Member Info for penstock

According to the Bank Holiday podcast, the PR Roast boyz are meeting Adam Wilson (Ben's CEO) tonight and heading down to the Creek tomorrow. They will be able to first hand give us all an update and we might see some photos of the much talked about train loading up washed coal. Check out the Roast twitter/BENS Creek Group website/Tgm/facebook towards the end of the week. No doubt full interview will be the Sunday Roast podcast. Kevin usually gives a forecast of EBITDA etc so that should put us in a better position to understand the economics based on revised outputs of the current rig/washplant. Will be great if we can find out more about the deep mine plans and confirmation of the 2nd HWM rig commission of operation date (June?) and if it will go straight into double shifts like the 1st HWM rig. Clear the shorters out and get those all important revenue figures out so investors can work out their own mcap figures to see how they compare to Kevin's. Roll on Christmas when the original expectation was just £1.55 with just the 1 rig and site.

No point bashing each other here. Most of us including Cappy have been here since the early days of BEN. Insults from people with just 1 post seem very Fishy. DYOR but don't turn this friendly board into one of those OEX/UJO types of places. We are metcoal, not oil. Civil folk in West Virginia. Have a great day and GL y'all

https://thedieline.com/blog/2022/2/16/east-imperial-instantly-stands-out-on-the-shelves?

This board used to be very friendly and we all got along with each other enjoying the interviews and the rise in the sp.
A few of the original investors have made great profits in 6 months (10x their original 10p or thereabouts) and understandably have cashed out either totally or just the profits and leaving the rest in for a free ride. They have admitted doing so here or in the Tgm groups and I for one have bid them well and hope to see them in another BEN-type stock in the future to enjoy the banter or even back here again.
Since BEN reached it's monumental P10 status the chatboards have attracted new traders and unfortunately some of them have clear agendas to get a lower entry point. We have started bickering amongst each other. I may be naiive, but I hope that next week's video interview direct from the Creek restores confidence in BEN that hit a bump recently and we all get back to being as enthusiastic about our investment as we were at 10p, 20p, 30p....and £1.
The rail is signed off. The mine is doing its thing and generating profits. If the mining operations progress as we have been told then the main thing to stop us having a £1.50+ Christmas is the now known de-ramper names although I hope even they managed to get their cheap entry or top up and can now chill out with us here.
As mentioned before I hold majority of my PF in BEN so am biased but I do heed any risks such as the recent panic about not getting coal shipped out on time. The real reason I got worried was that we knew some investors were cashing out having made a large profit, and that Adam hadn't made one of his enthusiastic interviews for a while. Yes, I know you hardly ever see other company CEOs do interviews, but had we not been spoilt by so many regular interviews in the first 4 months then I dare say we would still be at 40p. Each time, we learnt that the Company were making another acquisition or increasing offtake and thus profits. Roll on next week's interview so new investors can get a feel for why I invested in BEN and keep popping here every 5 minutes to share the buzz.

I am invested here as my main holding so perhaps I have some bias to wanting to prove that I have invested correctly. Whilst my ISA average for BEN is still 27.92p my average in my CMA has increased today to 40.39p due to topping up. I'm holding for the dividends so little dips don't worry me unless of course we go down <60p.
The full context of my message you took your snippit from was that if you have conviction and researched a stock then it is probably worth holding it and if you don't then flog it. I have done more research on BEN than any other stock and have conviction in my investment so am holding. Not a dead cert but so far in this 6 month journey we have had a few delays but each time the CEO has found a way to overcome them such as negotiating a deal to sell Run-Of-Mine coal to the offtake partner and 2 months earlier than originally planned. He has gained more acreage, bla bla bla, I've said it all in previous message so no point repeating it, you can scroll down.
I would have loved to have sold at £1.07 and come back today and bought a larger holding for 85p but I am not that clever. Well done to any whom have done so. Did I anticipate being in the 90s or even the 870s again? No. Did I expect people to sell in large amounts? No, but that is my naiievty for not knowing or realising that some traders aim for a p10 and then jump ship. Do I expect a p10 from today's sp? Yes, but not in 6 month. I do, however expect a rise to £1.50+ by Christmas so take a snapshot and come back in December to bid my family & I a healthy Christmas or if I have called it wrong then rub it in my face.
Look I really don't care if you buy or sell. And in hindsight I should not have suggested to hold for 2 weeks to see us above £1. I am not a fortune teller nor a trader. It is only my opinion that sentiment steers a price and if we get good news/updates on a stock it should lift the value and if news is stagnant then it falls.
On that note, the PR Roast guys have confirmed that the rail was signed off by AW. Whether or not both shipments went out by rail this month or if they are delayed till next and had to be trucked out, matters nicht.
Only invest what you can afford to loose. Should we fall to my stop loss I will still be able to recompense my family. I honestly don't get how we are in the 80s but I also think that once it is confirmed how much coal is being shipped that my family will all be in profit. My mum is in at 99.2p I think but my only regret there is that she didn't get today's entry point. Either way I think she will be in profit next month but that is the thoughts of an inexperienced trader with conviction.

East Imperial, the global purveyor of ultra-premium beverages, hereby announces that that there will be a short delay in the publication of the Company's annual report and accounts for the year ended 31 December 2021 ("Accounts").



Following consultation with its auditors, the Company now confirms that publication of the Accounts will be slightly deferred to allow more time to complete the audit process. In light of the longer lockdown periods in New Zealand, it now expects to publish these Accounts during May 2022, utilising the Financial Conduct Authority's (FCA) two-month temporary relief from reporting deadlines due to the impact of the Covid-19 pandemic. Such relief was updated by the FCA on 23 March 2022.

The sign off is done by Norfolk Southern themselves. The rail repair work was contracted out. As those contractors did not complete on time any penalty would fall with those rail contractors and it would be imposed BY Adam against them.

Would have been nice for Adam to confirm the 3rd and final sign off but the RNS was mostly to inform about the extra revenue generating acquisition of the neighbouring mine site on royalty basis using Ben's fully working washplant. Unfortunately BEN's PR guys telling investors to slice off the 'toppy share' on same day as the RNS was a crappy thing to do and sparked fear.
Chill Cappy, the dips are the early investors taking profits and nervous investors thinking something is afoot.
BEN didn't get to a £1+ on pumps although it may have started it's first 2 months like that. BEN has got to this undervalued price by:
extracting and selling coal 2 months earlier than planned;
buying a 2nd HWM rig to double extraction;
fixing the washplant, albeit later than planned due to waiting on parts and testing it to ensure it won't break down once volume increases;
leased an extra 1200 acre mine site of HiVolA metcoal;
signed a royalty deal to mine another neighbouring mine site;
the price of metcoal has gone up as has demand and thus profits, hence doubling the shifts on the MHW rigs.

Adam invites any investor to visit the site to see the mining operations for themselves. The podcast PR guys are out there next week I think (I dunno for sure as am not in their Tgm group) so safe to say that updates and photos/videos will come while they are onsite and may coincide with the big blue freight train pulling in to the Creek. Now a video of that would be awesome. Anyone got friends in West Virginia? Get them to pop down with a drone and take a video for us of a train with 100 hoppers, each filled with 100T of processed coal heading off to be made into steel.

This used to be a board of mutual enthusiasm and belief in our investment. If you don't have conviction in your investment then it is best practise to sell. If you do the research, read the documents, listen to the podcasts and video interviews, google stuff and feel safe and optimistic on what is to come then hold. Yeh, skim a few profits along the way or just hold them in return for dividends and future growth.

The price has dropped a bit but 88p was a solid base several weeks ago. IMO, hold for a couple of weeks once we get an update on things and if we are not back above £1 then maybe it is time to cash out. Only my opinion. DYOR.

sharelad, 12th April you said you sold all yours and wanted back in. Were you able to hold off till today? Great re-entry price.

read the last RNS. Train repairs have completed. Investors here are just waiting for confirmation that the Railway Company have signed off the 3rd and final safety certification and that the shipments have gone out by rail instead of by road. tbh all making a big deal about nothing. If the shipment went by rail this month or don't start till next it is no biggie. Main thing now is that the Railway Company can schedule a 100KT freight shipment of coal each week once both MHW rigs are operating double shifts

Dang running out of lifevests here, lol. All the best Doog58. Never would have envisaged being below 90p but at least now new blood can come in on the dip to share the next chapter in the BEN journey. All aboard...the coal train.

Absolutely makes sense for early investors to slice profits if they need the funds or find another stock that looks like rising as fast as BEN did. Also makes sense to leave your original stake in if you got in low enough as it is a free ride. I would just squander the profits and be forever kicking myself for not leaving it to grow with BEN, but that is just me. Well done for getting in early and watching it rise to 30p into 90P+. Hopefully you get to see your remaining shares reach at least £1.55 at the eoy which is what the forecast figures suggested with just 1xHWM, so possibly £2+ with the 2nd rig working although it is not due to start extracting for another 5 weeks.
The risk factor for me is that the deep mining project may eat profits which impacts dividends and those are the main reason I am holding as they will pay my lad's school fees. I hoped the 88p bounce point was left behind but it does seem that the buzz is lacking here now. All it will take is for Adam to take time out to film the train laden with coal or some revenue figures and it will be full steam ahead. GL with your next venture and your remaining 50% here kernow01

No shame in taking profits James. I probably should have too but I see the next 6 months doing at least 50% increase plus 10p dividends. I am rubbish at trading so I'd either invest profits in the wrong stock (I've done that too often) or end up with a new car that will just depreciate in value. I have a low average here but every confidence in BEN/Adam to do well.
Sorry you cashed out but glad you do so in profit.

would have liked those results to be released today to show Pacific sales and those of the new USA multi-state distributions. Was told a week ago that we will receive an update shortly so looks like sometime in May. Enjoy your long weekend and a G&T pouring one of a selection of award winning flavours of course ;)

The BoDs are locked in for a year. metCoal is being sold and in huge demand. There has been a slowdown on news and enthusiastic interviews, but there is no bad news. Ben's Creek is busy extracting coal and washing it ready for shipping and sales.
The Roast guys are currently visiting CGNR's Irish gold mine site and busy with their LIFT IPO admission today, but they are due to visit BEN's site next week when I assume we will get some PR updates and images of operations there including that all important freight train.

All the best James. I took advantage of the dip to get £5K at 89.66p and my missus got some a tad above that half an hour earlier. Now the whole house are in BEN, so hopefully they will thank me at Christmas, and Adam thanks us all too with those dividends. Hope you go on to find another stock that can do a Perfect 10 in 6months like BEN has. If you do, please let us know what it is and be sure to pop back in December to compare how those funds have done in comparison to what BEN's sp will be.

Nice thing about the BEN chat groups is that there is no de-ramping as any new names coming here to try and talk the price down are unable to find faults. We are open about the pros and cons and most of us whom have been here since the start of the journey, a mere 6 months, have openly discussed concerns or applause for achievements made by the CEO.
We have been spoilt in the first 4 months with constant news updates via podcasts, RNS and video interviews. Each time the enthusiastic CEO, Adam Wilson, has not only told us what is going on but also gone on to surprise us with new acquisitions that increase the LOM or rather Life of the business as we now have 3 mine sites...or maybe 4 ;)

OK the cons: in the past the washplant and rail were supposed to come online sooner. The washplant is a huge building of machinery that required repairs and parts to ensure it could be brought online to handle the large throughput of coal without fear of it breaking down due to rushing it. The rail was in the hands of an independent contractor and finally the Rail Company had to conduct their safety checks. As rail repairs are now completed according to the recent RNS and the first 2 safety checks were confirmed by interview we assume the 3rd and final test has been signed off. Adam told us that there were 2 contracted shipments of coal scheduled for April by rail. Now at the end of April it would be reassuring to know that the rail shipments have/are being made. If we can be informed of how many rail shipments are scheduled for the following months it will help us investors determine revenue/profit expectations based on each train freighting 10KT processed HiVolB metcoal to Integrity. A $6m CLN was taken out a couple months ago when the sp was much lower, to make another acquisition. Still waiting for news on what that is (originally told it was to Lease a similar BEN start-up site complete with infrastructure and plant) or if it will all need to be spent to start up the deep mining projects at the 2 contiguous sites. No details have been given to us yet about how the deep mining will be done. Vertical shaft or inclined drive in by Sandvik eLHD underground equipment? Have permits been acquired for both sites? Is the 2nd HWM assembled and will it start mining in June? By then will both rigs be doing double shifts? what output of ROM will they jointly extract? Are half year results due now so we can see current cashflow and work out forecasts?

The pros: Adam was able to negotiate an offtake deal early on so that ROM coal could be sold 2 months earlier than planned and shipped by truck until such time as the coal could be washed and shipped by rail, which we assume is being done now. We know for fact it is being washed and have seen videos of it doing so (videos on facebook).
We started with 10K acres, but that has increased to include 2 further sites to increase coal reserves and revenue.
We have 2 HWM (HighWallMiner) rigs now.
Run out of space to type now

Perhaps 200,000 shares bought at 10p IPO for someone's £20K ISA sold today @90p giving them £180K tax free. Nice! But they will miss out on £20K dividends at the end of the year should Adam come through with those 10p divs.

Definitely need reassurance of rail shipments etc. As Adam has previously said that he welcomes anyone to visit the site then the Roasters should be able to confirm rail operations without need of an RNS as it is non sensitive information, albeit essential for investors.

looking at those 180K & 90K sales and buys they all result in an overall 180K sell by looks of it. That is one hunk of change, but a strange way of doing it. Well done to the investor if they got that by investing 18K back in October. Hope that is all it is.

Is it today that the Roast boyz are visiting the Prof onsite in Ireland? Podcast to follow for Sunday or Midweek Roast after the bank holiday? They jetting off to Bens Creek next week?

has to be a big news day tomorrow regarding confirmation that those 2 contracted rail shipments have made it past the weighbridge this month. Gonna be a long weekend till Tuesday otherwise. That said, the Roast boyz are out there next week I think after their Guinness CGNR hangover trip with the Prof. So news this week or next to spur us back into triple figures and get me out of the naughty corner for telling my ma to start off her ISA with BEN at 99p. Just give it a week ma by which time we should find out everything is on track(s) ;)

https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-aleksandra-binkowska-ceo-and-howard-white-executive-director-hydrogen-utopia-25570eb/

Trifol has set the precedent in Ireland for contiguous land to be used for similar plant installations, hence why HUI have tagged on to them. So planning is more or less a given especially based on environmental impact assessment. Pour some concrete in the ground, get rid of plastic waste. Seems a fair trade off.