The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Hardly rpg, there are no buyers atm.
Adam will need to prove himself this time round, no more bull and missed deadlines.
Still need to get past the usual ten percenter boneheads
Penstock, thank you for poting your BC model.
A 16% bid offer is not helping the trading ! Does that say anything ?
A $289 B $248
Cheers Penstock.
ATB and GLA
Nice to hear from you on here PENSTOCK, I'm not on your telegram site, do hope you will post on here again
Thought you'd stopped posting on here 😂
Jog on Rob1967, just because you were booted from my Tgm group that collected the questions for StockBox. You missed all the operational and financial updates I had researched and posted in the Tgm group prior to interview. I had posted all the 'cig packet' numbers last month for all to see and Adam corroborated them all in interview. Only discrepency in my 'scribbles' is that I put transport as $40/t but Adam said $45 in interview.
Anyway, here are those scribbles where you can change number of trains or price of coal in the yellow boxes to see how they affect sp value:
http://www.crews-inn.co.uk/Penscreek2024.xlsx
Not a £1, but then coal isn't $450/T.
As long as you managed to average down then no point squabbling. Just need NS to send the trains and coal prices to stay up. Well done Bens Creek on being at point of full production for the last few months, hampered only by the port issue delay on trains that I announced on Tgm a few months ago. GLA.
Great! A new recent high, now BEN is netting $43 per tonne.
HVA $289 HVB $248
Margin getting larger, good to see.
HVA seems to have snuck up again, sure it was $281 last time I looked on their site. Now £285.
The key point for me, back when it began we had a skeleton of a company with zero revenues. Now we have "90% complete" revenue making business. Capability, customer demand and increasing price of coal.
When it began the market thought this worth taking to £1.10 from 10p. Today, we have come so far, its how high can it go?
The key point from yesterday....below $200 ...mine gets mothballed
apart from that all good
Company is doing well. They are producing and selling which is the key. It's still a fairly new company and they had to borrow some money to start the business but we will eventually get there. Patience is the key. Today's SP is not a reflection on Ben. Only thing they didn't/couldn't deliver is dividends but I am sure if the SP was over 50p they would have deliver that too imo. I am happy to sit and wait.
BEN is back at the placing price from 2 years ago but now they have a railroad, a wash plant, two high wall miners, the underground mining, and can produce 70k to 80k clean tons per month and make $40 a ton. They are so cheap compared to the US listed miners they must be vulnerable to a bid. Indian MET coal demand is growing strongly as Wilson said 'we have never been in a better place than right now'
I liked the interview, right from the first question I got the impression he was wanting to be honest and as open as he could.
Metcoal bull myself so if it doesn't open at £1 will be a buyer in the morning.
Yeah I agree HH..
But as he says we’re 90% there now and by February hopefully 100%..
So what happened when it IPO'd at 10p and went to over £1 then? It was AIM then as well.
The buzz of the ipo then the Metcoal price to $450 then that fella buying in then he crashed the sp and it hasn’t recovered imo
As Wilson says all US MET Coal producers, Arch, Warrior, Ramaco etc are all at all time highs. They are all listed in the US with proper investors, we are on AIM . When a bid comes in for an AIM company it is at 100%, 200% premium because the market is totally misvaluing our companies. That will change one day.
and finally we get a true production cost and not penstocks *** paper scribbles
Working out of the states is yes a safe haven, downside is running costs.
These will reduce come January when we are at full production.
He needs to get this right this time, we’ve all had enough of false promise and dawns.
$40 and above margin is not to be sniffed at…