Member Info for ART123

Compare the pictures - why? Better to compare the timelines. Future Metals drill started on 11th October and by 3rd November they had 'Drilling Confirms Sulphide System at Panton' and by 17th November 'Sulphide Intercepts Define New Target Zone at Panton'.

POW drill started on 21st September and since then we have heard virtually nothing. They certainly haven't intersected any massive sulphide as predicted pre-drill as yet!!!!!!!

To give FRG credit where credit is due at least their drill map/plan makes enormous sense. I must have look at lots of such drill plans over the years and never really made much sense of them but the ones here are very concise.

They show exactly where they have hit the high grade lithium, which is towards the edge of one of the larger SPD prospects. It does seem strange though that Hole 3 produced much lower grades and that Holes 5 and 6 hit no significant mineralisation as they are into the same prospect.

All told 12 of the 19 holes are into this one prospect with the remaining 7 holes drilled into a further 5 nearby prospects. Will they have high grade intercepts or show 'no significant mineralisation'??? Only the assay results will reveal the answer!!!

To give

Holes 10 and 18 (referred to) are alongside Hole 4 so should show similar results and Hole 19 (also referred to ) is close by.

Not sure about Hole 1 which is closer to Hole 3 with it's poor results and also 11 is near this too.

Holes 2, 12 and 13 are all close to Holes 5 and 6 which have returned 'no significant mineralisation' while the rest of the holes, 8, 9, 14, 15, 16, 17 are all further away from Hole 4.

Oh and Hole 7 is the other end from the successful Hole 4.

The remaining assays will be interesting.

It's just as well they hit decent grades of lithium in 1 of the 4 holes otherwise this might have been bombing like MILA today.

The assay results are okay at best. It's just as well they hit decent grades of lithium in 1 of the 4 holes otherwise this might have been bombing like MILA today.

Considering that the post end of drill update announced that "Pegmatite was intersected in all 19 drill holes" and that they had "Visual identification of lithium mineralisation in 18 of the 19 drill holes" the assays are really quite disappointing.

2 of the 4 holes reported (TVDD0005 and TVDD0006) have no significant mineralisation at all and TVDD0003 with assays of 15m at 0.59% Li2O from 37m, including § 4m at 1.95% Li2O from 45m has all but missed. That is not a commercial result.

Only TDVD0004 - 64m at 1.24% Li2O from 76m - has anything to get excited about.

On the plus side they have a JV now and the funds to drill so things can only get better.

Beware, a new yearly low of 20p yesterday. What's next? 10p?

The production updates are muddled and constantly seem to show changes of plan while the 'this time next year' dividends are still a long way off. The share price hasn't shown any signs of going up now for almost 6 months.

On the positive, at least the 60% holders are happy to stay holding and the price of Met coal is still strong. I do believe that without the huge increase in the price of Met coal since BEN listed they would probably have gone under by now.

And me, I holding at an average of just over 44p and as pointed out I am very frustrated. I have no option but to sit it out and hope that the price of coal stays strong.

It would certainly be better without the persistent 'This time next year, Rodney' attitude, which is just about the only positive post we ever get here.

It's just as well these large holders aren't selling or intending to sell as otherwise the share price would be 10p, or even 1p!!!!!

Rak0328 -

Thank you for using the term frustration. I could not have found a better word to sum up the reason for and the gist of my posts.

ATB

Quite. How could it take from the 27th October until the 9th November for them to be notified about it.

It was a 'gift' to some here when the share price hit 40p, and then again when it hit 30p and now when it hit 20p...........some posters here want to use their heads a bit more!!!!!!!

The share price hit 20p yesterday, down from a high of over £1 and it won't take much more bad news, missed targets, silly RNS's from the management, etc for it to be back to the IPO price of 10p, and that is despite 60% of the shares being held by 2 investors who haven't and aren't planning to sell any of their shares.

It is about time that the management got on with the job of producing coal and gave us some figures to see the share price turn back upwards.

The charge was made on the 27th October according to yesterday's RNS. BEN management became aware of it nearly 3 weeks after it was made so what was another day spent checking the details and communicating with the 2 parties concerned before rushing out a very stupid RNS.

After the placing on 18th August MBU had an interest in 56.78% of the enlarged share issue.

"MBU, the Company's largest shareholder, has subscribed for 1,666,666 Subscription Shares in the Subscription, which will represent 0.45 per cent. of the enlarged issued share capital of the Company. Upon completion of the Fundraise, MBU are expected to be interested in 212,601,701 Ordinary Shares in the Company representing 56.78 per cent. of the enlarged issued share capital. This holding, combined with Mohammed Iqbal's personal holding, will represent 57.67 per cent. of the enlarged issued share capital of the Company."

link: https://www.investegate.co.uk/bens-creek-group-plc--ben-/rns/placing-and-subscription-to-raise--6.0-million/202208180700053976W/

Of the 37915 boe net to Mosman, 21836 were from Falcon. Now it looks as if they have given up on a successful workover as they appear to have written off the Falcon well altogether:

"The Falcon well ceased production due to water influx. The latest technical review led us to believe Mosman's time and money is currently better spent at Cinnabar. As a result, the Company has decided to write down the Falcon well to reflect its current lack of production. This impairment contributed $1,606,816 to the overall loss for the year which was $2,446,274."

With Falcon stopped producing that is more than half of net production gone.

The original IPO price was actually 2.84p as it says in the link below:

https://www.investegate.co.uk/helium-one-group-ltd--he1-/rns/admission-to-trading-on-aim/202012040700025218H/

Of course the problem is that if they cannot see what they are looking for in the core then the chances are that there isn't anything there anyway - or certainly nothing of commercial value.

Never mind, looking on the bright side of life, the gold assay results from Tati were pretty good this morning.

Maybe it is time the share holders were informed - good news or bad.

At the Tati Gold the 9 holes were drilled and the core analysed and prepared and sent off for assaying in 12 days. Have they hit the superconductor and the massive sulphides as per the drill plan - or has it missed as it did on T1-6A.