Bens Creek Share Price (BEN)

Cash now exhausted. Avani to obtain assets to cover loan from the administrators. The mine could continue a bit longer (under chapter 11) but the Corporate office will need to call in administrators in order to protect the creditors. Sorry guys.

I know many do gloat and seen it before it is ugly. I know how bad it is too lose money and my heart goes out to you guys and hope you do well elsewhere. I have lost on many shares and am thinking of calling it a day. AIM is a minefield. It offers false hope and most lose out. Some gain from time to time, but like horse gambling few admit to losing but tell you of their gains. This is the hard reality.

I just see this as a given. I was a holder and sold some time back I think I sold around about the 20 pence level. Wish you all the best in your Future holdings.

A speculative buy if you can afford to lose could be CPX. I have made about £40,000 trading it. Got someone building a stake. Had lots and lots of issues and is at rock bottom. Easy 20% to be made if your interested. from 0.080 to 0.010

All the best to you and others who are down here.

Why would Avani keep it afloat. It could lend the company money but why continue a listing. I think Avani will offer to lend the company money or another Debtor in Possion by way of the court may lend the company money. BEN could survive however this does not mean the shareholder will remain shareholders. The company shares will no doubt be delisted as a condition of the loan. So share suspension next week or week after as the company has no money to continue to be listed or even trade. Absolutely dire. Investors led up the garden path. Trade on Aim at your peril.

Hi,

Don't think this is Gloating.... read it word for word, we're all in the same boat with (currently) a loss.

We all play the game... win or lose

Good luck all

Mulekick

I am not gloating. Just stating facts that I am interpreting. I see no way out for the company now. Looks like Avani can get a full take-over for free and can claim this from the administrator that I believe the company will call in themselves. The company can still be in Chapter 11. The company will go on but the assets stripped from the holders here. Next week is my guess. The company will release an RNS saying there is little value left for shareholders not that they do not see that already. I think in order to protect its creditors the company itself my call in the administrators in the UK. It has no funds to continue to pay for a listing. In weeks or less perhaps by end of the month, the board will call it a day and announce the shares are suspended. No gloating her whatsoever. Just facts as I see them. For your sakes I hope I am wrong and stand corrected. I hope you will not loose to much on this. We all lose at time to time in this game. Good luck. Hope your other shares do well.