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but don't just take it from strangers like me posting here. Listen to the podcast to hear it from the CEO himself.
https://audioboom.com/posts/8047128-midweek-takeaway-with-adam-wilson-ceo-of-bens-creek-aim-ben

15th March 2022 Podcast notes
· 21m resources mined by HWM
· 2.3m underground HiVolA
· Permit awarded to mine for HiVolA
· Stockpiled run-of-mine raw coal ready to be washed by the now operational washplant
· 2nd shift to be added to current HWM
· Sectional parts of 2nd HWM being shipped out by CDL drivers next month
· 2nd HWM most likely operational in June operating 2 shifts
· Conservatively 870KTpy HiVolB
· Conservatively 120KTpy HiVolA that will be mixed with the HiVolB to make HiVolB+
· Margin of $100 for conservative calculations but at current metcoal price is more like $200
· roughly $100m EBITDA but is more likely to be $200m
· Railroad undergone 1/3 testing phases. Final test in April to coincide with first offtake shipment date by rail.
· $6m CLN not spent yet as hoping to buy a neighbouring mine site similar to BEN complete with plant and infrastructure. In talks with multiple Companies to negotiate best deal.
· Cost of mining has increased along with fuel price hikes. Almost 50% increase but metcoal price increases have compensated for it.
· Company need to make £35m profit to pay 10p dividends. Hoping to do so end of the year.

If only doing a conservative 70KTpm using those calculations, then 840KTpa x$200 = £2.08 :) Better than the £1.55 I was expecting based on his previous calculations pre-metcoal price increase. Nice.

Happy Spud week. Drilling to 2000ft, casing and then on to drilling 8000ft for flow test. Should see a gentle 8% rise each day from tomorrow if the chump change sellers clear off. Need to catch up with the Australian and American investors.

I've been in since 16p and topped up all along the way, despite dumping at 19p originally when I thought we were doing thermal, so had to buy back in again at 21p. A lot of posters here are very excitable and jump on anyone they deem to be a de-ramper. I am in for the dividends with diamond hands having already more than doubled my original investment. When people start ramping expectations of high sp it implies they may be in-&-outers making the sp spike up fast and then fall back just as fast. I'd prefer a gradual rise on it's own merits to avoid panic sellers when the price dips. At the current 84p the implied 10p dividends are still a 12% gift.
The Company is great value at 84p and will be great value at £1.55 but try not to bash on LTH whom are happy with a slower rise and dividends rather than a quick pump and dump.

News awaits of acquisitions and operation updates. Possibly:
washplant in full operation reducing 80KT raw to about 40KTpm washed/processed HiVolB metcoal;
rail spur complete and first train arriving for FOB processed coal;
2nd HMW onsite, built and possibly being put into action to double output to 70-80kTpm washed;
Permits acquired for the 1200 acre site;
Additional acreage Leased of another redundant neighbouring mine site;
Additional washplant & MHW;
additional offtake partner at hedged current metcoal prices or a revised deal by Integrity Coal for everything we can produce;
Deep mine equipment for the 1200 site?
All speculation but any/all the above will add value to the Company and thus shareholders. Stay civil with each other as we know that BEN is the stock of 2022 with no sanctions. GLA & DYOR

Initial offtake was $270 but I thought it then went to a 20 day average of metcoal market price?

there's a link to Tgm in the facebook group for 'Bens Creek #BEN'

The Remuneration Committee control award of performance shares. The Company has done well to get into the US market but the sp has not faired well since the RNS about it (sp was 11.5p that day). When are results due on US sales as well as NZ/Singapore etc? Any plans for UK market? Think we could all do with a G&T this week.

So washplant will be operational first week March. Rail spur repairs due to be completed in that same time frame. 2nd HWM rig due to be operational April. That will see about 70KTpm washed metcoal shipped by train at 20 day average of near $335pT revenue less associated overheads. Fair to say about $8m profit per month. News due in 2 weeks to confirm washplant & rail and hopefully revelation of what the $6m loan and accrued revenue has bought us. Maybe Adam will throw us a video in a few weeks of the 2nd HWM being started up, the processed coal falling off the washplant conveyor and a CAT/JCB digger loading it into the rail hoppers. So slight delays to timetable expectations but it is all good as we are still generating revenue ahead of schedule

to be fair, Adam doesn't disappoint so I imagine the mining magazine blurb was just a target date for commissioning the 2nd HWM. With the rig onsite (awaiting confirmation of that) and a team to operate it then Adam is bound to get it pulling out 1000Tpd asap.

https://im-mining.com/2022/01/18/second-superior-highwall-miner-set-bens-creek-met-coal-mine/

Can the guys who sliced for MAST & KIBO kindly cash up your 40% profit there and get back in BEN please or you will miss the RNS party train and future divs! ?????????

$6m not £6m
currently getting $1m every Friday, so yeh $4m in February with 4 weeks, but $4.5m next month just to be pedantic.
If you scroll down a bit through the messages you will get a clue of what the CLN may be spent on for the BENefit of investors ;)

I get the excitement but don't get too rampy with the facts:

We are leasing one MHW and have bought a 2nd HWM due to arrive onsite by end of the week. No certainty that it will be commissioned immediately as will depend on how soon Mega can put us another contract crew together to operate it. I am thinking June is a realistic target for the 2nd rig.

We have 1 washplant that was undergoing testing this month to prove the processed metcoal meets Integrity's HiVolB requirements. We have not yet been informed of having acquired a second washplant.

We have one railroad where the rail spur repairs are due to be completed next week, hence why we have currently been shipping by road. We don't have a second rail yet.

We are selling raw coal as it comes off the MHW conveyor and loaded into the trucks as Integrity Coal are desperate for the stuff washed or unwashed. We get slightly less per Tonne for it but we started shipping last month so revenue has started 2 months early :)

Adam is conservatively aiming for 70K processed (washed) metcoal per month once both MHW rigs are in operation. So yes, a target of $84m annual profit target with 2 rigs. With just a low PE of 6 that puts the sp value £1.55

4 permits have already been issued for Alma No2, Lower Alma No6, Pond Creek No1 & Upper Cedar Mo5. Still waiting on mining and discharge permits for the MGC 1200 acre site (BEN2) but we are not due to mine that yet so no rush. That will be a deep mine producing HiVolA which will be mixed with the HiVolB of the current site to produce a higher profit as HiVolB+

The previous $6m loan bought a 1200 acre mine site and a MHW rig.
We are all waiting to see what has been bought/leased withy the latest $6m loan. We assume it is a neighbouring disused mine site complete with infrastructure and plant (washplant, access) and existing coal reserves. Maybe a royalty agreement with another site to take their coal to wash it and ship out. Based on how the CEO has invested previous BEN funds to the benefit of the Company and shareholders it is fair to say that in Adam we trust.

Adam has mentioned possible 10p dividends based on expected cash flow.

From 10p to 60p in 4 months has been great and as indicated above this is just a few steps up towards the landing where it takes an end of year dividend breather before climbing again IMO. With a 6xIPO value already it is fair to say some earlier investors may be slicing off some profits which is fair enough but they loose the dividends that go with those shares. If you can buy those dips well done especially as news is due once the negotiated deals for acquisitions have been signed.

DYOR & GLA!

Can just picture Adam Wilson as the new Indiana Jones hacking through a jungle of Kudzu to enter the Tomb of coal. Shame Google Earth and all the current photos and videos of Bens Creek & the neighbouring sites are clear of the weed. Maybe we should add a herd of grazing goats to the shopping list. Totally irrelevant post Fromage but hope you and your 6th form buddies had a nice trip listening to John Denver songs on your tour through the Appalachians.

So back to credible facts and the following week where we are waiting on news of plant repairs, warrants exercised, new acquisitions....another mine site? flame-thrower & some goats? another mining rig arriving onsite? Raw-coal being washed to gain a higher market price? Hoping Dividends don't get announced until After Q1 so I can fill up the ISA again first. Enjoy the rest of the weekend and don't get too wrapped up the knotweed.

Listed in October 2021. 6months from there is April so I assume that is H1 when we will see first financial results. October 2022 is 12 months at which time Directors are no longer locked in so can expect liquidity then and no doubt a simultaneous announcement of Dividends. EoY results and dividend date December 2022?
By H1 will have 2 HWM, 11200 acres (2 mines) a washplant and rail infrastructure plus whatever Adam has stuck in the shopping trolley with today's CLN.
That could be another disused mine with existing coal reserves, extra washplant, a 3rd HWM and a bbq for grilled squirrel.
As long as the sp stays <90p by H1 then I am happy to keep topping up as and when for the dividends.
As always this is only my opinion, DYOR.

I got jumped on months ago for making the same mistake. This is not the dirty thermal coal. BEN is extracting metcoal used to make steel. You really should do research before posting comments as your incorrect comments come across as a de-ramp. We have had a CLN before which caused a wobble at the time but was promptly followed by news of an additional 1200 acreage of a mine with existing reserves and the purchase of a 2nd HWM (HighWallMiner) rig to extract an additional 1000T of metcoal each day. The CEO, Adam Wilson, has kept us informed throughput this young stock's journey and told us that any further CR (capital Raise) will be for the benefit of the investors. Seasoned investors here know that we will be getting RNS as soon as next week about a new acquisition(s) to increase lifetime and profits for the Company. Please read RNS and watch podcasts and do lots of other research before investing or commenting on a stock. Most of us here have done so and have topped up as and when we can afford to. I'm here for the dividends and even if you have to pay 60p next week, the dividends will be worth it. Not sure what price we will be at by the new ISA date but anything <90p will still be worth spending £20K on IMHO. DYOR!

Last time AW got a CLN for the same amount he bought the lease for another mine with coal reserves on a 1200 acreage and bought a second MHW mining rig to double output & revenue.
What has he bought this time?
another mine site complete with it's own washplant and infrastructure?
a 3rd HWM?
.."if we have to do a CR it will be for the ultimate benefit of the shareholders" so let's see what he bought in the next RNS. WWTBOOTOTW!

volume bought is higher than volume sold and L2 shows more blue. So how has sp dipped? MMs trying to get sticky fingers to sell?

Is HUI involved here?
https://www.h2-view.com/story/innovative-takasago-hydrogen-park-to-be-developed-by-mitsubishi-in-japan/