The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
All these warrants are locked in anyway and peanuts. Once exercised you may see the sp drop by a penny or 2 and then off we go again.
They really will not have any kind of effect on the direction of the SP
With production starting any time we could see ourselves well over 50p short term. I am also expecting further off take agreements and another high wall miner
What an end of an absolutely fantastic week…. But we are still no where near where we should be! Until we are over 100p I will not be happy - BEN is holding all its gains and quite rightly so with all the news due imminently which will take this well over 1 pound. 30p a share is extremely cheap and this is why we are heading north at such a rapid rate, and it isnt going to stop next week either.
We are now another day closer to production and the RNS will land any day now and that is a FACT.
The market is responding to the fact that BEN are delivering on everything they set out to do and in such a short period of time. We now also know that the machinery is turning up AS WE SPEAK to deliver on the production time frames and is more than likely being assembled today onwards. A production rns could land ANY TIME from Next week & THERE ARE ONLY 10 trading days left in November. Not forgetting another off take agreement could land any second.
The current share price Is still so far undervalued it is rediculous - We could see a further stratospheric share price rise of 500% near to mid term. Please remember we are selling Met coal required to make steel not dirty coal! Met coal is at an all time high in price and still rising with an increasing demand across the globe. Current price is $307 dollars per tonne and our all in production cost is LESS than $100. Don’t forget this is VOL B prices but we will also be producing VOL A prices which is just shy of $400 dollars! Which is even more profit.
*** Remember ***
- 2 agreements in place already
- Another Agreement RNS due taking us to 1 million tonnes production.
- Production Start date RNS due IMMINENTLY in the next 18 or so trading sessions!
- If we get 2 or 3 more agreements share price will be blown out of the water.
Working on a PE of 4 (most companies are much higher than this) and at current coal prices we will have a market cap of around 550 million with the 1st Three agreements with 2 already in place. Taking the share price well north of 100p
Our maximum output is 3.1 Million tonnes! So expect more agreements after these 3! There is a further 10,000 Acres to exploit meaning HUGE Resources and shelf life of this company. With current coal prices and huge demand at present BEN will want as many agreements as possible in place ASAP.
The current share price is merely the start. There is currently a massive disconnect between current SP and where this is heading. We are talking POUNDS not pence
75% of shares are held in sticky hands with a tiny free float meaning any kind of buying volume will send this flying…..
As you can see again from yesterdays rise it moves very quickly as there is such a small free float. 75% of shares are in sticky hands and investors from IPO are locked in for 12 months so no massive sell off. We are also fully funded to production so no placings required.
TBH below a pound is still crazy based on assets a
What a great day of consolidation AND of course Another few percent up. BEN is holding all its gains and quite rightly so with all the news due imminently which will take this well over 1 pound. 25p a share is extremely cheap.
We are now another day closer to production and the RNS will land any day now and that is a FACT
The market is responding to the fact that BEN are delivering on everything they set out to do and in such a short period of time. We now also know that the machinery is turning up AS WE SPEAK to deliver on the production time frames. A production rns could land ANY TIME from Next week. Although likely to be last few session of November to early December.
The current share price Is still so far undervalued it is rediculous - We could see stratospheric share price rise of 600% near to mid term. Please remember we are selling Met coal required to make steel not dirty coal! Met coal is at an all time high in price and still rising with an increasing demand across the globe. Current price is $307 dollars per tonne and our all in production cost is LESS than $100. Don’t forget this is VOL B prices but we will also be producing VOL A prices which is just shy of $400 dollars! Which is even more profit.
*** Remember ***
- 2 agreements in place already
- Another Agreement RNS due taking us to 1 million tonnes production.
- Production Start date RNS due IMMINENTLY in the next 18 or so trading sessions!
- If we get 2 or 3 more agreements share price will be blown out of the water.
Working on a PE of 4 (most companies are much higher than this) and at current coal prices we will have a market cap of around 550 million with the 1st Three agreements with 2 already in place. Taking the share price well north of 100p
Our maximum output is 3.1 Million tonnes! So expect more agreements after these 3! There is a further 10,000 Acres to exploit meaning HUGE Resources and shelf life of this company. With current coal prices and huge demand at present BEN will want as many agreements as possible in place ASAP.
The current share price is merely the start. There is currently a massive disconnect between current SP and where this is heading. We are talking POUNDS not pence
75% of shares are held in sticky hands with a tiny free float meaning any kind of buying volume will send this flying…..
As you can see again from yesterdays rise it moves very quickly as there is such a small free float. 75% of shares are in sticky hands and investors from IPO are locked in for 12 months so no massive sell off. We are also fully funded to production so no placings required.
TBH below a pound is still crazy based on assets and known resources alone never mind actually mining the stuff compared to some mining explorers valuations for different resources.
PE ratios will pay a part here as well, we are talking about numbers based on 4. A miner that was sold recently had a PE of 8 and others are in the
What a fantastic day again yesterday! Another 9% up. The market responding to the fact that BEN are delivering on everything they set out to do and in such a short period of time. We now also know that the machinery is turning up AS WE SPEAK to deliver on the production time frames. A production rns could land ANY TIME from Next week. Although likely to be last few session of November to early December.
The current share price Is still so far undervalued it is rediculous - We could see stratospheric share price rise of 600% near to mid term. Please remember we are selling Met coal required to make steel not dirty coal! Met coal is at an all time high in price and still rising with an increasing demand across the globe. Current price is $307 dollars per tonne and our all in production cost is LESS than $100. Don’t forget this is VOL B prices but we will also be producing VOL A prices which is just shy of $400 dollars! Which is even more profit.
*** Remember ***
- 2 agreements in place already
- Another Agreement RNS due taking us to 1 million tonnes production.
- Production Start date RNS due IMMINENTLY in the next 18 or so trading sessions!
- If we get 2 or 3 more agreements share price will be blown out of the water.
Working on a PE of 4 (most companies are much higher than this) and at current coal prices we will have a market cap of around 550 million with the 1st Three agreements with 2 already in place. Taking the share price well north of 100p
Our maximum output is 3.1 Million tonnes! So expect more agreements after these 3! There is a further 10,000 Acres to exploit meaning HUGE Resources and shelf life of this company. With current coal prices and huge demand at present BEN will want as many agreements as possible in place ASAP.
The current share price is merely the start. There is currently a massive disconnect between current SP and where this is heading. We are talking POUNDS not pence
75% of shares are held in sticky hands with a tiny free float meaning any kind of buying volume will send this flying…..
As you can see again from yesterdays rise it moves very quickly as there is such a small free float. 75% of shares are in sticky hands and investors from IPO are locked in for 12 months so no massive sell off. We are also fully funded to production so no placings required.
TBH below a pound is still crazy based on assets and known resources alone never mind actually mining the stuff compared to some mining explorers valuations for different resources.
PE ratios will pay a part here as well, we are talking about numbers based on 4. A miner that was sold recently had a PE of 8 and others are in the hundreds. This march should keep on moving upwards.
Have a great and don’t be scared to buy in at these levels. It will look cheap by next week!
We are on the top risers list today….
Bens Creek is MASSIVELY UNDERVALUED a Share price of 1 Pound would STILL BE UNDERVALUED - We could see stratospheric share price rise of 600% near to mid term. Please remember we are selling Met coal required to make steel not dirty coal! Met coal is at an all time high in price and still rising with an increasing demand across the globe. Current price is $307 dollars per tonne and our all in production cost is LESS than $100
- 2 agreements in place already
- Another Agreement RNS due taking us to 1 million tonnes production.
- Production Start date RNS due IMMINENTLY in the next 20 or so trading sessions!
- If we get 2 or 3 more agreements share price will be blown out of the water.
Working on a PE of 4 (most companies are much higher than this) and at current coal prices we will have a market cap of around 550 million with the 1st Three agreements with 2 already in place. Taking the share price well north of 100p
Our maximum output is 3.1 Million tonnes! So expect more agreements after these 3! There is a further 10,000 Acres to exploit meaning HUGE Resources and shelf life of this company.
The current share price is merely the start. There is currently a massive disconnect between current SP and where this is heading. We are talking POUNDS not pence
75% of shares are held in sticky hands with a tiny free float meaning any kind of buying volume will send this flying…..
As you can see from todays rise it moves very quickly as there is such a small free float. 75% of shares are in sticky hands and investors from IPO are locked in for 12 months so no massive sell off. We are also fully funded to production so no placings required.
TBH below a pound is still crazy based on assets and known resources alone never mind actually mining the stuff compared to some mining explorers valuations for different resources.
PE ratios will pay a part here as well, we are talking about numbers based on 4. A miner that was sold recently had a PE of 8 and others are in the hundreds. This march should keep on moving upwards.
I think you’re undervaluing it. But at 300 million market cap I will take that to start :)
High wall miner is turning up in the next 13 sessions….. first lot of coal on the train as early as first week in December…. I can assure everyone BEN will want this producing ASAP. Unbelievable news due imminently….
Firstly and the most important thing is ‘no placing required’
Yes, as above no placing should be required here. Only scenario I can see requiring one is if there is a significant problem in the recommissioning that they haven't accounted for, but it sounds like everything is on track. As mentioned by shatter and other sources. Revenues will come in literally as soon as the first train load of coal leaves the station as they have payment on shipment terms agreed.
Hence why this can expand quickly and prove up resources from the initial JORC
£7m raised - 5.9m after uplift and expenses
The PE ratios we use here are interesting. 4 is extremely conservative but there's not really any direct comparison available. Other companies in similar but not on AIM have PE ratios in the hundreds! Average for mining sector is 25 for a producer. So I think 4 will be surpassed easily once this starts consistent production, I personally think 10 is more realistic.
This is a huge cash cow once it's starts going. So once the initial profits have been invested in expanding and proving up the resources and potentially acquiring further mines as Adam talked about, there is a good possibility that dividends are likely here which should make this more attractive to the wider market and drive up the valuation.
I think the market is waiting for the production RNS and first shipment to assess true value, but it seems to have missed it.
Original offtake agreement for sale to Integrity is 264,000 tonnes p/a
Contract mining agreement for Mega high wall mining is 480,000 tonnes p/a
So technically they don't have a sales agreement in place for the excess 220 tonnes p/a they are mining above the offtake agreement. However this isn't a problem as Integrity have said they will buy anything that BEN can mine given the high prices and global shortage of coking coal.
So total output is 480,000 tonnes per annum. Sales agreement will be adjusted to suit if they can produce this but this is 6 months mining so not really a concern.
BEN are then looking to source a second mining contract for an potential additional 480,000 tonnes p/a taking it potentially near enough 1M tonnes p/a.
Pounds not pence...
Production will be starting as early as late November - THERE IS ONLY trading days left in November so we are getting extremely close to Game time and the RNS will land any minute - as soon as production starts and the train carriages are loaded we get our first payments in! £££ for Bens Creek!
Remember every thing is in place, train lines, wash plants etc etc. The Share price is PRICED TO FLY. This is a RES HOT BUY at these levels and you will look back in a couple of months and we will be multiples of 20p
Can we surpass 30p this week? Off take agreement is imminent
Working on these Conservative Figures
Price of met Coal Hi-Vol-B average $250
Cost of production/AISC $100
EBITDA X 4 Used for PE ratio.
The offtake agreement signed with Integrity Coal comprises of 264,000 tons per annum deal. The new agreement takes us to 480,000 tons per annum output
Working on the conservative basis of Met coal price of $250 (we are currently much higher than this) and on the basis of half a million tonnes production (we should be at a million tonnes on next agreement which I have had assurances this agreement will be completed before Xmas)
Production of 480,000 x $150 = $72 million will give us a minimum share price of 54p (again on over cautious figures)
Now if the next mining agreement lands, which it will, and takes us to a million tonnes output the share price on a PE of 4 will take us WELL NORTH OF A POUND
We are currently only 20p so this is a stratospheric rise of AT LEAST 400% from 20p ONCE next agreement is signed.
These are on conservative figures as Met coal is at an all time high so 150p a share is achievable in the next 12 months! Tell me? Whats not to like!