Member Info for panman

Agreed watch that cash position this one like to spike then tank as the next placing gets shorted and pi's get shafted.

It hasn't "fallen from 400bopd" its changed from 840barrels of fluid per day (equivalent) whilst on pump to 90 to 110BOPD with the water cut not yet reported on.

Could be as the drilling fluids/water clears that oil flow will improve we don't know yet but do agree that with their Oct statement of 50/50 water/oil presumption there's room for improvement before the testing period is over.

Didn't they say 2 weeks or so for final declaration on flow? may be worth waiting before getting too stuck on this 100bopd initial no. imo.

No it was a tanker full of gold apparently ibug.

Doesn't appear to be a hazchem warning system in the US. Seems strange?

"Hazchem is a warning plate system used in Australia, Hong Kong, Malaysia, New Zealand, India and the United Kingdom for vehicles transporting hazardous substances, and on storage facilities." Wikipedia

Hard to sday with them still optimising production, bears will likely believe 50's too high bulls that 110 will be stabilized, built upon.

Very good news that they are to continue drilling imo. One more drill this year and a couple in Jan they could see 450-500bopd if this success continues.

You're probs right on todays action though as I'm holding too and my stocks do the same

Fromage has got to go through the "I don't want them to rise as I've sold" stage yet.

Will likely disappear around 30p (or buy back in).

Only read the first line but I like him so far..lol...

"Net zero is Net Stupid by virtue signalling idiots. Stop the boats!"

Its not half "my value" wiped out in the stroke of a pen its 12% if its utilized throughout the year and its bogstandard practice for LSE companies.

Only surprise to me is you really don't appear to know this stuff?

I am concerned (from pens gm report) that they may have issues at port that's hampering production/sales and would like them to have RNS'd if its so but standard requests from gm's don't scare me at all.

Isn't That normal fromage? Why should BEN be any different to the rest of the co's on the market?

Misinformation like that makes me wonder if you one of pen's reported alter ego's?

Not much to fear with this co regarding placings.ie:-

No Discount and warrants at a large premium

04 April 2023

The Company has today raised total gross new equity proceeds of £0.4 million by way of issue of 13,333,333 new ordinary shares of 0.5 pence each ("Placing Shares"), to existing shareholders, at a price of 3 pence per Placing Share ("Placing Price"), being Friday's closing bid price as reported by the London Stock Exchange (the "Fundraising"). Subject to shareholder approval, each Placing Share shall have one warrant attached to it giving the holder the right to exercise the warrant into one new share of the Company by paying a warrant exercise price of 5 pence per new warrant share at any time in the next two years

Following Admission of the Placing, the Company will have 165,751,348 Ordinary Shares in issue,

Followed by the more impressive investment at a 35% premium with warrants set even higher which pushed the sp up c. 35%last month.

03 October 2023

Strategic Investment

In support of the collaboration, MBD has agreed to subscribe directly for £1,500,000 in new equity via a direct subscription (the "Subscription") at 3.5 pence per new share (the "Issue Price"), being an approximate 35% premium to the closing bid price of 2.6 pence on 2 October 2023

That along with their tendency to win their court cases would seem to be one of their strong points.

Having a look today as well, 840B's/day with a 50% watercut is still pretty good for the marketcap imo.

Will do some more reading of the posts and newsflow as new to the stock but looking into this one now its back.

"but if you are invested then we are in this together. you're welcome. "

doesn't feel that way penstock.

Feels like if we're in "your" telegram group we're fine but if we post here on the lse we're too lazy to go the the agm, *****'s (whatever that means) or schoolkids on holiday.

Full time carer myself for a disabled partner and older than I like to admit but what the heck you're welcome anyway.

Ground Breakers: Met coal prices are surging, and heavy emitting steel makers are giving it a long runway

Met coal prices are surging as tight supply meets increased demand from India

Steel making is responsible for 7-8% of global CO2 emissions, mostly from burning coal in blast furnaces

Researchers say new blast furnace construction could outstrip green steel developments 2.5 times over...

https://stockhead.com.au/resources/ground-breakers-met-coal-prices-are-surging-and-heavy-emitting-steel-makers-are-giving-it-a-long-runway/

From the above very bright future still seen for metcoal mostly China and Indian led.

Thanks BC, appreciated. Won't be selling on an anonymous and now deleted FB post but have sent it to Adam and asked him to address it if true.

Seemed the best course of action for now.

Sounds like a shorter. Genuine question anything known about anonymous to make it worth treating it seriously?

BEN showing hva at $280, HVB $238 still?

No I didn't Rob, can you expand on your post for those of us not in the know?

Haven't seen that one. Have you seen the anonymous post of BS that looked very positive if true?

Bit strange and no gushing posts saying the agm went well and the future bright.

Just hope Pen and Adam didn't come to blows over the bonus.

I feel like I've been scammed by this co.

The Polish deal was all but signed when I invested and was going really really well (from video interview at the time) then suddenly it just fell apart but never mind three of the four contracts that were said to be equal to last years revenue apiece (£300K ish) weren't reliant on the Polish facility, one was signed believe another was imminent. Where are they?

Wondering now (as I can't even sell this past 5 months on IG) if you can complain to the FSA that you've been "missold" an investment in the market?

Agreed generally kenj and hopefully they'll be told that by their LT holders at the meeting.

Should note that I posted I'd be watching closely what comes from the meeting before committing more funds not that I was piling in now.