Member Info for Hindhead

#rak "why would [investors] run", because the co cant afford the luxury of paying a divi. on what numbers do you base a payment of a 2-3p divi? what revenue do you think they should generate in order to be able to afford such?
they cant afford to pay any divi atm and promising such is ridiculous because none of them can predict how the market for metcoal will develop - even if we all "wish" it climbs back up (see my earlier comment).
btw re the II investor base, have a look and see how many independent II's you can find that have invested in BENS.
this co is still in the start up phase. paying divis when they should be investing in the business would be reckless use of profits imho.
if bens announce a divi that is not supported by earnings / profit the sp will vaporise. this is not a jam tomorrow high-tec stock, its a commodity play and if you arent achieving net profits then you arent worth much. have a look at the big comm co's , eg bhp or rio etc they are making a fortune currently because they are selling loads of coal, ore minerals etc. as a result their sps are high and well supported.
bens could be a corker and i hope it will be given time - the fundamentals are strong. focus must be on production and reinvestment.
AIMHO GLA LTH BENS

#rak divis are paid as a result of the company being able to distribute a portion of what must be reliable and sustainable net profits and not simply as a reward to LTH.
BEN is not generating reliable profit yet and its got debt.
Hopefully they will reinvest in the company rather than distribute profit.
If BEN start paying unaffordable and unsustainable divis no II will invest and the ones, pi's included, currently invested will be running for the exit. Really this idle chatter about divis is unhelpful and distracting from the main gig of building "a billion dollar company" (AW's words). AW shouldnt have bragged about paying a 10p divi so early on - unless it was simply to lure in naive pi's. I bet the ii's didnt buy it!
AIMHO GLA LTH BENs

Lots of hope and expectations but until we prove regular and reliable sales and train availability, a sustainable divi (not just 10p one off's to support for lth's as i seem to remember was AW original statement), further positive professional analyst reviews, solid base for metcoal >$360 (dependant in part upon worry that global recession recedes and china gets going again), breakout from the 20p-30p trading range, we are going to remain a traders delight. This is going to take some time to resolve and we dont need any hiccoughs along the track! Would be great to see us get above 30 and build, based on fundamentals free of ramp and excited speculation about divis. The goal, as stated by AW, is growth, in his words "build a billion dollar company" and in due time (we hope / like to assume) an eventual sale at a price that will dwarf the current sp. Perhaps a few years off but worth waiting for if AW and team can pull it off. Get the HWMs running, get trains in and coal out, mgt please under promise and over deliver and fingers crossed.
IMHO GLA LTH of BEN

Is this a bargain? Great asset and could be a gifted entry or top up point.
Met coal is not going out of fashion and China coming back.
IMHO GLA LTH BENS

This was posted on another bb and is a good analysis of the current and possible future for O&G and minerals. Very well worth a read and underlines the obvious arguments for no govt tax tinkering with NS reserves.
https://www.mining.com/web/the-fossil-fuel-elephant-in-the-electrification-room/

superb analysis and highlights the opportunities.
wishing that our pm and chancellor would read this report before hammering our domestic energy industry further!

Yesterday is looking like a gift and happy to have taken advantage.
Hoping the JV or outright sale lands soon.
IMHO
GLA LTH of COPL

I saw this as a "punt", great asset but with a "no-comment" re the management. I got in initially some months back in the mid teens. Today its still a punt and the management doesnt seem to have improved but the asset remains what it is. Had another top up today at 5p.
GLA LTH and may the bounce come hard and fast!
IMHO

If only iron. Happy to see a flirtation with the lows of mid/end December as would provide another chance to add.
In the end, the asset which is substantial, will enable us to enjoy true value.
GLA patient and positive LTH of COPL. IMHO

Market and oil up this a.m. but JOG down. Hoping this is still a great price at which to add, in anticipation of good news in the near future. IMHO GLA LTH of JOG

#Stas completely agree. The asset and its potential (extraction and CO2 storage) are the reasons to be invested, and hopefully we will be rewarded for having identified and invested in such. The incumbent management made this a bit of a punt. Carpe diem
IMHO

#markeurasia
thanks

#markeurasia can you send the link for the WHI note. Its not been put on the BENS website.
Thanks

#kopfkissen and it wont until there are some reliable analysts reports which will hopefully validate a rise. Since December volume has been below average, there is no meaningful buying. Daily increases and falls result from short term trades. As stated previously this sp will not move forward in a sustainable fashion until analysts reporting is positive, reliable numbers are posted re sold coal, and of course an increase in the price of metcoal would help but that is closely pegged to improved global economic activity which is not yet certain. Once the aforementioned happens II's will start to look at BEN and only then will a meaningful rise be possible. IMHO and GLA & patience LTH of BEN

#Stas please dont tempt fate. I remember Ratner responding to an interviewer with ...."How can you sell this [their jewellery] for such a low price?", I say, "because it's total crap." He then built on this great marketing bombshell by comparing his earrings to an M&S prawn sandwich lol.
Hopefully our "sizeable" potential partner just see's the raw value of our asset and are not distracted by potential "prawn sandwiches".
GLA COPL investors

btw a "working ****er" is a working spaniel - some greater being changed the text??

dick, very deep and thoughtful. I have a working ****er, he's a great listener and he also knows a great deal - trouble is he doesnt always communicate this clearly - unless of course he wants food. Ive been asking him about his opinion on JOG, the best response he has shared so far is "walkies"!

Agreed GGG - do good things and tell people about it, loudly!
But perhaps the BOD have a different agenda though. Increase own stock holdings atm whilst sp is low in order to maximise the payday when we do get a t/o in 24. Taking a longer term view and listening to those with more knowledge than I have, the stress in the O&G market is not scheduled to hit until winter 23/24 the "J" curve. If that happens then we might be the perfect bride, a cracking company, excellent assets and with a substantial dowry of cash in the bank and coincidentally management (and hopefully LTH PI's) all well stocked up.
And if thats not the case, GGG should get the job of marketing dir at I3E!
AIMHO GLA

@penstock ...growing like the breeze BUT hopefully not gone with the wind :)
Sounds as though they are introducing a heightened level of pro-marketing and reporting which is to be congratulated.
Full production before Easter would be fantastic but I wish AW would err on the side of caution - under promise but overdeliver is so much better received in the market.
Bens is looking so much better than a few weeks back.
All IMHO GLA LTH

This is a speculative punt for most. There are some positive fundamentals to JOG and energy security, respectively a lack of it, which is not going to disappear soon. The recent swing down from a high of 357p has only taken us back to where we were in spring 2022. A lot of of us got in here between 80-160p so are still nicely in profit. This may drop back to 160p or lower (hopefully not) but as a "punt" it still looks positive and worth staying for the eventual gains, even if they will not now be as high as some analysts originally suggested. Also of note is the 41% still held by II's. who most likely have, with the greatest respect to all posting here, wider knowledge than most of us posting on this BB. Enjoy the white knuckle-ride, after all it is AIM and look forward to the day we celebrate the much awaited +ve RNS.
IMHO GLA