the tide rapidly receding the players without swimming trunks are soon exposed. And if they're even more over-exposed (if such a thing is possible) then they swiftly liquidate their most profitable positions which is understandable but illogical. Why not dump their unprofitable holdings in anticipation of BEN rising significantly after announcing regular dividends? BEN must rise from here unless there's a queue of distressed sellers... The announcement of a forthcoming 5p dividend would soon have the SP heading in the right direction. Finally, I hope penstock has learned his lesson about involving family members in wild goose chases! Probably not if the SP ever rises above 100p and he can tell his dear old mum she's in profit. Looking back, that was a very red signal - a bit like a taxi driver giving you stock tips. If BEN fails to deliver the promised dividend for any number of reasons then it's all been a pump'n'dump on a huge scale.