Member Info for DropD

as suggested elsewhere, AW most likely fully focusing on getting production ramped up as high as possible, as quickly as possible. He's now got all the means necessary at his disposal. And assuming that's the case next update could be spectacular!

Thanks to a contributor in 'the other place' for this bit of vid of the washplant running last week, churning out our 'black gold'! https://vimeo.com/696859565

jsmith - no, i wasn't especially early and have been buying all the way up. I find the business model, strategy and execution absolutely compelling.

jsmith - yes, sp could easily treble or more from current level by the end of Q3 this year. AND with production ramped up to the higher rates which the CEO is aiming for (and he has achieved everything he has aimed for so far) then the co is likely to have declared a 1st dividend, which could be 10p / share (nice 12% bonus on current sp), to be paid before Christmas.

Your previous post suggesting sp of 92p uses a p/e of 6, which is half the average for the coal sector. With production rapidly increasing over coming days and weeks (2nd high wall miner, double shifts, own wash plant with capacity), very high profitability, no debt, good jurisdiction, excellent management, high demand for product etc etc there is no doubt that BEN should achieve a p/e well above the sector average.

Don't be fooled by IPO price - it is universally accepted that that was set extraordinarily low, and provided a once-in-a-lifetime opportunity for early investors. It could easily have been 40p or 50p and that wouldn't have raised any eyebrows given the strategy, quality and potential that is being pursued by BEN.

I must say I'm very surprised indeed by the price action today and over recent days. I thought people would be loading up their new ISA allowances etc. However, its not a bad thing for sp to draw breath and it is allowing investors an unexpected opportunity to buy at a lower than expected price.

Much news expected imminently, so very good luck to all investors, old and new!

not quite the RNS I was hoping for today! still anticipating this is the month when BEN makes the significant step forward to volume producer including generation of serious cash and profit. AW's stated intention is to produce, deliver and get paid for at least the first monthly 22k tons of met coal to Integrity during April. At $200/ton profit (high-vol B met coal price still at $420/ton) that's $4.4m / £3.3m into the bank. Very much hoping AW will update us very soon re 2nd high wall miner becoming operational, double shift operating, production rates, final rail sign off and progress on another licence / acquisition deal.

IMVHO (!) BEN is the best company on AIM for numerous reasons so hoping there will be demand from PIs for shares from today for new ISA allowances. Sp has cooled a little so real opportunity to get in quick at a good price before next step up as production and profit quickly ramp up in coming weeks and months. And that moves us towards the real possibility of a dividend payment later in the year.

GLA.

another week with the met coal pile growing ... https://vimeo.com/694824933 ... is 2nd hwm up and running? ... are we on 2 shifts? ... have we got final rail sign-off? ... progress on another deal? ... we should be hearing about these very soon. GLA

Bear - are you really expecting a positive response to coming on the BEN board and asking for advice about selling so you can buy something you hope is going to do better than BEN? Crazy.

haggis - this is a public board so people who don't know anything about BEN may pass through having heard a whisper or more ... I think its a good thing that there is regular comms here for them to see. Perhaps you find it a bit repetitive because like me you come here often, look at other resources about BEN too, and know a lot about what's going on and the potential. But visitors probably aren't / don't, and I suggest it's probably helpful that they find up to date and positive discussion here about BEN's progress. On 1st March sp was 75p and early in the month it dipped to 65p - current sp is up over 38% from that low. I'd say having an open, well-informed, friendly, up-to-date discussion board here is likely to be a helpful contributor to that (though admittedly it is more likely 99.999% due to the fantastic progress and excellent comms from the company!!) Enjoy your weekend and lets look forward to another great week next week. GLA

Bear - don't really understand your post or your logic! But if you want the best price wait til around the summer and it could be £3 or more, and if you keep holding 'em you'll hopefully get a dividend this side of Christmas. No idea why you would be thinking of selling any at this point in BEN's development - we're absolutely at the company's turning point - entering high vol production and hugely increased processing and shipping capacity with met coal prices holding firm and high. There can't be a better company, CEO or share on AIM.

Beats me why anyone would sell a single share having seen those videos and with assorted big news expected imminently (eg 2nd hwm running, second shifts running, rail final sign off, new lease / acquisition deal(s) ... As someone has said in another place WWTBOOTOTW!! GLA

rafauo - see if these work (I haven't done this before so may be a fail!)
washplant - https://vimeo.com/694824955
met coal pile - https://vimeo.com/694824933

Meanwhile, the bits of video released this morning of wash plant running full pelt and met coal pouring off of the conveyor onto a MASSIVE pile are AWESOME!! It's HAPPENING guys and gals!! April is gonna be a GREAT month. GLA

haggis - I believe MMs can see buy and sell orders that people have set including stop-losses, and can move the sp significantly and briefly to snap them up and get a really cheap price or sell at a really good price, though in my experience usually associated with the former. Moral of the story - be v careful using stop-losses for AIM shares (I've been caught in the past and would never use them now).

news / update getting ever closer. 1st high wall miner extended to 2nd shift? 2nd high wall miner up and running? rail final sign-off? production rate? 1st rail shipment? new lease / royalty deal ... or perhaps acquisition ... possibly a BEN2!?

meanwhile met coal price holding firm at $430/ton - we should be making at least $200/ton profit.

Hoping for another good day fellow BEN investors!

Amin - feels like nice buying pressure built up now, and few sellers. What's L2 telling you?

the selling is creating a great and unexpected opportunity to add. have sold elsewhere to release funds and further increased here, and am convinced it will be very well worth it within days / weeks. GLA

For those who haven't got access to BEN in facebook, here's pic released yesterday of the emerging met coal pile fresh out of the wash plant ... https://postimg.cc/18L4Sp92 ... ready for dispatch to Integrity ..

O&W - if we're talking about the same thing then probably not brought here by the poster (rather than being alluded to 2nd hand by you) because the spurious issues were dealt with over there

Haggis - agree, great to see the pics of the wash plant and the met coal mountain emerging!! don't forget the 2 main inspections on the rail line are complete and passed. all that remains is sign-off which AW indicated is more of a final admin step. so we should be getting that confirmed imminently. I think AW said he has at least 2 train delivery slots pre-booked for April in order to deliver the first monthly 22k tons to Integrity (1 train = 100+ cars, 100 tons / car). At $200/ton profit that'll be a cool £3.3m in the bank - not bad for starters .... but actually just the hors d'oeuvres. (Personally I think they'll be looking to produce a lot more than this in April, ramping up quickly in subsequent months.)

Pond, haggis - my willpower has failed me this pm. I thought i had plenty ... now i have more!