Member Info for Ezzza

Looks good.....Chris Walker....highly experienced.....they've moved fast ...noted AW will still be around to help the bedding in process....lets hope this positive moves the shareprice up now the uncertainty is over.

Cheers

Ezzza

Nice post DropD. Avani appear very positive hence it's a matter of shareholders sitting tight for the longer term. There's a lot of grief / scaremongering being posted now about Avani and the Company but Avani will know more about BC then any of us and their support is telling.....i.e. positive.

Cheers

Ezzza

Ilovesushi. you said: Then it end when the price of coal falls to where it is un-economic and there is little or not demand. The RNS did actually include the comment that Avani have entered into a contract for 400K/T of coal for this year. Integrity also want as much as we can supply so your point about demand is clearly incorrect. This is nowhere near the end for Ben. I think AW was a little bit unlucky in that certain events happened to cause serious probs that were out of his control e.g the issue with the number of trains we were getting per month but he did get the mine/wash plant/rail track up and running to the point we recently had c.100k/t of coal sat waiting for the trains. I agree that taking bonuses was abysmal when we had never had a profit. But business is business and I suspect having, Avani cough up once and seeing no improvement in the business, will have offered further dosh on the basis that AW went. That's my take on it. AW good at mining but not so good at the sharp end of running a business financially. We had no CFO if I remember too. I think it was said recently that we have 120 workers at the Creek....what???.....did we really need so many when we were struggling financially. It's good that Avani stepped in and shows a very positive move and chance to build on mistakes made. It should be onwards and upwards from here particularly if we are to get the contracted number of trains we need each week/month. Avani clearly see that. Will they take over??...not sure running the Creek is in their brief as they are commodity brokers so I hope they are just bailing us out knowing the long term prospects for BC. Lets hops the AW replacement is "on the ball" so to speak....Just my thoughts.

Cheers

Ezzza

JH...yes I do hence I used the word "production" in my post. I understand we can sell pretty much everything we can produce and as a point I seem to recall we have a contract to supply Integrity 40k/t pm of coal? If so, then production was less than that although I accept any shortfall may have been held in the stock yard. The simple fact is that we need the trains in the numbers AW talks about.

Cheers

Ezzza

Well....its a positive increase but as we all now know the trains issue is crucial to the success of BC. Multiply by 4 and we are nowhere near to annual level of production AW talks about to create real profit and value. Shipping coal out by truck is costly too even though the met coal price has risen lately so a negative impact on the bottom line. Cheers Ezzza

So....the HWM will be up a running in 7 days time...what's not to like about that then???.

Hi Penstock. Bit of a late reply as been out all day...great day out too at the Bangers and Cash live event near Scarborough. For those not familiar we are talking classic cars event. Lots of gorgeous old things there...the cars weren't bad too pmsl. Anyway... I just wanted to say that I and am sure many others really appreciate your efforts to keep us informed of events down at't mill so to speak. So, with that in mind two things to consider.

1, you information ( and positivity/ enthusiasm) will always be attacked by the naysayers/doomongers/shorters and the like. That's life on these boards and every share as em...trust me I used to be a vicar lol..

2, if only one shareholder gets something from your posts and looks forward to them then you are letting them down if you do not post you info/thoughts due to to the ...er em.. words I should not print lot ...but you will catch my drift. And Pen...I specifically look in for your posts (and a few others too) so please don't let me down due to the you know who brigade. Many thanks Pen I am sure yours, your mothers and most of us holding will be smiling soon,

Cheers Ezzza

That's right Tenantry. We're paying $2 pt to Avani on each shipment sold which will then reduce the debt. Just need met coal to get it's a**e in gear now lol.

Cheers

Ezzza

The one concern. The 2nd RNS includes: Rajesh is a co-founder and current shareholder of Avani. He leads acquisitions and business development at Avani.......I really hope he isn't on the board to lead the acquisition of BC - particularly with a nonsense lowball offer. Lets just hope he's here to help with business development....joining the dots the Tata bit springs to mind together with the agreement revealed in the first RNS today. That's business development lol

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Ezzza

More good news although probably to be expected given what Avani do and their holding here. Interesting point that the deal is scrapped if they are no longer shareholders....just need the price of coal to increase now...$300t would be nice lol

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Ezzza

Tenantry - totally agree - your points are exactly the same as my thoughts too.

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Ezzza

Spot on Pashtastic.....I couldn't have put it any better.

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Ezzza

Peeps. Penstock said in his last post here:

Nothing to talk about until after summer really. 6 trains last month, no doubt 6 will be the norm from now on.

He's right so why don't you all chill out and let the company get on with things. There has been so much positive news lately yet peeps keep posting grief. We want to know this...we want to know that...blah blah blah. I seem to remember AW saying they wouldn't reveal price sensitive info - for obvious reasons ...but no doubt the guys that just took over a large portion of MBU's shares know. Those that say they are here for the long term and divis etc should just sit back and ignore the noise...it will all come together in the end.

Cheers

Ezzza

This is an interesting comment from the RSN: "Burgeoning relationship"

Burgeoning = growing, expanding, or developing RAPIDLY.

Don't Mind us growing rapidly at all.

Cheers

Ezzza

Hahaha.....what was I saying in my last few posts about an international commodities company wanting in at a whopping 29% of the issued shares. We've had unfortunate delays but we've never been doomed as some would have you think. I like this bit of the RSN:

We are delighted to welcome Avani as a shareholder. The arrival of a global commodity trading group, which is the largest importer of metallurgical coal into India, on our share register is further confirmation of the appeal of the Bens Creek coal brand and testament to the underlying quality of our product. We are very much looking forward to working with our new shareholder, and we are sure that this is the start of what will be a burgeoning relationship. The skills and expertise that they bring with them are sure to be invaluable as we build the business."

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Ezzza

Hahaha...there's always one.....but on the flip side ART....doesn't increased efficiency of production (for instance 2 x HWM's producing) result in lower overall production costs.....mmm....seem to think it does.
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Ezzza

ART...your post at 08:43 is really funny.
So....
1, if MBU are desperate to sell 50%+ of their shareholding in Ben before it becomes worthless then why aren't they selling the lot??
2, why would an international commodities company want to buy such a large amount of the issued shares in Ben right now - a business that will become virtually worthless according to you??
Cheers
Ezzza

ART...you said:
While coal prices are certainly higher than they were pre-2021 - at around $150/ton compared to $65/ton, there is no indication or reason for them to return to the $200, $300, $400, $500, $600/ton highs of 2021/2022. In fact, they might even fall further as coal was as low as $35/ton in 2020.
Fair point.....but the flip side is why would an international commodities broker/company want to buy 29.9% of the issued shares in BEN ???.....maybe they know more than any of us posting on here that's for sure.
Cheers
Ezzza

Wouldn't wanna be out of this over the weekend.......lol
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Ezzza

Thanks for your spreadsheet link Penstock, however, I am quite happy leaving these calcs to our resident BB expert on all things EBITDA...YOU!!!...LOL. Proper peed off as I have a house sale going through which I had expected to have completed by now but, typically, it's been sloooooow. Once completed I was wanting to invest half of my ISA allowance into BEN....I'll still be looking to do this but given the news I can't imaging the SP staying at such a low level. I hadn't posted for a while...had a look each morning to see if an RNS had landed but if not then kept away due to the gloom so this mornings RNS had me screaming PMSL !!!
Cheers
Ezzza