Member Info for Padd1

iceman888 - I live in Hong Kong and I can assure you covid issues most definitely not behind china. shutdowns still occurring when covid cases rise. mainland govt showing no signs of changing policy and still prioritising health over economy. this is a stance that has been reiterated by politicians over last couple of days.

Sorry Fairview - open chat group - entitled to my opinion. I think CGNR is being held back by lack of quality RNS updates on drilling reports and the continued impact of Brexit. In my opinion, and I'm not alone, Brexit has been the primary cause for the FTSE and other UK indexes not growing since 2016. All major global indexes have way out performed the UK, similarly UK currency performance is dismal. I appreciate this is a fairly generic point and could be made against most shares but feel its worth reminding people of one of the main reasons for UK equities underperforming. I appreciate you don't want to hear this and most Brexiteers no longer want to discuss. But I'm glad your 100% happy with your decision - imagine if things had gone badly!! Maybe one day you'll share the benefits - why not jot them down on a bit of paper and see how many you come up with! Finally, ever worked out how many extra years the average UK worker will have to work for their pension pot to reach the levels it would have done by staying in the EU? I have 50k shares in CGNR and feel I'm entitled to an opinion. Feel free to filter me.

Catbert - the criticism of Kwarteng is because the markets don't believe his mini-budget made any financial sense. Gilt market in free fall, £ collapsed, trade with EU in tatters, promised trade deals with US / India / Japan and other major countries either not going to happen or not delivering the benefits Brexiteers promised. He, along with Truss and the right wing faction of the Conservative party are driven by ideology and not financial common sense. Conservative policy has shifted massively to the right and they have a desire to try and turn UK into a Singapore / Hong Kong of Europe - it's not going to work. Brexit was ideologically driven, making no economic sense. Even Reece-Mogg said recently it would take 50 years for us to see any Brexit benefit. Other Conservative MPs who were pro Brexit now openly accept Brexit was never going to deliver any economic benefit. If the govt was serious about driving economic growth the best thing they could do is improve relations with the EU which accounts for 60% of our trade. But no, their solution is saddle the country with more debt. Today's policy reversal is a clear indication of someone who didn't think through his actions and like Truss is out of his depth - their political obituaries could already be written. The population was lied to by Brexiteers. I acccept we might have "taken back sovereignty" but at what expense - at the moment it appears at the cost of future prosperity. UK govt seen as a basket case across the world.
As for Conroy we need an RNS. It's a long term hold for me - which is just as well as I don't see anything happening in the near future.

Narcus and all others who supported Brexit should read article in FT today about facts behind Brexit ideology and what it has driven. Bottom line is Brexit was all about pursuing an ideology above driving a nation’s wealth. In summary, pound has never recovered, our trade with EU is in ruins, all the promised “great” trade deals have never materialised and don’t look likely to happen. We swapped “Dodgy Jonny Foreigner” for the likes of Truss, Reece-Mogg, Boris and Kwarti!!! They are either pursuing a failed ideology without caring about our nations economy and future wealth. As for VOD they are saddled with huge debt and are going to have to pull some rabbits out of the hat to get the business back on track which is going to be tricky in the economic climate our leaders have created. Apologies if I’m missing the Brexit benefits- maybe someone could share.

Headwind!! - lets hope Boo never has to cope with incompetent govt, collapsing pound, war in Europe, massive inflationary pressures.... I'm sure I've missed a few other challenges!

RickEngland - I'm glad you're happy we swapped "Jonny foreigner" for Boris, Reece-Mogg, Truss and a whole bunch of incompetent fools. The mini-budget yesterday was another masterclass in financial mismanagement. Let's load up future generations with ever more debt. Even staunch pro Brexiteer MPs now openly acknowledge there was no economic benefit to exiting the EU. We have reduced opportunities for an entire generation to work and travel throughout the EU and plunged our economy into chaos. Whatever happened to all those great trade deals we were going to strike with the rest of the world?
As for comparing us to the US that is completely idiotic - you need to look at size of population, economic and political clout to see we cannot replicate the US economy. Even our "special friends" aren't interested in a trade deal.
You are however right this is a board about Boo, so why does the above affect Boo? Boo's future prospects are going to be massively impacted by the mess Brexit has unleashed. Brexit kicked off the plunge in the value of the £ and it has never and doesn't look like recovering anytime soon. I live in Hong Kong so am benefiting from the falling pound but worry about the state of the UK economy I will eventually return to. Having worked in retail for 20+ years the £ collapse will have a huge impact on Boo's future purchasing decisions and operations. So your decision, along with 51.9% of the country to vote for Brexit because of dodgy foreigners and fat cat politicians was short sighted at best. The Brexit campaign was built on a big lie and to blame political corruption and wanting control over sovereignty is the only thing Brexiteers can cling too. Shame they didn't consider the bigger picture and the wealth and health of the country. Did you look at the levels of corruption UK govt decisions led to during Covid and ministers feathering their own pockets . Was that acceptable to you because they weren't foreigners?
As for my Boo shares I will lock in a draw and hope they're worth something in a few years - a bit like waiting for the £ to recover.
Rant over.

We would all love the sp to be back where we think it should be but there's nothing wrong in looking at a company's long term prospects - especially divi potential. But of course being back at a £1 would be nice! When the rail spur was completed I seem to remember the sp saw a bit of a dead cat bounce. It certainly didn't deliver the sp increase I hoped for. Likewise todays permit rns has failed to spark the sp into life. I think the sp will only start recovering when significant volumes of coal are coming out of the ground - the promised 80k pm - and being sold. Permit was just another box ticked. I think it's still important to remember business is only 1 year old. They've come a long way in a short space of time. My main worry is end of lock-in is fast approaching and sp could be manipulated. But I'm still happy to hold.

I love comments like “only if you listen to western media”.

What are we surprised to do - listen to Russian media - they’re not state controlled at all are they?

Who knows what will happen in the end. Maybe Putin will achieve his goals - whatever they are. But don’t believe his narrative that West broke promises and the expansion of NATO eastwards caused the war. NATO expanded eastwards as a result of Russian aggression and behaviour. No country was ever forced to join NATO - decisions made by democratic nations as a response to long term Russian behaviour. This is a power grab by ultra nationalists.

Well done Sienna39 you've managed to lower the quality of the Ben chat page. Most chat pages on other shares are dominated by characters who hide behind their screens being unpleasant to each other and it does nothing to improve the collective understanding and analysis of respective shares. Lets hope Ben doesn't go the same way.

I don't think they have been trying to mislead. When securing permits you are up against govt bureaucracy and try to estimate when the approval will come through. These things happen. You can rage and make an issue or just accept the process. Investing in startup miners is probably not fr anyone who isn't prepared to accept timescales can slip. I accept delay not great but has allowed wash plant, rail road process to bed in. Progress is good but anything can happen.

I don't think the management ever lied to us. They set some ambitious targets and like many mining companies they can slip. But I think the management team have achieved a great deal in the 10 months since ipo. Permit was always going to be around this time. I don't know any miners who have delivered at this speed. I'm still positive.

So, Daily Mail says £5.70 would be taken seriously - must be true because they obviously know best!!
I've learnt not to believe the press or analysts, they often talk rubbish just to get a story out there or name in the press.
Very difficult to put a value on Dark. So many factors unknown.
What about other potential bidders who you would expect these early discussions could flush out!
Maybe initial bid might be around £5.70 to £6.
But clearly lots of hurdles - national security implications are apparent.
I hope any cheeky low ball bid fails, real value is in the long term - although I suspect greedy directors would sell at around £7.
As I said yesterday whoever might purchase it thinks the business is worth a lot more - so why sell out now. It seems a very British thing to do - short sighted.

I agree. I think we'll only understand what the market thinks when US opens later. UK institutions lost the ability to value tech businesses. Unfortunately for PIs I think management will be happy to sell around 750 to 850 - they will cash their shares in and make a very nice profit. Thomas Bravo I'm sure will be valuing the businesses at a hell of a lot higher. PIs might make a quick buck but miss out on the medium to long term value of the business and its true potential.

I was hoping for a bit more of a sp rise this morning but looks like resource levels already factored in. Hopefully someone will clarify for me but isn't the 92.7m resource level being quoted below a bit misleading? Isn't the real number we should be taking notice of 33.6m - this is the true estimated recoverable coal? Of which 12m is surface or hw recoverable and balance of 21m underground mineable. Guesstimating we eventually (I know not anytime soon) mine 1.5m a year - life of mine roughly 20 years! That's a very valuable business and a lot of potential dividends! Feel free to correct me if I've misunderstood resource volumes.

I’m really struggling to put a value on this business. Train news is great but how much was that factored into current sp - the train turning up has felt inevitable for weeks. Game changer would be positive MW report on additional resource, followed later in year by divi announcement. Divi talk of 10p later this year should in theory rise to 30p following year - which world still leave plenty of leftover profit to invest in further expansion. Maybe I’m being greedy but don’t think I’ll consider selling any until sp hits £3. Am I being greedy - thoughts! Difficult to out a price on sentiment which seems to be the major driver of a sp. I’m thinking train news should see sp hitting previous high, with positive resource update seeing a re-rate.

Maybe someone else can confirm / agree but my understanding is the majority of the c4m warrants flagged at 13th Oct 2021 issue have now been exercised. I calculate there are less than 1m warrants left to exercise.

You're a friendly bunch. I have a sizeable holding. You're right, it was a lazy question but I'm holed up in a quarantine hotel in HK without access to my paperwork, just a phone. I had in my head c19m but was just wanting to doing some quick sums and having been looking at a small screen all day I thought someone might save my eyes. Sorry I asked. Don't post often and can now see why. Been trading full time for 2+ years. I was playing around with some numbers and roughly working out where the share price might go in next few weeks ahead of end of tax year. Potentially moving back to UK and was working out possible CGT liability, compared to staying in HK where I've never had to pay tax on shares. And I am more than aware never to take what is posted on any chat room as the gospel truth.

Can someone remind me what met coal reserves BEN has access to at the moment?

Well said Happy. Hopefully most countries will unite and isolate Russia. There are no positives to take, but maybe this is the beginning of the end of Putin and his vile nationalistic regime.

I think it's easy to understand what's going on. You don't position 150k+ troops just for a laugh. Putin oversees a corrupt regime. He's nostalgic for the old soviet days. He's pushing against weak western leadership who for too long have cozied up to Russian oligarchs looking for quick investment. It's a power play. And BP only operates in Russia for greed. Like most big western corporations greed comes before morals. I would be happy if the disinvested from the country.