Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Nice amount to have well done
That will be about 2 centuries of resources haha
I've just bought 35000 of the little rascals through HL this morning without any trouble...
Got me excited Bladey, I thought we'd hit oil too for a second then!
All we need now is for this high wall miner to strike an huge gold mineralisation ;-)
Blades I thought you knew something I didn’t
Well done all. Just sit on your hands now. This could be a 10 bagger straight off the bat from ipo in almost no time.
Wrong BB, my bad.
At times captain but I've had no problem buying the quantity I wanted in the last week.
What a monumental week for the company, imagine looking back in a year at the pic of our CEO standing next to a cash generating mining machine, the pic we will hopefully see on Wednesday or Thursday, 30p ... you will wish you'd purchased more!
GLA
Captain, if that is the case then the price will rise until it attracts sellers - simples
"....if the volume/buying picks up"
Are there even available shares out there for this to be possible? Haven't some struggled to get hold of any notable quantity of new shares?
Good Evening all - I hope everyone had an awesome weekend! Well what a big week ahead, Bens creek BECOMES A PRODUCER and I think a big well done is owed to Adam Wilson for getting this to this point so quickly. We are all going to do extremely well from this.
Remember we are only at a PE of 1 and will be a PRODUCER - At a PE of 4 we will be at 120p per share. Just let that sink in for a minute!
I now certainly think 39-40p is possible this week if the volume / buying picks up with anticipation of production starting Thursday with an almost DEAD CERT RNS to land Thursday morning 7am. It will be a top priority to get that first payment in now.
30p a share is extremely cheap at the moment and this really is bargain basement prices! I can’t see us below 40p for very long and this is why we are heading north at such a rapid rate because production is just around the corner and we will be making serious $$$ in no time at all.
The market is responding to the fact that BEN are delivering on everything they set out to do and in such a short period of time. Not forgetting another off take agreement could land any second too. I wouldnt be surprised if it was this month.
*** Remember ***
- 2 agreements in place already
- Another Agreement RNS due taking us to 1 million tonnes production.
- Production Start date RNS due IMMINENTLY in the next 10 or so trading sessions
- High wall miner RNS due *any second*
- If we get 2 or 3 more agreements share price will be blown out of the water. *** remember maximum output is 3.1 million tonnes per year *** so lots of scope for new off takes!
Working on a PE of 4 (most companies are much higher than this) and at current coal prices we will have a market cap of around 550 million with the 1st Three agreements with 2 already in place. Taking the share price well north of 100p
There is a further 10,000 Acres to exploit meaning HUGE Resources and shelf life of this company. With current coal prices and huge demand at present BEN will want as many agreements as possible in place ASAP.
The current share price is merely the start. There is currently a massive disconnect between current SP and where this is heading. We are talking POUNDS not pence
75% of shares are held in sticky hands with a tiny free float meaning any kind of buying volume will send this flying…..
As you can see again from the last 30 days huge rise, it moves very quickly as there is such a small free float. 75% of shares are in sticky hands and investors from IPO are locked in for 12 months so no massive sell off. We are also fully funded to production so no placings required.
TBH below a pound is still crazy based on assets and known resources alone never mind actually mining the stuff compared to some mining explorers valuations for different resources.
PE ratios will pay a part here as well, we are talking about numbers based on 4. A miner that was sold recently had a PE of 8 and others are in the hundreds. This