Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ha penstock you little monkey
Bbbob79 DYOR! I'll chuck you a line but then it is up to you to do your own groundwork: https://www.portofvirginia.com/tools/vessel-schedules/
My other question was about where you've got information about the ship timing and train timing from? That's either insider info or BS.
I'm also in from early days but the rail spur and washplant have been finished for weeks now and still no train, yet the market is screaming for product. It's a bit odd.
Guessing you are flipping and looking for lower entry again bbbob? To satisfy your deramp I will go one further than what you said and correct you as the rail spur was supposed to be completed under contract by February with first train rolling out in March, yet here we are 2 months later, nearly 3. Also the washplant repairs were late but now that is up and running. However, to compensate for the contractors tardiness, the rail safety sign off and permit issue taking several weeks, the CEO negotiated with the offtake partner to buy the run of mine coal as soon as it fell off the conveyor back in January. That was taken away at slight discount to original hedged deal by truck. The washplant has processed and stockpiled more than enough to fill the current 3xtrain loads of 12KT and continues to process coal every day to stockpile for June trains. I was concerned when rail and washplant repairs were delayed but as that was through no fault of the BEN team and as Adam had got a deal to cover costs until they were sorted that concern diminished but it has held the sp from advancing. For those reasons I must admit 88p seems a fair price today and I know many with more accounting experience will say it should be higher, but I keep grounded, perhaps as I am in from the start with little to loose and have foresight to how well such a business can do providing a product in high demand. So 88p is my layman's valuation despite it being just 84.5p now. However, once the trains are filled and reach the weighbridge the sp should reflect that BEN has become a profitable Company and base it's value on how much has been sold, has much is going to be sold, the market metcoal prices, the additional mining taking place and about to take place and of course the dividends once we reach £35.4m profits (pounds not dollars so about 3 months). oh and the resources report that is expected to extend the Life Of Mine. Am I slightly concerned was your question. In all honesty, no. If the train comes Friday or if it comes Monday, I really don't care except that it will finally change the narrative on these boards.
penstock - where have you got info about the offtakers logistics and when a ship is arriving from? Are you not even slightly concerned that trains were meant to roll in April, and it's not nearly June??
The train delay is nothing to do with BEN management. The offtake guys send the trains to correspond with docking of the collier ship which itself is delayed till end of the week. Meanwhile BEN continue to operate a double shift HWM extracting coal, washing it and stockpiling it ready for June shipments. It's not a big deal although many are making it out to be. June is going to be a huge news month for BEN. I am not advising you to buy, hold or sell. I topped up yesterday and again today as June is only a week away and
do you know when the ship docks and how?
do you know when the ship docks and how?
I blame RMT. They will probably not let the train go until next month.
The train delay is nothing to do with BEN management. The offtake guys send the trains to correspond with docking of the collier ship which itself is delayed till end of the week. Meanwhile BEN continue to operate a double shift HWM extracting coal, washing it and stockpiling it ready for June shipments. It's not a big deal although many are making it out to be. June is going to be a huge news month for BEN. I am not advising you to buy, hold or sell. I topped up yesterday and today as June is only a week away.
British rail???
i know its coming and it is irelivent when it comes but i want to see a picture