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Pullback cleared the sellers - onwards and upwards
Nice little top up
Looks good for a reversal here.
Where’d be support?
Ticking up again now
£240k in one go. Someone is buying big
Delayed buys coming in from this morning. I just went back and checked the spread at the times
This will hit 50p today
It’s on the cards with price going back up
Share price has stabilised. Now for the real buying to start following to massive sell off
I think it has bearded dragon. Now to te-test previous range at 97p
No wonder it’s so hard to buy
Looking like the drop is done
That’ll do me lol
It’s on….
Be patient. Low 60s is the target buy
Getting hammered. Where’s the support? I’ve seen 64p on a few charts
Yes agree folks - looks like a great year for MILA. Director getting in before drilling starting but shows confidence. See many multiples of current SP from here. Lots of drilling and lots of results to come
Going to be a fantastic few months for BEN. Wash plant ready in days with coal ready to be put through it. First profit coming by end Jan. personally thought the price would be much higher by now. Easily worth double if not triple current prices on the P/E.
Ben caught my eye once I read the ipo document and subsequent offttake agreement. This in my opinion is a no brainer investment. Couple of points to note:
Coal price sure to keep stable, especially with the infrastructure/green projects planned across the globe, it may even keep rising.
As it stands BEN is on track to generate a minimum 40,000 tons of coal a month. This equates to roughly $8m profit a month, nearly $100m per annum. Another high wall miner coming soon, which will double this capacity and take this to $16m per month/ $200m per annum. Ben is currently valued at £112m, therefore will be making more profit than market cap??? Therefore I see the price making a steady climb to a minimum 400/500m in the next few months.
Further to the above Adam is looking to increase capacity further with other royalty type acquisitions. This will again increase value, but even without these deals BEN is making some serious cash right now.
They have money in the bank from recent CLN, but will have more than enough following first payment in the coming weeks. We have also been informed that that the lender was ACAM GP who took place in the original placing, and wanted more shares, and has no intention of selling them. All other large stakeholders are locked in for 12 months from placing, leaving only roughly 20% free float (70m shares).
They have no debt and own the infrastructure and intend to provide dividends as soon as possible.
My opinion is a strong buy. Also to note, I don’t see weakness in the price, just consolidation, which is a good thing. If it rises to quickly it spooks investors to sell.