Member Info for bigkahuna

As Wilson says all US MET Coal producers, Arch, Warrior, Ramaco etc are all at all time highs. They are all listed in the US with proper investors, we are on AIM . When a bid comes in for an AIM company it is at 100%, 200% premium because the market is totally misvaluing our companies. That will change one day.

I like a placing for the right reasons. This one is, their business is growing like topsy with an amazing blue chip client list. Brokers are going for 40p eps for the year to start 1st Jan, I suspect that is a bit optimistic but they may make 30p, on 20x (which would be cheap for an AI business) that is £6. Very exciting little company IMHO

I topped up again yesterday, great opportunity imho

And until he's done it can't move up. Someone must know who it is and take him out. The value of the Company has moved ahead massively over the last few months but the shares are down on one investor constantly dumping stock, they must be a distressed seller but until they are finished the shares cannot move ahead. I'm just watching for a large matched bargain to go through. Fair value must be closer to 40p now imho

MET coal B up $2 last night to $240. The trend is your friend. After the big reduction in output of MET Coal in the US we should see $300+ in Q1.

High Vol B up $3 to $238. Nov futures are way above this level.

Its all about the accountants, so many companies reporting on the last possible day because the bean counters are all WFH. Anyway the figures are so old they don't mean anything imho, its all about what is happening now, production is growing, the coal price is on the rise and costs have come down.

It will be the accountants not quite ready, this has happened to loads of companies recently. All the bean counters at at home eating hob knobs and watching daytime TV

Also High Vol A up again and now at a $50 premium to B at $285. At last the share price is playing catch up.

There is a firm trend in place now, High Vol B at $233 on Platts. It is a puzzle why the stock isn't moving but there has always been a lag, BEN should be 30p+ now imho.

We have 30% of our deposit High Vol A. Usually, the difference between A and B is $20 so we could see High Vol B up again soon. Every $10 gives BEN a further $10,000,000 on the bottom line and using a PE of 5x an extra $50,000,000 on the value of the business. BEN is only valued at $69m.

Thanks Mr Bond. I'm surprised the shares didn't move up significantly last week but now we are set fair to be a multiple of today's price, it just seems to take a while for the market to wake up but wake up it will. The imbalance of supply and demand in the US should drive MET coal much higher over the coming months. BEN is now totally the wrong price. Good luck to all who held on.

I feel for the management at BENs, they have worked something of a miracle getting this mine running, washplant repaired and upgraded, the railway line repaired and permissions granted, the deep mine working efficiently, two HWMs running on double shifts, more permits granted etc etc, the a big collapse in coal price brought about by Russian dumping and suspect coal deliveries sent from Australia to India....... At last the stars have aligned for them and this is going to be a super profitable Company paying massive dividends. Well done guys and good luck going forward.

With all the progress made BEN is better value than ever. If the MET Coal price gets back to $250 or better still $300 we will be on fire! It feels like a trend is in place now. Fingers crossed.

BEN is getting better value day by day, I'm switching a few things into BEN now.

I've come off the fence today and added a bit this morning. It may be a little early to call a change in MET coal but looking back it was over $300 earlier this year and over $450 last year. At those levels BEN would be making $150,000,000 to $250,000,000 and the shares would be way over £1. A 10p dividend would also be small change for them. It may pay to be brave.

Yes, the MET Coal is so low now that Avani have the perfect opportunity of getting BEN on the cheap. We will see.

If I was Avani I would get an agreed bid now while the coal price is low. They have to pitch it at a level that the big shareholders would accept but right now something in the low 20p's looks attractive. Thinking about it, this was always their game plan. Sadly I think we will be taken out at a low price, better than 18p but less than 30p.

Tenantry me too !

BEN is a very low cost producer and can make money at current levels so they will not lay people off. Also they have Avani as their major shareholder who are investing heavily. Avani know more about the MET coal price and the dynamics of that market. The current MET Coal price does look too low and we could see a move back to $300+ which would make BEN extremely valuable. We are invested in a geared play on the MET Coal price. With steel likely to be in big demand going forward it looks a good bet imho

Several MET Coal producers have filed WRAN notices re layoffs of substantial numbers of staff. That should take about 2.5m tonnes a month out of supply which will lead to further prices rises over coming months.