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K3VMC, by placing shares I assume you mean the pre-IPO 10p shares as you said that you were inside? WHI (250K) or Allenby (118K)? The other placing was August last year at 30p. There was no placing since AFAIK as it would have diluted above the current 375m shares.
My question was asking who the ii were whom bought MBU's 22,222,222 shares yesterday. Or is that inside info? If not it would be good if a city broker can disclose the names and if those ii were pension funds or whatever.

K3VMC, Are you at liberty to let us know the names of the ii whom bought in large volumes from MBU? If so, it should instil confidence in BEN from the doubters.

actually that was probably a sell. I can't see yesterday morning's buy prices on here. Even so, last night's closing price is a trader's gift

what was that at 16:17:54 then? Seriously, any point in your post? Did you miss buying yesterday too?

Geez dog, when I said DYOR I meant scroll through all the answers in social media/RNS etc, not come back here trying to spread false fear.
The Cat trucks that were sold recently were the repaired old ones that came with the mine originally. We didn't sell any of the new Komatsu vehicles.
At 40KT sales per month the Company are profitable. As for what the profits will be at 70KT you should scroll down this board to see what margin I worked it out to be or use the broker note to create your own calculation which may well be more accurate if you are a clever person with accounting skills. Or wait for eoy report.
Broker report was based on HiVolB at $255/T but I think it is around $285/T now. This time last year it was nearing $450/T. I doubt we see that again but should see $300 IMO.

The information is all there if you do your own research.
GL all LTH and new investors. As always when the price drops low enough to attract day traders some will pump and dump. Guessing you bought at 18p and flipped with a 10% rise, but now want back in again at a lower price. Well done but this ain't going back to 18p again. Better to buy and hold at least until Ben's reach full production and offer dividends IMO.

Oh and yes Bridgedogg1, in answer to your question, it is worth you doing some, let alone more research! Hope my previous reply helps you with that.
As for figures, you can scroll through old posts, reports, research broker notes and market prices to find them out. Do Your Own Research! DYOR.
I said a couple of days ago that 20p will give you chance to flip for 20% if you sell at 24p. If you miss that price by the opening bell then hold for 30 or show some faith in the research that you ho away and do now, and hold at least till dividends are announced.

Financing the yellow iron fleet owned by BEN worked out cheaper than paying JMAC contractors to use their fleet and meant the vehicles are available for use 24/7.
A condition of getting a more favorable deal with Mega for contracting them to supply both HWM and options in future for a 3rd was that Bens get the 20HWM offsite.
There were shortfalls in revenue last year being that the washplant and rail and other machinery needed putting right before coal could be mined and sold. JMAC and Mega and other staff needed to be paid. Loans were taken out with hope of increasing acquisitions but as the coal prices fell after Ukraine invasion, permits to mine didn't get passed as quickly as hoped (that was a bit too optimistic by the BoDs), the money had to be used to pay bills. Now Bens have permits, mining taller seams, have ability to mine where and when and as long as they want within the 299acre permit, have NS sending more trains for the fast flood line-out, have ability to use their own dozens to pick up and load the pitcoal, CM to pull out HiVolA, 71HWM to pull out cleaner HiVolB than the previous site and are expecting the 77HWM to start mining this month BEN is fully financed and in to positive profit making. 5 trains filled last month (54KT).
MBU set up this business with Adam. If there was no MBU there would have been no Bens Creek. They (not BEN) took a secured loan out to borrow money from Bluestar using their own shares as collateral much like you would put a charge on your house deeds to take out a mortgage. Institutional Investors have been weary of investing in BEN due to the large controlling holding that MBU have and that BEN were not profitable enough last year to pay dividends.
Now Bens have got strong name institutions wanting to invest based on broker notes/onsite inspections/ confirmation of train shipments/ increased production and indications of revenue & profits being made. MBU sold that row of ducks to free up some cash from their shares, not from BEN's account. In so doing they have brought in strong ii and encouraged more to join.
In so doing the sp can and will now rise which will make MBU's remaining large holding of BEN shares worth more and ours too. Sell 22m at 18p when the sp was 24p with no chance of rising, in order for the sp to rise to 86p. Not bad if you still have 190.5m shares left ;)

Would have preferred that they had sold down such that they are left holding <50% but at least we should have some institutional investors now realising the future prospects of BEN and the imminent increase in production and subsequent profits and divi announcements later. And some new PIs with the same optimism.

I agree MBU sold for cash but I also assume that they realised that the only way the massive remainder of their holdings would go up in value is if they sold down to a smaller % (below controlling majority) to attract ii. So sell a few million they had at pre IPO price for 18p and make the other 100 odd million worth 86p+ ;) and get to reap the dividends from them too. Very smart. GLA

Mad innit that the sp only needs to go to 24p for a 20% profit if bought today. And that even just a 2p dividend would be 10% at the currrent Ask. Opportunity knocks and it looks like BEN on the doorcam.

The LTH here realise that MBU selling down their majority holding/voting rights will make the stock more attractive to institutional investors. 54KT coal sold last month. 77HWM news, a TR1, written confirmation of last month's 5 trainloads and progress on the bench clearance/pitcoal mining on the other side of that Wildcat Mountain should indicate that BEN is ontrack to become a 960KT/yr clean coal producer and dividend payer.

Just like that sale of 22,222,222 shares, BEN seem to have all their ducks in a row ;)

Welcome new investors, be sure to join the Tgm groups and facebook and check out the coalminingusa.com website that has been a great tool to showcase operations at Bens Creek to potential iis.

For new names here, we have 1x HighWallMiner (HWM) , an underground ContinuousMiner (CM) and surface dozers all mining on double shifts such that 5 trainloads (54KT) clean HiVolB+ metcoal was sold last month. A second HWM will be assembled and start mining this month to increase production to push production towards near 80KT/month metcoal. Hope to be in full production by Easter although summer would be a more realistic target date as the onsite fastflood loadout facility used by Norfolk Southern (NS) depends on them sending enough trains. GL and as always DYOR.

calm down calm down! lol.
A big sell means the largest holder will reduce their controlling % and make the stock more attractive to iis.
The sp dipped below the 20p I mentioned a few days ago but that is OK. Feel sorry for anyone with a stop loss that got executed but welcome to all those investors whom were waiting at the sidelines for a great opportunity.
No doubt we will see a TR1 from Mr Iqbal and from a new buyer(s).

No force majeure. Everything is doing just fine at the Creek so put your paddles away and stick your dummies back in, lol. Now BEN's sp can start heading to real value. Come 14th February investors may well fall in love with this stock. Come Easter some may be buying Faberge eggs ;)

If all the sections of the 77 are onsite and the crane is too then it only takes 2 days to assemble. Am not aware of it all being onsite yet though. Give it another week ;)

10p divi when at £37.5m profit....
Maybe.
4p December:6p March?

Just hopes at the moment until we read: the figures eoy (31March); that the 77HWM is adding another 35-40KT clean each month; that 4/5/6 or even 7 trains are being filled each month; that HvB prices are >$250 maybe even 300/t; a TR1 of new buyer(s); permits etc

tbh 25p or 20p, makes no difference. Until the BoDs prove to the big investors that they are selling enough each month to make positive profit and pay dividends there is just not enough volume of buys to pull the sp up. 20p would be a short term good thing to get new investors in, but if figures are not released before Easter then the day traders can just flip between 20-25p or even 25-30p and get themselves 20% profit. Mad innit.
54KT sold last month and another HWM on the way to push production to a potential 960KT-yr but nothing in writing yet about sales or reason for that HWM delay (even though we know it is because they are pulling out pit coal off the benches for free) so investors seem to be holding off.
Are the BoDs doing a roadshow anytime soon or just waiting till they get to full production and NS are seen to have enough faith to provide a consistent 4 or more trains each month? Re-evaluation of the company at Easter? tbh if I wasn't invested already then I too would probably wait for either the sp to drop to 20p or for official news of those 54KT a month sales.
I'll get a bashing off my Tgm group but it is just my opinion and just want to show I am not just about pushing this stock. I know they filled those 5 trains last month but until the market know it for sure we bob around here at 24p. My Tgm group told me that PR is a waste of time as it is only used to attract pis not iis, so fortunately this post should have no effect on the sp. If they are correct then an official report on sales would do well now, but guess will need to wait until 31st March :/
It has been a seemingly long, boring wait for the price to go back up, but that is only really because it shot up so fast in the beginning before that Ukraine invasion & £6m dump by JS followed by others. Having spent all of last year learning about Bens and mining in general I am content to remain a lth in hope that Adam does achieve that 960KT-yr target this year and pays dividends. I had expected it last year, but can't believe every thing you hear in an interview apparently. I do expect it this year IF that 2nd HWM starts mining in double shifts by summer and HvB prices stay above $250/t. Not 10p dividends but I'll take even just 2.4p divi at a 24p sp any day (10% divi?) although expect the sp to be over the WHI broker's shout of 86p by Crimbo ;)

Millie987 you clearly haven't read the items I listed as per page 6 of the broker report DCF.
Operating cost is between $69-81/t
There will be a big capex this year as we bought all the yellow iron, but at least we don't have to pay JMAC to contract it anymore and we can operate it when and where we want without a contractor foreman saying no.
I also included royalties that you said I hadn't.
I also included tax costs that you said I hadn't.
I welcome criticism of my accounting as I am not an accountant, but that isn't an open invite for you to post blatant fibs to try and make out that we aren't making profits. I still stand by Operating profits for 54KT as being $5.8m but I do welcome a professional accountant to post up their own version of a DCF based on WHI formulas.
Looking through your past posts on BEN it seems you haven't anything positive to say about BEN which is fair enough. I don't always post positive stuff about BEN but those of us invested should be practically celebrating the sale of 54KT clean coal by 5 trains, albeit 1 had to be trucked to join the CSX that doesn't have use of the spur, just 1 year on from when we had to sell just a few ton of ROM by truck.

As I understand it, realisation charge is for coal that has been sold but not paid for yet. So actually for one month there might not be one. It probably only applies to end of year sales? Happy to be corrected if I am wrong.
Guess the sp won't move up until RNS is out with written proof of sales and 2nd HWM. Only a couple of weeks then?
Or maybe a big fill order is being worked or is that too rampy? lol

Based on WHI's broker report DCF figures then I get it to around $100/t
Am happy to be corrected by any accountant pros out there as I declare I am just a layman applying school maths to work out what cost or % of revenue the figures are to deduce profit. Just broke down the formula from Page 6 of that broker report. There was around $10m debt last year so one more month like January could clear that IMO. That does seem a tad rampy/optimistic but if it is correct then WOW! Come March into positive profits...?!

"4 NS trains (44KT) plus 1 CSX train (10KT) makes 55KT sold this month. Rock on! \m/,"
Clearly my maths was off last night. 44+10=54 not 55. My bad. A difference of $100K profit. Small potatoes, small black rock hard ones.
No RNS this morning which is of no concern as we have good ol' Luther singing songs in West Virginia on facebook to inform us of train numbers. Someone buy Mr Iqbal a bigger hammer so we can fill 6 trains this short month ;)

54KT @ say $260/t = $14m gross revenue; $2m realisation charges; $12m net revenue; $3.8m opex; $0.3m royalties; EBITDA $7.9m; tax $2.1m;
$5.8m operating profit just in this one month of January with 1 HWM, 1CM & the surface drivers loading up the pitcoal.
$5.8m profit Give or take a few hundred grand, lol.
Next month the second HWM will be mining the new large seams. The 77HWM, a bigger HWM300 unit than the current 71HWM. Filling 5 trains in one month (4xNS and 1xCSX) is some achievement. Well done!
RNS in the morning? Or just wait until the 77 is brought in to take over on the new benches?
Hope that news of the 4th NS train in January cheers you up JohnHenry ;)

4 NS trains (44KT) plus 1 CSX train (10KT) makes 55KT sold this month. Rock on! \m/,