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Agree the Mkt Cap is a litle crazy however imho theres still a large seller and shorters in this narket.
Well I've just added some more. This market cap is silly now. Let's hope met coal price keeps inching up and we will be in for a good year!
£33M Margin per annum against a MKT Cap of £39M @ $256 M Met Coal B
Thats a Margin of $42M per Annum
Ben are breakeven at $205 earning $50 a ton @ $256
At full production thats $3.5M per month
Thanks mick appreciated, I had to refresh the pg twice for it to show the $256. Will remember that (hopefully).
Nice price for met coal by the way. Good to see BEN getting better pricing.
Thank you.
Coalminingusa.com top of the home page. It is Adam's own website hence the links to other coal companies he has worked/works for. The latest addition to that website is the new Freeland Anthracite mine.
Thanks Mick. Just for my own future interest can I ask where you get your Met coal price from, I can only seem to find subscription sources?
HVB up $4 to $256
See my post at 13:42 - the price fell due to several large sales this morning and up to around 2.30pm that haven't been posted on here due to a problem on this website that wasn't resolved until nearly 3pm.
someone is determined to bring the share price down -around £500 worth of sales at 10 p -enough to knock nearly 7% off the value of the company- bs. *****s are back
It's a problem across the whole LSE platform, looks like their data feed isn't processing correctly. Trades are still visible on the stock exchange page for each company.
I cant see any of the trades that have printed today. Anyone else having the same problem?
On Wednesday, I think..
I noticed 9 trades one every few minutes selling 4 shares close to 11p all trying to bring the SP down…
Market has effectively reduced the value of the company by 5% due to a share sale of less than £20 ,once again absolute BS .Its equivalent to an estate gent taking 5% off the value of your house because your gate needs a coat of paint.
Feels like the company should be valued much higher with a functional and profitable operation that still has room to scale and with pressures on metcoal only looking to drive it higher after recent volatility. But what do I know, I've been here all year and that was clearly the wrong choice!
Youre a joke trying to put people off. We were expecting this news, things looking alot rosier now with production climbing met coal climbing. We are tied to met coal price.
Yesterday the closing price on LSE was 11/12.5 .Today the closing price is 10.5/11.5 They showing 12% down on the day- pure manipulated BS. Its like watching a pantomime Alibaba and the forty thieves.
@ Ilovesushi = Your comment comes across as just a touch out of date & makes you seem clueless tbh.
Try to keep up with what's going on at Bens before posting such claptrap.
Yep, he's set the scene nicely
Number of Customers up.
Number of HWM deployed up
Number of trains up
Commodity price up
Sales up
Output and Revenue up.
First Monthly profit announcement coming soon.
Since the date of the published figures… The figures are from April to September ffs were now nearly 3 whole months later with near full production and with rising coal prices.. the next 3 months figures will be the total opposite.
Ilovesushi - are you invested in Ben? These results shouldn’t come as a surprise to anyone.
If the commodity price sinks Ben will sink with it, but there is also a significant upside.
Everyone has to work out their own appetite for risk. I remain a long term holder. India presents a massive opportunity.