Member Info for bigkahuna

£4.50 looks very light to me. Work on 2m tonnes pa and a pe of 10x

Looks like MBU borrowed some money from Blue Star and gave them a charge on their assets in error which included the holding in BEN. Technically they could not pledge that because it was locked in until October so they have canceled it.
A non event.

This could be the last change to buy this sub 90p

AW is going for it, with the MET coal price so high he's going to be producing as much as he can as quickly as he can. This is a CASH ELEPHANT.

He was talking about 1m tonnes pa but with all the recent developments this must be at least 2m tonnes pa now. In his Sunday Roast he said analysts expected MET Coal to be $180 pt at the end of last year and BEN was very profitable at that level. Now at $450pt they should be making $280pt now and will be valued on their forward production. This gives us $560m annual profit, on a pe of 10x that values BEN at $5.6b or $16 a share. That is where this Company can go by the end of the year imo. So it could be, or should be a 16 bagger unless of course AW acquires more coal, more wash plants etc

BEN made a new high on Monday 84.5p. Since then MET Coal is up $75 over a week. We will make a new high next week for sure.

but there is nothing on offer, having to make a call to the mm's to buy 10,000 shares!

This must be the best value in the London market. I have to scape a few quid together and buy some more before it really takes off.

That was hard work, I had to pay 68p for 23,000 which was a penny over the offer on the screen?

I am buying more this morning having trimmed a few positions yesterday. Every stock that has had a big rise needs a pull-back to flush out the weak holders.

just bought at 66p which I think is very cheap.

There are not many of us that have picked up on this share but when more investors find it this will be a multibagger IMO.

Not me, I just topped up.

BEN has delivered big time for shareholders and is a huge beneficiary of the rise in MET Coal but so little of this massive gain is not yet in the share price. I'm working on what I expect the annual run rate of production will be at the end of this year, 2m tonnes. That is quite punchy I admit but everything AW has promised has actually come through bigger, faster and better.
https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-PA00128862100
Anyway doing a quick calculation of yesterday's move up in the MET Coal price +$15, x 2m tonnes, gives us an extra $30m straight to the bottom line, put that on a PE of 10x which is below the sector, adds another $300m to the value of BEN, divide by 353.6m shares = an additional $0.84.8 which in £' is another 64.2p on the share price. The shares have done well and I'm really pleased with my investment but there is a massive disconnect now and I am expecting a very big uplift in our shares soon. DYOR

trying to drum up some negatives on a company that has had a good rise, it's par for the course. Why would anyone go to so much trouble to warn us off if they had not gone short. AW has invited us all to go and see the operation on the Sunday Roast interview. Or see it on their website https://benscreek.com/production.html

This rise alone is worth £1.07 a share to BEN based on a target of 2m tonnes production by the end of this year. This share has performed ok but is actually getting cheaper and cheaper with the move in MET Coal prices.

"As mentioned earlier, the steelworks is a continuous process, so if the blast furnace stops operation, all the plants that use the molten iron from the blast furnace need to cease their operation as well, meaning that the whole steelworks would have to be shut down."

This is why steelmakers HAVE to keep their supply of MET Coal up.

The high was earlier this week at 83.5p but Putin has panicked people to sell indiscriminately giving me the chance to top up at just under 70p. That is 16% discount when the MET coal is actually increasing in value.

https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-PA00128862100

The price in The States was level at $365 but there was a price hike in Australia with someone, probably Chinese paying $475
This is from another BB

"Highest incremental bid reported at $475/mt FOB Australia for
April-loading"