The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
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.
NOT all time lows. At current met coal price, production and sales BEN is profitable.
Production and sales increasing to 70k+ tpm. Production costs reduce and profitability improves.
Demand for met coal strengthening as demand for steel increases and some production reduces.
Avani will have known all finance figs etc when buying in at 18p and supporting with loans. They are also BEN gateway into India which is a strong market
New All Time Lows.
And expect it to go lower. Much lower. With coal prices at this level the company cannot continue to operate. Losses will get larger as prices continue to drop as there is over-supply. All reasons this could eventually head back to being mothballed.
You cannot continue a business where it costs more to operate than income received. This is very very very bad. Heading to 5.0 and below.
He/her thinks its a mess because they are trading or shorting -talking to suit their book---
Sounds very much like they need this $250/T minimum going forwards. $280-$300 would be better..
"The early part of the 2nd half of our financial year has seen a significant rise in the High Vol B met coal prices, from a low of $191/ton to a current price of $250/ton. This will bring our sales prices to levels seen in the comparable period in 2022. This has resulted in an improved order book and it has allowed us to commit to sales through to the end of the third quarter which, if trains booked run to schedule, could see the Group produce its first monthly profit. We are also delighted to announce that a number of those confirmed trains have been negotiated with Avani to be shipped to India. This will help the Company enter the Indian market, which is a key target for the future."
None of that is news, Adam has explained it multiple times over the last few months.
I've no idea why you think it's a mess, it's market economics. The market, if you belive the commentators, is on a bull run. Enjoybthe ride from here!
If there is a downward cycle this could to back to mothball from whence it came. No point in mining a product if it costs more to mine than the amount they can make from selling. Bad business. They will eventually have to make redundancies and pull back on supply. What a mess.
Am I correct in thinking we may be expecting a quarterly update in early Jan 24?
We had a half yearly update in early October for period April - Sept 23.
Merry Xmas to all and GLA
Hold Ben & also some GCM. Guess coal is coming a necessity in both regions for these two stocks.
GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high-quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the "Project") in north-west Bangladesh.
They have had one aim since IPO - to bring AW down. Its personal.
Unfortuntely things have played into their hands throughout 2023.
Im very hopeful that 2024 will be rebound for BEN and for those of us who believe in BEN's business and have stuck by the Co through a tough year.
IMV prospects for met coal for next 10 years are looking good.
Season's Greetings to all fellow BEN-believers, and let's look forward to a good 2024!
Only mean advfn Padd1, just they're quite noisy on there. Think its correct enough to call it the shorters thread?
Panman - can you elaborate or your last post. What site? Whose consensus?
Sorry been away and not been following.
Bar stewards