Member Info for Padd1

What's the latest thinking on when the share buyback will commence?

CR888 - 2500p! I love your ramping. I think all holders of Dark not just Poppy would welcome 2500p.

Any chance this chat forum could get back to sensible analysis of Boo rather than the toxic comments currently going backwards and forwards?

I understand lots of people get kicks out of hiding behind their keyboards abusing one another but if you haven't got anything valuable to say can't you just be silent instead of abusive?

Winstanley - it's hard to disagree with WimbleTom - the board under McCalls leadership have presided over a massive devaluation in the company.

I agree ITVX is encouraging but the company would have been better served with a more dynamic leadership team in place.

I'm all for breaking the business up. Maybe float the studio business but retain a 30% stake! Just an opinion - would add significant shareholder value.

Taverham - out of interest I'd been interested in your examples of companies who have rejected a bid and share price never recovered.

I'm happy to sit and wait. Price already recovering from being over sold on latest news.

Ilovesushi - are you invested in Ben? These results shouldn’t come as a surprise to anyone.

If the commodity price sinks Ben will sink with it, but there is also a significant upside.

Everyone has to work out their own appetite for risk. I remain a long term holder. India presents a massive opportunity.

Panman - can you elaborate or your last post. What site? Whose consensus?

Sorry been away and not been following.

"may happen in the next few weeks" - what's your rationale for this?

Sounds like a 50:50 bet - I guess it may rise as well!

Fromage- are you selling up then?

I did. My holding was fairly small, so was my option was only for 60k shares.

Not sure if I'm throwing good money away but for the cost thought it was worth one last roll of the dice!!

It's difficult to believe things could get any worse with this business but who knows!

30p! I hope not - I'd still be under water!

I know Adam's enthusiasm often gets the better of him but I remember the days when he talked of this becoming a $1 bn business!!

Now I appreciate that's a pipe dream at the moment but as soon as divi's are announced (maybe next Sept) and if the original 10p divi target is announced this will quickly reach 70/80p. That's what I'm waiting for ($340m business).

I know I'm getting ahead of myself but patience is required. If production volume targets are hit over the next 12 months, coal price pushes upa little more and debt cleared I think the above is achievable. I'm happy to see where we are this time next year. Things very slowly moving in the right direction.

Really encouraging production numbers, coupled with continued rise in commodity price will hopefully see sp improve.

But with the current market who knows what the reaction will be.

I'm guessing next numbers to be released with be end of q3 (early Jan). If we see +70k production per month for last quarter sp should really start to motor - assuming coal price stays flat or improves.

Promising times.

Would be good if someone could confirm my understanding from Adam's interview - am I right that currently we are making $27 per short tonne at current market price?

Is the 77k produce each month 77k short tonnes?

So BEN is making $2m per month profit.

The RNS on 13th said "they expected to publish 27th". It wasn't definitive. Maybe tomorrow.

The company only posted an update on HWM on 14th August - saying it would be up and running from around the 21st August. I don't think they will provide a further update until it is bedded in and been running for a few weeks. The company has also stated several months back that they will stop the continual drip feed of RNS updates.

I think if HWM WASN'T in production we would have seen an RNS - if 14th August update wasn't met.

Bigkahuna - lets hope the met price continues to rise.

But looking at the long term history of met coal prices the last couple of years were an anomaly. I don't think we'll see those extreme prices anytime soon.

Typically it has traded under $150. I'm not suggesting it's going to return to those levels but I think a price somewhere between $240-$280 is more likely.

Even at those prices Ben should make plenty of cash to distribute a healthy divi.

A steady sustainable price rise is more favourable than a boom and bust in my opinion.

Ilovesushi - I think the previous owners of Bens Creek were in a lot more debt than current operators - although debt rising. But agree we need met coal prices to start to rise. As for depth of recession - who knows what will happen. US economy may be slowing but is still looking fairly robust. US has a massive infrastructure build programme planned - that's going to need a lot of steel. Regarding China their economy might not see the growth levels of recent but the economy is still expected to grow between 3-4.5% and living in Hong Kong there is a lot of talk about govt stimulus to be soon announced. And don't forget India - massive growth and potential for more.

Basically, we don't have a clue. But worrying times. Share price certainly won't recover until met price starts moving north again.

As for the incident at the mine - it's a good job it was responsibility of contractor - many have criticised using a contractor but maybe not such a bad idea after all.

Agree - great update. Future looks good. But sp drops - no logic to FTSE.

Money sponge - out of interest which analyst is forecasting 14p?

I always take analysts forecasts with a pinch of salt - I think they're usually pretty clueless and just pushing their own agenda

of the 25 analysts the FT tracks they have a median target of 42p, high 85p and low 30p. a spread like that pretty much says it all.

Of course we all believe how successful you are Porsche!!!

For someone doing so well for themselves you seem very angry!

This share continues to disappoint. But great divi. Still confident good times will return - eventually - I'm happy to hold.