Member Info for penstock

First train is on 23rd May 2022. Last time I checked that was a Monday.
You already tried saying I was wrong about the HWM doing double shift extraction but the latest interview proved YOU wrong. Now you are trying to FUD again. Give it a rest. Sorry if you missed topping up below 80p but you have missed that train now fella. Go trade CGO instead, at least we can agree on each other's thoughts about that stock ;)

Whilst we won't get that additional profit this month, we will on the subsequent 3 trains using the 20 day average. That $30 uplift per ton will add $1m profits to those 3 train runs (36KTx30x3). Makes those Dividends more of a certainty by Christmas if not sooner. From what Adam said, we just need to reach £35.4m profit to make that day a Dividend Announcement date.
August with 2HWM on double shift plus a deepmine rig should produce minimum 82.5KT per month washed HiVolB+ metcoal. 82.5KTx this new $230 margin = $18.975m monthly profit = £15.24m
So Div Announcement could be end October with Payment Date before Christmas :)

James..April 29th you cashed out!!
Whats the matter? Did you miss buying back in during the 60s & 70s? Happy for you that you made profit but no FUD is going to stop the train now. Everyone had a great opportunity to start a BEN investment or top up over the last couple of weeks as BEN was flipped between 64 and 80p. All the news and repairs may have been a bit later than we expected and that has played into the hands of the doubters and traders, but we have still been selling coal in the meantime. I am invested here and have been topping up without cashing out to do so (actually that is a fib as I cashed out OEX to top up with BEN at 69p last week, but I was not a fan of oil anyway and that stock has some serious FUD!).
So yes, I am biased on BEN, but I am in big profit so could easily cash out and walk away or try my hand at trading it like you but I don't have that skill or disbelief in the stock. Only need to look at other new coal miners and realise how well BEN has done in 7 months. Yes the sp rose crazy fast, perhaps too fast, but a nice slow rise back over £1 and then steady away will be nice.
Adam has repeatedly said that if you want to go see it for yourself then you are welcome to visit the site. If you do, then please post a photo on facebook. I hope to get respite to fly over next year paid for by dividends.

? 3 rail shipments booked for this month starting on Monday, each loaded with 12KT HiVolB metcoal. BEN get roughly $200per short ton profits. 36KTx$200 = $7.2mprofit.
? The white HWM is now on double shifts extracting 80KT ROM = 40KT washed.
? Parts on the way to complete the build of the 2nd HWM which will go into production early June assuming permits land in time.
? 2nd HWM will be ramped up to double shift by August assuming those permits are in place and staff available.
? Underground mining of HiVolA will commence next week. This will be mixed in with the HiVolB as a top-up to produce HiVolB+ and maximise profits.
? Resources are due to be announced in 2 weeks by independent CPR firm Marshall Miller which is expected to be well over 20m tons extending LOM by 10-20years.
? Aiming for 1,000,000 tons washed metcoal per year with current acreage and infrastructure operating at $200 margin to give $200m EBITDA.
? Using a very conservative P/E of 6 gives $1200m. 354m shares. sp valuation $3.39 = £2.72
? Once BEN make £35.4m profit then Adam intends to Announce Dividends to shareholders of 10p. That means that anyone who originally invested at the IPO stage just 7 months ago at 10p will in effect get their investment back and still hold their shares. That means that anyone who bought shares at the closing price of 80p today will potentially get 12.5% back in dividends if they hold them till the ex-div date or more sensibly way beyond that date. Could be a nice Christmas award for both early and recent investors.
? BEN still have cashflow from the last $6m CLN as a safety net for any equipment repairs or purchases. ATH was £1.07 recently. Today we left the 70s as confidence has been restored and the FUD from shorters has been squashed. 3 days left this week to climb aboard before the train literally leaves the Creek next week!

Told ya so!
1st HWM in double shift production already.
2nd HWM in double shift by August.
1st train on Monday, next week.

Bigbadbob79 I am not wrong! Now quit with the scaremongering and lets get back to selling coal!

DropD -thanks for the real facts. 1st HWM is on double shift. 2nd HWM doesn't start until end June/July on single shift but will be on double shift by August. Original offtake agreement was for 22,000T washed coal per month on a 20day average market price. Integrity will now take more than that as there is a global demand for metcoal (for those new here, BEN doesn't mine thermal coal).
Coal does need to be stockpiled at port before it can be 'reclaimed' onto the collier ship but only needs to be there a few days prior. I assume it will be added as a separate batch to existing stockpiles of coal from other mines. Such colliers carry from 80KT to >200KT coal. I don't know what the delay has been this month other than originally waiting for the Railway Company to sign off the tracks as fit for purpose. Could be that it has taken 3 weeks to set up a permit schedule for the rail runs that cross Statelines and traffic. Be all and end all is that coal will be shipped out by rail this month.

Geez you guys are so fickle and nervous. If the first train loads up next week instead of this will it make any difference? No, just means BEN gets paid profits a week later. There was already nearly 30KT stockpiled washed coal at the site during the recent Roasters trip ready to be transferred by conveyor to the coal chute. The Creek is extracting coal every day on a double shift and washing it so that once the first train of 100 cars has been loaded and taken to integrity another empty train can come in and fill up. 100 hopper cars x 100T = 10,000Tonnes of washed HiVolB metcoal @ >$400pT = >$4m revenue per shipment. The MHW will be extracting 80,000T ROM = 40KT processed/washed metcoal per month. So 4 trains x $4m = $16m per month revenue. Now OK, that is revenue not profits, so take out costs at about 50% leaving $8m profits per month. June results will just show revenue since October and that costs are covered but no profit yet. A 7 month young start-up mining company with all costs covered, a cashflow and about to start making profit with the first HWM. I've looked at other existing mine and new mine companies but none have achieved this stage in the first year.
Roll on August with the second HWM already in production and being ramped up to double shift. Add in the deep mining rig extracting HiVolA metcoal. This will all >double June profits so looking at >$16m profits per month as of August? So August 2022-August 2023 looking at $192m profits = £156m annual profits! That is just with existing acreage and plant infrastructure. No doubt Adam will acquire more mine sites and more equipment to grow the business over the next 12 months as he has done already.
Using very low P/E of 6 gives £936m
354m shares
Based on that profit forecast = £2.64 sp valuation.
Now I am bound to have messed up the calculation somewhere or used too low a P/E but am sure you experienced folk can correct it as I know my prediction is erred on the side of caution and lower than your own forecasts may predict. As for this year I personally am just aiming to get above £1.55 and I'll be happy.
Adam has said that once we make £35.4m profits we will get 10p dividends. So if you bought at IPO you in effect get your money back.
I must admit the dip last week had me bit concerned as I had to scramble to sell other stocks in order to release funds to top up with BEN. I don't understand today's dip but would seem that it is just the scaremongering about the train date that is causing loose hands. We are certain the train is loading up this month, albeit a little delayed. I am envious of anyone with funds to top up today but well done if you have done so. This may well be the last day of the 70s but still got a couple of hours, change of sentiment, appreciation that the train IS booked and 4p to go.. Maybe those VAST day traders will pop back just in time before the train leaves, or should I say arrives.

Are we just shipping out the 20KT stockpile of washed coal this month or that plus the 40KT produced by the double shift rig? At 10KT per shipment that would be 6 runs. 3 a week? Probably bit optimistic but it is doable as rail is apparently already signed off

The whole market seems to be down today unless you like POG n CLON. Fed interest rates apparently. Gobbledygook to me. As for BEN, coal continues to be extracted and washed ready to drop down that shute into the rail hoppers. What is HiVolB metcoal price today? Was about $270pT in October 2022 when BEN was born.

Gonna need 2 trains to haul the 20KT stockpiled washed coal and maybe more than 2 next month as the 1 HWM operating double shift will be extracting 80KT which washes down to around 40KT processed HiVolB metcoal requiring 4 freight train shipments each month. Is the first train coming tomorrow or has one been already?Results out in June will show revenue so far for the ROM coal sales and show costs have been covered. Have to wait till eoy for the results showing profits from 2xHWM on double shifts producing 80KT washed coal each month and presumably at least 2 rail shipments each week. No wonder they needed to make sure the track repairs were done well and signed off by the rail company as fit for use before anything could be sent by rail.

All costs have been paid by the sale of Run Of Mine coal shipped out by truck since January. Just over 6 months old this start-up mining company will start making profits as soon as the first loaded train reaches the weighbridge. This isn't some small African shovel and wheelbarrow operation. This is American metcoal with an offtake partner wanting as much as BEN can give them. Take a look at the size of those trucks, washplant, loading bay etc on Bens Creek #BEN facebook...
https://m.********************430079908819706/permalink/518658053295224/

I hold my hands up. I predicted wrong saying we would be £1+ this week. Tend to agree that the Roasts are under cooked and tepid at best now. Should just get Adam to do his own podcasts and repeat that statement he made about the LOM being longer than 1 person's lifetime. An amazing fact that Kevin just ignored. I am suprised at the fall in sp today but it's a lth for me so I welcome all new investors joining the Ben train at this low entry price.

ah crap, I misquoted the RNS in my below comment. This is the bit I meant to copy and paste, although it is great news about owning rather than leasing the rail spur from MBU.
"The Company and MBU have agreed to terminate the administrative services and licence agreement with immediate effect."

previous RNS in January said:
a long-term distribution agreement with Republic National Distributing Company (RNDC), one of the largest distributors in the US operating across 37 states.
Under the terms of the agreement, RNDC will commence distributing to the on-trade and off-trade markets from MARCH 2022 across eight US states; California, Washington, Colorado, Arizona, Maryland, Illinois, Washington DC & Florida. These states have been experiencing rapid growth in demand for premium mixers and represent an opportunity for East Imperial to achieve a step-change in the scale of the business across the US. RNDC already provides distribution for East Imperial's best-selling beverages in California, which has experienced strong sales growth.
Following the agreement with RNDC, the US is expected to make up an increasing and significant proportion of East Imperial's revenues. East Imperial is actively seeking a US-based third-party bottling provider in anticipation of the increased demand and to significantly improve the efficiency of operations. This is a strategic priority for the management team.

So the Results don't take into consideration the sales from distribution that only started in March 2022 across 8 States in the USA. I would assume majority of the £3.4m placing money has gone in to setting up the Stateside logistics and bottling to distribute to those states and explore potential to distribute to the other States too. The Stateside sales and growth plans probably won't come out in RNS until July after a 6 month build up. The sp is 50% down today from the day news was released about the Stateside agreement. Time to feel down the side of the sofa for some top up change.

BEN is growing up so fast and going it alone, but thanks to MBU for all the initial investment that made it all happen.

The Company and MBU have agreed to terminate the administrative services and licence agreement with immediate effect. Further details of this agreement can be found in the Company's admission document dated 13 October 2021 (the "Admission Document"); and
The Company has purchased, from MBU, the membership interests in Ben's Creek Rail Land LLC, an entity which holds the leasehold interests of the land beneath the rail track operated by the Company, which is owned by Ben's Creek Rail Holdings LLC, a wholly owned subsidiary of MBU, comprising of a 3.2 mile rail spur. Bens Creek have paid a nominal cash consideration for the purchase of Ben's Creek Rail Land LLC. Further details of the rail spur and the land is contained in paragraph 3.4 of Part I of the Admission Document.
Adam Wilson, CEO of Bens Creek, said: "Since our IPO in October 2021 we have made really significant progress. We have re-opened the mine and commenced production of metallurgical coal. We have signed an off-take agreement and completed the necessary repairs to the rail spur. It is therefore appropriate that we now develop our independence from MBU. The prior investment made by MBU has enabled us to take the early significant steps required to enable us to reactivate a dormant mine to one that is now producing metallurgical coal. We look forward to them continuing to be a supportive shareholder."

Now we just need to find a solid CFO to continue the good work done by Raju

As per latest video interview recorded and posted on facebook today from the Creek, the first loaded train will be heading out in a few days. Will it be FOMO Friday tomorrow? Special Sunday Roast podcast will be a good listen.

? are bullet points

Sales up 62% over the year to £2.8 million driven by the lifting of Covid-19 restrictions in the second half of 2021 across key markets as well as growth in off-trade and Direct to Consumer (DTC).
? Strong balance sheet and cash to fund further expansion through 2022. Net cash of £0.3 million as of 31 December 2021 and £2.2 million as of 31 March 2022 following £3.4m placing in January 2022.

Strategic Highlights
? Significant new distribution agreements signed including SUTL Group in Singapore and the wider Indochina region, Leung Yick in Hong Kong and Republic National Distribution Company (RNDC) in the US (signed post period end).
? New supply agreements reached across Australia and New Zealand including 245 Dan Murphy's stores, one of Australia's largest and most-respected alcoholic beverage retailers, Woolworths New Zealand and Foodstuffs, New Zealand's largest supermarket chain.
? Successful new product launches including a popular can format as well as the release of Coffee and Tonic, the Company's first entry into the rapidly growing cold brew coffee market.
? Further progress attracting top industry talent including the appointment of a new Head of Sales in the US.

Tony Burt, Founder and CEO, said:
"I'm delighted with the progress that we made last year and in particular the popularity of our premium product range among existing and new customers.
"Clearly the pandemic created some exceptional challenges with much of the on-trade market still shut for large parts of last year. However, we experienced strong growth in the off-trade market, benefitting from a number of new supply agreements with major retailers, and as the on-trade market began to open up, we've been very encouraged by the level of sales.
"We raised a further £3.4m at the start of this year to increase the pace of expansion, particularly in the US where we see the fastest growth opportunity. Our recent distribution agreement with RNDC, a major US distributor, was a huge step forward in our US strategy and we're excited about the opportunity to make a step-change in sales as a result.
"We have been encouraged by trading so far this year and the progress we are making against our strategy. Like every company in our industry, we are having to manage supply chain headwinds which are impacting costs. However, we do expect to mitigate this impact through greater operational efficiency this year.
"Today, the demand for 'premiumisation' by consumers continues unabated and underpins our strategy and the long-term opportunity for East Imperial. I am confident we have the platform, the team and the resources to become the most admired premium band of mixers and create a highly valued company for our shareholders."

need to just search for 'Bens Creek #BEN' on facebook as link is not permitted here apparently

videos taken by Phil (Sunday Roast) from the Creek today can be seen on facebook. He told the guys in his Ben Tgm group that it was OK to share on other platforms to get the word out.

https://www.********************430079908819706/posts/514323573728672/?comment_id=514331833727846&reply_comment_id=514335350394161¬if_id=1651698516084599¬if_t=group_comment_mention