Member Info for Erik9Haggy

Pen, Tenantry is correct. The $2 per tonne comes off the loan amount.

I’ve said it before, might be tin foil hat time but it’s no coincidence that huge institutions and hedge funds are up to their eyeballs invested in Altnets and are somehow interfering or manipulating the narrative on BT to the detriment of the SP.

No need to apologise cheesie, I had to double check because I thought I’d read about the payments and quarterly updates and I’d read it wrong lol..

“ Bens Creek Operations will repay to the Lender $2 per tonne of clean coal sold within 7 business days of production (the "Coal Payments"). The principal outstanding under the Loan Notes, less Coal Payments or other prepayments, will be repayable on the Repayment Date.”

Less coal payments ***

Further down it says Production rates will be in the 6 month figures end of September and then published quarterly thereafter.

There’s no ambiguity. You just didn’t read the RNS correctly cheesie…

I had a question which was, Why do UK institutions avoid BT like the plague ?

Scally, probably the same reasons the BTPS avoids other UK corporations like the plague and was a recent discussion on here.

Cheers mate, all your hard work has been appreciated now let’s hope rewarded…

UP $5.00

“In reality, I don't think anyone could dump such a large stake for a price anywhere near the prevailing SP. Still, the fear is there.”

Tbf he bought them off book so likely would do likewise if he sold. Imo.

Bladey, or you read the ipo which states $150 as the price when they drafted it..

Senta, Coggy was only joking it’s his sense of doom I mean humour LMOA.

Https://m.youtube.com/watch?v=PDv5LoBPCYM&pp=ygUYTWlkd2VlayByb2FzdCBiZW5zIGNyZWVr

5 days ago AW says it’s going into production this week @2.39 so unsure why the comments unless you don’t really hold here and are trying your PrATT attacks here now as you’ve been made to look a right nobhead with all your queries dispelled every time lol.

2.39 2.39 2.39 just incase you skip past the news.

Down 195.00

Pen, I’m sure there’s something in the IPO document that expressly says that the historical amount of $150 per ton was sufficient for profitability.

I suppose when the latest financials come out we can get to a better conclusion.

Thanks for your hard work btw.

CJ, as you said, it’s difficult getting any mine up and running but to get to peak production 70-80k tons per month in 18 months is astonishing.

Yes there’s been delays, yes maybe over optimistic timelines too, but you cannot deny it’s been a superb effort all around considering.

I think a lot of onlookers and investors have either overlooked or been blind to the fact that our strategy from IPO was led by AW and MBU and especially on the financial side.

There was definitely a sea change when the new CFO who has expertise of building resource companies came onboard and that led to reshaping the company policy from running our own HWMs (which was going to be the case after buying the 2nd one)and hiring the yellow metal and contractors to the opposite of keeping Mega running the mining and BEN owning the yellow metal and all the ancillary work and workers, so we can set the timeline.

A lot has changed since the IPO and lots of it has been the source of much discussion and debate on here and elsewhere as people scrutinised every decision.

Well the MBU debate can now be put to bed too.

It seems with every debate trying to be negative about BEN, the company manages to answer but it’s never enough.

No doubt some negativeers will be deep diving into the accounts of the new investor looking for any reason to spout nonsense.

0 tons per month to 80,000 tons delivered per month from June 22-June 23 and capacity production but for done it’s not enough.

Well it can’t get any better than that apart from the coal price rising, so if you aren’t happy then you never will be I’m afraid.

I disagree that it’s been slow progress. AIM is full of bluffer companies that promise this that the other and they never materialise.

Just look at BPC it took them 18 years to first oil well drill and guess what lol it was a duster.

That’s 18 years of false promises and debt raises. The ultimate in a lifestyle company living off hype and under researched investors for years.

They’re 10 a penny on AIM.

BEN said what they’d do and have ultimately delivered on their IPO within about 8 months from IPO to first coal delivery. Totally refurbished the wash plant, rail track and loader whilst also working through a potential business ending national disaster flood.

First delivery and then talk of production to 40k ton a month then doubling that and 12 months later that really now does look like it’s going to be achieved.

Yes there’s been blockages and issues, but this is a resource stock snd they’re always prone to delays, however we’re not yet 12 months into the excitement of the first delivery and we’re about to enter the end goal phase of 2HWM on site working double shifts with a new senior share holder and partner whose job is to take our product and place it wherever it decides.

No offtake agreements are required anymore. Our largest shareholder is in effect our broker. All be there’s the hands off agreement but we all know they’ll be pulling in deals for BEN to sell their product too.

Now all we need is the coal price to rise or stabilise from here and this will be one of the safest ever bets on AIM tin a long long time imo.

Interview now online…

Looks like the link was removed.

Https://avani.sg/

Https://youtu.be/3EvDMj6qbnA

UP

It’s been operating since the 5th of May JH, it’s in the RNS.