Member Info for Erik9Haggy

Great news for BT then. OFCOM will have to allow BT to use their physical infrastructure. Will save billions on the FTTP build. Not sure VM02 thought this one out.

I’ll never bat for Yorkshire young maaaan!!

LONDON, July 29 (Reuters) - The owners of British cable group Virgin Media have joined forces with an investment firm to plough around 4.5 billion pounds ($5.5 billion)into a new fibre broadband joint venture that will pass 7 million premises, in direct competition with BT.

Virgin's owners Liberty Global and Spain's Telefonica, plus InfraVia Capital Partners, said the network would also offer wholesale access to other broadband providers.

Shares in BT were down 1.2%. ($1 = 0.8232 pounds) (Reporting by Paul Sandle; writing by Kate Holton; editing by David Milliken)

7 million? That’s less than a quarter of households in the UK,

Just yesterday BT announced that 8 million households have access to FTTP so they won’t even touch the sides. Plus how many of the 7 million will be rural hard to get to? A big fat zero.

If Virgin want a price war on wholesale bring it on… BT can compete. I don’t think the other altnets will like it. Will City Fibre take Virgin to court lol

“and to ensure green investors remain.”

As a black transgender non binary Q+ investor I find this comment highly offensive.

LMOA

Maybe the MMs are in the CWU lol

Fleccy, is definitely one if not the most knowledgeable on this board. He does his research and understands the sector very well.

Don’t think many can disagree when he’s bewildered at how the market reacts where BT is concerned. It does seem like there’s something malevolent at play here lol.

Anyway once the FTTP build is complete then this will be back above £5 imo.

The strikes won’t, as most they can do without are in the management grades.

The time they proved who they could do without was the early days of the pandemic and all those working from home.

Plenty of middle and lower managers got the chop.

I doubt we’ll know what price they’ve agreed above $265 as it will remain confidential. Integrity will want it that way as revealing the price may affect other fixed price deals with other suppliers.

Let’s just say the spot price isn’t anything to worry about now until the next 100k tons are delivered.

Then hopefully the price has gone up in association with the tonnage mined per month in a couple of months.

TBF jolly the RNS does say the figures will be released in August lol

Good replies kford and Alan and both correct. In the interview AW just said he has 8 loads booked in for 100k tons at a fixed rate above Thursday spot price of $265 too so no problem on the offtake.

One important point ref MBU is if they do offload some shares it has to be through OPTIVA broker so as there is an orderly market..I.e. sell them on their behalf to other clients and not affect the market like JS did. That also applies to any other major shareholders that are locked in over the next 3 years. It’s all in the IPO. So another fear allayed. AW is a magician.

Typical… Nicking Nicks info. Mind you you’re usually Nicking Knickers off next doors washing line..

Mind you she is fit lolz

LMOA

HH he mentioned 120 as a simple example against the 450 price around 19.50 in. He did say costs have gone up due to inflation so it’s fair to use that figure going forward then.

Likewise he says that the met coal price should rise after sanctions bite so the price rise will dwarf the inflation rise in his words.

The ipo floated when the met price was $140 and that price was deemed profitable with operating costs at the $90 mark. So all things considered they are well ahead of what they initially priced in.

On 13.55 he says they have booked 8 cars at a fixed price above yesterday’s spot price for 100,000 tons so I take it he means 8 trains. So the next couple of months deliveries should bring in close to the figures I mentioned. Imo. By then we should also have the 2nd miner production.

Alls good at the creek.

I might be Dirk cogster lol

Met coal spot price currently $265. Operating costs $90 per ton. $175 profit per ton.

40,000 tons currently per month as per IG interview yesterday = $7,000,000 profit.

99% of AIM start ups would kill their granny for that kind of return after 6 months of operations.

August 10th new coal sanctions against Russia come into effect so Met coal expected to rise again.

No waiting years on fictitious drills into dusters. Ben is currently selling their product and about to double that production with permit imminent… also the permit may allow the 3rd standby miner to operate too in the new year.

Let’s say they keep it on standby then profit on 80,000 tons at todays spot price is circa $14,000,000 per month achievable by September. Should the 3rd be used concurrently then it’s circa $21,000,000 per month PROFIT.

AW hoping to give out dividends twice a year too. It won’t take long to get your original stake back for free and watch capital growth and residual income for life… or for as long as Ben isn’t sold to the highest bidder. Either way it’s a once in a lifetime opportunity.

It’s not a pump and dump cryptooilithiumpromisingdissapointment, it’s a producing growth company that will work through any recession as steel is required now more than ever given the green energy revolution, the trillion dollar build in the US and similar in China and India.

All imo based on fundamentals and reading the IPO prospectus and yesterdays more in depth interview. When the IG interviewer himself is a holder then investors should take note.

Good luck finding thousands of qualified train drivers lol..

But still making over $150 per ton profit x 40,000 tons per month…

Not too shabby.

Go to page 83…

1.10 Operating costs it’s all there and iceman’s figures are correct. Ranging between 85/95 dollars per ton for the life of the mine.

“Iceman can you point me to the statement of operating costs per tonne? I'm researching and trying to find the projections”

Try the IPO prospectus that would be a good start lol…

Fact is we’re here because of one fecked up investor

It was a subsidiary of MBU not the whole group iirc…