Member Info for JohnHenry

Penstock whats your break even point MET Coal for BEN. $210-220 ?????

The risk here and i think the market is reflecting that risk is with Met Coal price falling to a level where BEN have no margin.

The price topped out during the first hour of trading Monday and has been falling ever since.
i expect strong support around this gap area.

Spike up was on Monday. Gapped up on open from 1.575 -1.7p.
At present looks like the top of that gap is support.

And thats why the gap (support) maybe be filled ? selling down to a support area, buyers at support.

Looking like the market is trying to fill some of the gap.

Just trying to help you with your Maths.

Robday how do you come to the figure of an extra £3-4M net cash flow per month when at 5-7 mmscf/day will be producing between 53-73,000 Therms a day @ 115p per Therm.
Do the sums £1.9-2.7M per month.
Granted at 200p per Therm Net cash flow would be around your figures but we are not at 200p a Therm at present.

Green boxes directly after my posts. Just saying.

Sentiment will always have a negative response to directors selling however small and insignificant.

Imho theres been a large holder ( Forrest) selling the last few days. The reason the SP hasn't responded well to what was an excellent RNS.

He can sell when he likes, having a flakey significant holder is always going to way on the SP.

Hes probably been the major seller yesterday and today.

Continues to sell.

Nothing of any significance has been RNSed. Its ok giving it large on Sunday Roast but that has virtually zero reach in the Market.

Price spike down to the last Weds hourly high at 1.725p buyers returning.

Buys 47M sells 67M

10% of todays highs would appear the market is closing todays gap up.

Under 1.8p

Simply trading the 1.675 -1.825p gap