Member Info for Lincolnshire

They have over £2 million in cash! But in the years to come, will they raise more cash, who knows. I think they will be bought out before!

Some one posted this link, think it was on bres twitter, scroll near the end. They really like bres talking about a 10 bagger. Keep this for a few years it's going be way bigger https://ukinvestormagazine.co.uk/barclays-reckitt-benckiser-and-rishi-sunak-with-alan-green/?mc_cid=0cde003148&mc_eid=df2295942c

I bought half a million of these shares yesterday and to be honest I intended to buy then sell quickly and move on (by the way i have made a nice paper profit at present).

Then I started to research the company properly, woow! Obviously copper results are amazing but they have some bonanza grade gold (greater than 31g per ton), what? And cash!

My conclusion I will certainly not be selling and on any weakness I will certainly buy more (when funds are available).

A great find.

I don't disagree with you but eventually shares tend to get to their true paper valuation (most of the time). I don't mind waiting. I took a position over two years ago with uranium stocks, nothing then we had massive growth then I sold out. I have faith in ben, if I didn't I would sell up and buy something else.

What an amazing rns and so late in the day. Fireworks tomorrow??? Valuation? Still lots of work to do but woow if it's all positive.

Obviously the fact that we are only getting 2 trains per month is the main reason that is holding back ben. Yes second high wall miner neat but we need those trains (certainly not Adam's fault though).

2 trains per month = mkt cap £114m = 30p
3 trains per month = mkt cap £171m = 45p

If currently mining 40,000 tons pm that's almost 44 trains per year so =£209 m which is 55p

And this is just 1 him, like I said it's just the number of trains. When we can increase those trains the share price can rise dramatically

(BTW 2 HWM would give u 110p a share if can get all trains to transport it on pe4!!).

Assumptions
Met coal b $280 per metric ton so x0.91 to get short ton
Guessing 5% discount
Costs $120 per short ton
So $122 profit per short ton
$1.13 to £1
So £108:profit per short ton
Let's use a PE of just 4
Each train transport 11,000 short tons

While it is obviously annoying seeing the price going down to silly levels as long as you don't sell it doesn't really matter. It's going down because its worrying people because it is going down, it will pick up in the end. Just think dividends, dividends, dividends, ya they are going to come along later than originally anticipated but I do believe they will come else I would sell.

The current valuation of BEN is so low (especially with the weak pound) that I can't see this being relevant to current market cap. Obviously some traders won't like it although some traders won't like it if it was $100 higher.

when we are back to average 20 day moving average, the current profits are massive in comparison to share price.

$265 per metric ton, we are talking short ton so x0.91 and integrity on discount (guess ? 5%) so x0.95
So that's $229 - costs of $120 per ton so profit $109

0n 40,000 tons pm x12 x$109 = $52 million profit pa
So £44 million profit x PE 6 that's mkt cap £264 million so 75p a share

On 80,000 tons pm that's $104 million profit pa or mkt cap £528 million so 150p a share

And if met coal gets to $350 per metric ton then on 80,000 tons pm that's 252p

The figures are just massive. The share price will pick up as soon as its clear that coking price is tending up (just like adam said it would!!!). The company are obviously behind schedule and investors just don't like that (but only by a fewmonths!). Overall I like adam and I like ben. If the share price doesn't move then eventually we will be getting some utterly massive dividends, happy with that.

I read that you are a shorter! Nothing wrong with that (wouldn't do it myself on any share not in my nature). Good luck with your other investments.

Great little gold share, I have been very happy with the low valuation as I have been building a rather nice holding in. If those drill holes are as good as expected by the Prof then this is going to fly as the share price moves very quickly on small volumes. I also really liketge prof, such a nice man.

If I didn't care about a share I wouldn't be investing my time in talking about said share. But you are! Like I said if atlantic coal hadn't gone bust then there would be no bens creek! Adam doesn't hide anything. But I agree investors need to do their own research elsewhere they are trusting people on boards which is rather silly!!! Boards first point of information then research said information.

Woow, the derampers are certainly having a fun game. Atlantic coal had to finance a multi multi million pound railway and significantly lower coal prices so went bust. I obviously feel really sorry for investors who lost monies in Atlantic coal. Bens creek is benefiting from the railway and infrastructure that Atlantic coal built.

Bens creek is building up new capacity etc etc so things never go to time scale.

I really like bens creek and Adam (although yes he is a little bit too rampy!).

Don't forget everyone is in for themselves with shares, I am obviously a ramper, NOBODY is neutral!

Thanks to bens creek I have now retired early. Sold high (unfortunately not at top), bought back some more when in mid 30s and now have free 303,000 shares so I am certainly happy.

I feel sorry for people who bought at £1 but this is a small market cap share and will be volatile. Hopefully just a waiting game for you to make monies.

Pros coking coal increasing again, permit will get approved so all good. Its just a waiting game. So some people will do some frequent trading with ben too, driving it up and down (I have done this too, it's all a game, and sometimes a fun game).

All this talk of taking the company private is just silly.

I know when this share takes off again (and it will but has dropped so much will take time) then I certainly wouldn't want to be a shorter!!!

Interesting article https://stockhead.com.au/resources/ground-breakers-stanmore-pays-cool-us380m-to-take-full-control-of-queensland-coal-mines-as-earnings-soar/

A great share, can't believe the valuation is so low, although it's been nice building up a position. I am now happy for it to re-rate as I have got a rather lot in here now and need to try and stop myself from getting any more!!!!!

People are just doing frequent trading with ben at present, I have no problem with that (as I have been doing some frequent trading with ben as well although I have still got my core long term shares as well). Once permit is passed then ben will rocket, if it doesn't then the percentage dividend will be massive (so happy with both cases).

Its certainly an option for ben to provide coal to power stations if met prices don't return to being higher than thermal. The world currently need thermal coal more than met coal. I realise that long term met coal is the way forward. Actual met coal ignition temp is higher than traditional thermal coal but I suppose it could still be used in coal power plants. An interesting way forward if metcoal stayed low for longer!

This is very interesting about a met coal producer thinking of switching to thermal as the price for thermal coal much higher than met coal (normal situations it would be the otherwise around obviously). https://www.steelorbis.com/steel-news/latest-news/tigers-realm-coal-coking-coal-producers-may-switch-to-thermal-coal-market-1254048.htm

Its just people using these commission free dealing websites so people could just buy one share. I know kids at school love buying shares using these apps (obviously must be in their parents' names).

Originally was going to sell some at a £1 but this seems way to silly and early with coking price rises, railway soon to be
Commisioned, 2nd hwm etc etc, too much happening. Will think about selling some after £2 now. Production set to quadruple in 2 to 4 months!!!! I honestly think could see £3 within 4 months, I am very excited as I have a decent amount of monies in this.