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As mentioned I did say high wall miner due on site now. WE ARE SO CLOSE TO PRODUCTION!! Please see my tweet for photos. For those doubting me, here is the evidence for you.
https://twitter.com/granthorsfall/status/1463198352800157698?s=21
Not long now until production
- 2 agreements in place already for 480,000 tonnes a year
- Another Agreement RNS due taking us to 1 million tonnes production.
- High wall miner RNS due IMMINENT
- Production Start date RNS due in the next 15 or so trading sessions!
- If we get 2 or 3 more agreements share price will be blown out of the water.
***Remember Our maximum output is 3.1 Million tonnes*** So expect more agreements after these 2! 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 from the last 30 days huge 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.
Everything to look forward too here with tonnes of positive news flow due to land before Xmas. I believe high Waller miner rns will land in the next 4-5 trading sessions ;)
Another cretin filtered. For the public’s interest the ipo and placees cannot sell for 12 months so not sure what he is talking about. Normally when these type of people turn up the share price goes up :)
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 last weeks huge 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 hope everyone had a great weekend! What are we expecting from the week ahead? I would guess more of the same with a few more decent rises moving us closer too or over 40p this week. From good sources I have heard the high wall miner is close to being in place, so it’s looking like we are bang on track for getting production underway any minute now. BEN will be desperate to get this production online as a matter of urgency now.
32p a share is extremely cheap at the moment and this really is bargain basement prices! I can’t see us below 40p for very long and this is why we are heading north at such a rapid rate because production is just around the corner and we will be making serious $$$ in just a few weeks.
We are now another 3 days 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 9 trading days left in November. Not forgetting another off take agreement could land any second too. I wouldnt be surprised if it was this week.
The current share price Is still so far undervalued it is rediculous - We could see a further stratospheric share price rise of 400% 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 15 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
***Remember 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
Hello, it is $95 dollars all in cost so we will be making around $200 a tonne with $2 dollar royalties going to the bank, and we will be at 480,000 tonnes per year. This is all outlined in the public domain and pod casts.
Kays figures are pretty much correct. Please remember though this is for VOL B - we also have VOL A which is over $400 per tonne so huge profit margins.
Once another high wall miner is announced taking us to a million tonnes, we will certainly be around or past £1 per share.
Massive near term potential here.