Member Info for bigkahuna

It was a shock when we fell from 100p to 31p but MET Coal fell from $460 to $240, nobody expected that. But MET Coal is picking up again now and has established a proper uptrend. BEN should be 45p ish imo but if MET Coal price improves over the next few months we will see £1 again by the end of the year. I'm buying again now it is too cheap.

This little company is in the right space, electric vehicle drives and EV batteries. They have a very impressive new CEO,
https://newsnreleases.com/2022/05/16/peter-tierney-appointed-ceo-of-dg-innovate-plc/.
They already have a bit of traction with Meritor and have received some grant funding. With brokers forecasting £27m profits in 2025 its worth a punt imo.

I think AW is playing down the third HWM, at some point this will be going into production but Wilson wants to keep a lid on expecatations IMO

to increase production to about 1.5m tonnes of washed coal when he is ready. So far he has only mentioned 1m t pa but clearly he is getting more ambitious. Truly a great growth story here.

A very good update and explanation of our asset. As AW says "this is a world-class asset" and "the life of mine is easily 17 years and the size of the asset is only going to grow with further MM updates" "he expects to mine for 40 to 50 years at 1m tons of clean coal per year". I getting more confident that one of the majors will buy us for something over £2 soon.

Key points

-- Results of the reserve base evaluation identifies that the Bens Creek properties contain an estimated in-place reserve base of approximately 92.7 million tons (all tons reported on a dry basis prior to the application of mine recovery and wash recovery).

That's nearly $40 billion of coal and many times what I was expecting. The life of mine is extended to about five decades. That is going to attract 'the big boys for sure'

Not by RNS but 10p dividend has been mentioned by CEO on several podcasts. And you can be pretty sure it will be 20p or 30p next year

but based on 6 months its actually 25% if paid at the end of this year.

https://www.proactiveinvestors.co.uk/companies/news/984498/bens-creek-ceo-says-a-second-train-on-its-rail-spur-is-final-piece-in-its-jigsaw-984498.html

Ben's Creek is now profitable on a monthly run rate and will build and build cash flow and profits from here. That is an amazing achievement in six months as a listed Company. I'm just raising a bit of cash to buy more, this must be THE best investment on AIM.

DD I think your numbers are a bit conservative but even on your figures we are looking at £5.50 a share. Interesting you mention the 'big boys', this Company will be on the radar of all the international miners interested in MET Coal.

That will mean selling a few other positions but I don't have any other stock that can deliver the certainty of huge cash flow, profits and dividends that BEN can. Even based on the first dividend of 10p it yields over 11% but that is bound to double, triple and quadruple over the next couple of years.

That just keeps making cash, tons of cash.

So far we have only seen the tip of the iceberg. Not just the trains delivering huge amounts of coal, upgrades in the resource from Marshall Miller, further off-take agreements, the commencement of underground mining of HighVol A, another HWM etc etc

But what about another deal to bring in more coalfields on a royalty basis, the potential is unlimited. Nobody is considering a bid, Anglo American has recently moved back into the MET Coal space buying Oz deposits. What price for BEN?

I don't think this CEO has really started yet, he has very big ambitions but is underplaying these in his interviews so far.

I know because one of them is mone, now 78.5p offered. Cheap!

It has been on a phenomenal run but the share price is way behind the increase in the price of MetCoal, the rise in the value of the dollar, and the developments at the Company. Fair value is at least double the current price IMO.

We have the luckiest CEO in the World, the trains are pushed back a few weeks and the MetCoal price hits new all-time highs!

Not sure how many times but there could be a bid for this "gold mine" at some point after the consultants confirm how much coal they have. Today the CEO said enough to support a mine life of decades. This asset is so valuable someone somewhere will snap it up at a multiple of this valuation for sure.

In the most recent interview, AW said he would be shipping 70,000 to 80,000 tonnes per month by the end of July early August so the trains will be running about twice a week.