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https://www.argusmedia.com/metals-platform/price/assessment/PA00128862100
Met coal price going back up, BENS profit margins will increase. Most experts expect average price for 2022 to be $375
I'm just not ramping or spreading rumours but after listening to Adam carefully on Sunday and him saying "that's us done when in full production" and "the analyst will come in to do the numbers once we are in full production" I think a takeover bid will come in before the end of year. A takeover will be best result for MBU to cash in also without crashing the share price as they hold 60%.
DYOR
https://www.fitchsolutions.com/commodities/coking-coal-prices-major-upward-revision-13-05-2022
Met coal forecast for 2022 average is $375, price of met coal has gone down recently because Russia are exporting silly amounts of coals at low prices before their sanction date starts on 4th August. After 4th August we will steadily see a rise in met coal prices as Russia will be completely out of the equation. The trend is when met coal prices increase ben sp increases, met coal prices spiked to over $400 and ben was 108p. dyor
BENS interview 17 July
Only 70 million shares to be traded. 40% of free float had to be sold in 3 to 4 days. It shows the strength of the stock that it managed to get through that so well.
SP on current production should be roughly 70p now, 1.20 on full production within 2 months. K H
Took a bankrupt company and turned it into what it is today. We had all the assets.
Absolutely on track, everything is as we had planned.
Repetitive but listed in October last year. Not producing at the time. Transferred the 60 m of debt into a royalty stream. We now produce 40k M Tonnes per month.
Started remediating the wash plant, the railway, the underground mine, hwm, benches and application for second HWM.
We produced Raw coal in January February, we produced Clean Coal in March and April and started shipping in June.
Producing 40 k tonnes of clean coal per month now.
Still waiting on a permit any day, guidance on its receipt for the end of July could move slightly.
All indications are good,
Last few signatures for permit
Has 3rd contract hire hwm
The 2nd one needs a bit of work, not much. Use or lose, so elected to take it. Can switch out to own hwm, 3rd is a spare.
Better to have the machine there as backup . 6 weeks to repair max, 2nd permit mining in august.
Distressed seller, sp is correlated to met coal price, highest was 450 dollars a tonne 1.08p , now is
Close to full production
Delighted that we have been able to replace the seller, the seller has been sold down, and bought.
Margins cfds, perfect storm for a drop but nothing has changed in BENS creek
Trains booked into come in end july, and 3 end of next month, all deliveries on track.
We would still be in the 70p range if J S hadnt had to sell, it was the only asset he had to sell. KH
We were not a producing company when we started, 2nd permit should go from 40 to 70 / 80 tonnes sometime in august.
Once we get to full production we will invite analysts to write figures on the company.
Desire to move to greener economy using steel in wind farms, batteries and solar will be a need for met coal going forward for quite some time.
So we will be doubling production or thereabouts within a couple months.
Dividends on the cards, even with the drop off. Very healthy margins for BEN.
I wouldn't be surprised, a sale has been mentioned previously on the telegram group and has not been denied by the guys in the know. Great way for MBU and Adam to make their money, when the price was 80p the takeover price mooted was £3.13 not its 35p we could be looking around £1.50 - £2 mark. To be honest I don't know how they work these things out. dyor