Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I had a gander at the coal hub to see if I could warrant a buy on the back of a recovery in the metcoal price but noted even aussie coal is off- now $245/T from c. $350/T not so long ago.
Even China's slowing down on purchases.
Sad days for producers much preferred our $400 days.
To buy a few more today…. I still think that the higher volume - should the production numbers be reached will result to efficiencies and lower unit costs…. I guess time will tell… Gla
Maybe a binary investment…
😁
Yes a long time has passed since the roasters and AW were hi fiving whilst riding down the mine talking about 10p dividends. Once a scammer always a scammer
AW is to set up a new coal company shortly. It will be named Atlantic Creek. The Sunday Roast crew will be on the case.
I salute the brave soul who today sold 800K shares and bought them back much cheaper. If you are going to hang on to the death then that's the way to go.
Most of it goes into the scammers back pocket, glad I'm out of this one the bit of profit I made went into ADVT well up mow.
Following the Drawdown, the full $10.0 million has now been drawn down by Bens Creek under the working capital facility. Which means it has no way to manoeuvre, if it needs more cash. Seems to be burning cash. And it is probably selling coal at a loss. Cant last.
Prices could double. Makes no difference to BEN as it is locked into long term contracts which are more than likely not profitable. This is going to end in administration sadly. So many losing.
If my auntie had bol£$cks she'd be my uncle
Is this the same mine that was Atlantic Coal . I see it’s the same scammer involved.
If it went to $500 a ton the SP would be back at a quid.
Mick007, yeah but the company is going to remain cashflow negative. Even if coal went to $500, BEN keeps burning through cash.
Everything above $120 goes to BEN - BUT ONLY TO PAY OFF DEBT ! its still goes towards BC bottom line!
It won't. BEN gets $120 per tonne, everything after that goes to Avani to repay the loan principal.
That $120 has to cover all direct costs, the royalty, overheads etc. It's way below breakeven. The lights will be turned off soon.
Inflation will though if you are unlucky enough to win anything.
BBB it will make a difference if it keeps rising though :)
Makes zero difference to BEN as everything above $120 goes to pay off the Avani loan.
$10…
Yes, you would definitely have done better with Premium Bonds - you can't lose any capital there!
I 've been burnt badly by this share although at least I got out when it was still 30p. For those of you with long memories have sympathy with Penstocks Mother in law who bought in at over 90p - assume he's still married.
I like peanuts. More use than Ben shares.
Of my inspired investments which there is little point in selling for peanuts. So far I have ditched Ferroalloy, Zenith, Phoenix Copper, Bradda Head, and Angus. Cannot sell Evraz and still holding DKL and watching it go thru the floor. Would probably have done better buying Premium Bonds ! Am just glad that it looks as though Palace might avoid relegation !
Contact the Contractors, you will discover they are not on site, nor is the highwall miner!
New low. wow 1.7 shocking