Member Info for penstock

Shareholders who wish to ask a question of the Board relating to the business of the AGM can do so by

submitting questions in advance of the AGM by email to investors@contango-holdings-plc.co.uk. The Board will consider all questions received and, to the extent practicable, answers will be published on the Company's website or provided direct to shareholders.

https://engsolve.com/energy-from-waste/
mentioned in the tgm group
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from plastic, announces the acquisition by Powerhouse of 48% of the share capital of Engsolve Limited (“Engsolve”)

So, the next pending acquisition that Adam has alluded to .... will it be paid for using the revenue that has started coming in each week from Integrity Coal? From the remaining funds of the CLN? A new CLN? Or a placing raise? If the acquisition is to extend the acreage to stop other mining companies getting them then that is good. If the acquisition is another MHW rig to treble the current coal extraction/profits then that is good. The last CLN caused a temporary dip, so start looking down the sofa for when it gets announced. This Company is run by a CEO (Adam Wilson) who keeps investors informed all along the way and never fails to impress unlike the CEO of CGO (Carl Esprey) whom is never seen and seldom heard, especially in Kenya ;)

Goodbye 30s, hello 40s

Imagine what a photo of the freight train being loaded up with washed metcoal will do to the sp in a few weeks.
Metcoal rising prices. Every $1 rise = an extra $1m annual profit to BEN!

15:33 O&W
I posted my calculations before seeing the proactive video. I based it on archived podcasts where we were to get the 20 day average metcoal sale price less $115 MHW contractors fee. The current offtake is at a discount of that washed price but for the rawcoal. Seems from the latest video interview that if $303 is the 20 day avg per short tonne, BEN only get $100pT profit. Like you say, it is still good and cheap at <40p.

currently £129m mcap.
with washplant and rail running next month, 1 HWM rig will extract 80KT and process it to 40KT each month.
2 rigs = 80KT processed metcoal each month
current metcoal prices are $335mT = $303.91sT
80K short tonnes monthly washed amount is worth $24.2m gross
Profit about $15m monthly or $180m per annum = £132.8m
So let's look at that mcap value...
£132.8m profits with 353m shares gives 37.4p earning per share which is currently about P/E1.
If we work conservatively on P/E4 then the share price should be 4x 37.4 = £1.50!!

OK, looks like I best pay 37.5p before the market wises up and rerates this to a £516m mcap Company!

typo, double extraction to 2000T per day not 1000. So $2m profits each week

Put in a Trade Plan Buy Limit Order to top up at 36.5p but no chance of that now.
BEN increasing assets; generating $1m profit each week from it's current rig 2 months ahead of schedule;
bought a second High Wall Miner rig that arrives this month to double extraction to 1000Tpd and thus double profits.
Still chance to take advantage of the dip before 40p next week when the washplant is up and running and the profits increase even more.

https://fb.watch/aXuirt5oo1/ worth a watch even though from last year. Steel is in big demand. Steel needs metalurgical coal. BEN only mines this metcoal.

seemed clear to me. I said I have a limit set to buy any dip at 36.5 and losealot said his was 36p. You guys need to stop jumping on posters you think go against your agenda. You did it to me when I first posted on this group. I try to post the positive aspects about BEN (can't see any negatives yet) but you guys come along and kill it.

Just a recap of the RNS for new investors whilst MTL stays under the radar.
Record gold sales in FY2021 of 72,447 ounces (FY2020: 68,510 ounces).
Record gold sale proceeds in FY2021 of US$129.8 million (FY2020: US$122.1 million)
Net debt decreased as at 31 December 2021 was US$98.9 million (30 June 2021: US$106.2m, 31 December 2020 US$120.4m). Strong cashflow generated from operations has enabled accelerated debt repayments, putting the Company on a stronger future footing.
Positive free cash flow of US$10.1 million in Q4 2021
FY2022 Production Guidance: Gold production: 67,000 - 71,000 ounces. AISC: US$1,275 - US$ 1,325 per ounce.

Got a Limit Order to top up at 36.5p so keep selling please ;)
Terrible stock this, over delivering; increasing assets; generating $1m profit each week from it's current rig 2 months ahead of schedule; they even bought a second rig that arrives this month to double profits. Dang, slow down or I'll miss the dip and I'll end up paying over 40p next week.

ah oui, mon error. Je m'excuse.
Anyways, this ain't 1661. Things changed in 1864 in Virginia ;) 40 hour week mining seems fair to me.
Will have 2 mining rigs and hopefully 2 crews this month too = 2000T per day.

As BEN is now cash generating ahead of schedule and it's coal being sold as soon as it hits the ground off the MHW conveyor belt then I presume that Fed rates/ Ukraine/ #10 birthday meetings etc have zero impact on this stock. USA & China gonna keep making steel. Steel needs metcoal. Ben has 11200 acres of it and a second mining rig is arriving later this month to double output and double profits. One rig extracts 1000T each day. The sale price of metcoal has been increasing each month. Every $1 increase = $1m extra profit per year to BEN. If metcoal just goes up by $3 a tonne Adam can buy another MHW rig outright with that uplift alone. Amazing future this company. The washplant is expected to be tested and operational later this month to increase the offtake price. By then it will only be 4 months since the first day of Admission to LSE trading and yet is already exceeding expectations/timelines/revenue. This one is in my ISA as I wouldn't want to be paying CG when I come to sell this in a few years time. Why not selling earlier? Dividends! 10p which at current sp > 25%!!

(For all new investors reading: This is not the dirty thermal coal that has been banned in many countries. Metcoal is used to make steel. I made the simple mix-up mistake when I first read about Ben's Creek last year, but the 'friendly' crew on this board jumped all over me pointing out my faux par. Glad I didn't take offense to the name calling and after bit of research invested in BEN. Have topped up as and when the sofa gives up spare change. Regret not having any to take up the dip today).

So another week gone since first shipment. That's another $1m profit and we weren't due to start generating revenue till March. Nice one Adam!

looks like they're clearing a new access for the continuous miner with retractable conveyor to be brought in and setup. The shaft is already well under way going by the video/photos posted a few weeks ago of the to-you-to-me boys with their shovels and a 16sqm hole in the ground.

9th February AGM
Got any questions, send them to investors@contango-holdings-plc.co.uk. "The Board will consider all questions received and, to the extent practicable, answers will be published on the Company's website or provided direct to shareholders."

Mali: Gold
Zimbabwe: Coal for the steel industry

Still on for first coal production in 6 weeks. News to come of offtake partners and update on the 2Moz gold Garalo-Ntiela Project Area

I think it means part payment as in received 10 days after shipping for only partial part of the month (January). 8.8KT = about $1m profit

We had news a few days ago about a 2nd HWM being purchased & first revenue being paid a month or 2 earlier than expected at full wash price despite only being raw. Despite that epic news the sp dipped and looked like shorters were closing as this has to be the last week of being below 40p, surely?! As the sp rose it looked like a short squeeze but was in fact the likes of MBU and JS topping up large volumes in anticipation of a bullish session next week where the mcap will get nearer it's true, higher value.

All aboard for the next stages...first revenue confirmation (next week), washplant tested (end Feb), 2nd HWM rig onsite (mid-Feb), rail spur completed (March), double output/revenue once 2nd HWM is operational, application for mining permit including NPDES permit for the MGC site (1200 acres deep mine), further redundant neighbouring mine acquisitions, 3rd HWM...

This is like an epic adventure movie "Ben1 -Lower Alma" followed up by equally exciting sequels "Ben2-Pond Creek", "Ben3-MGC goes deep"....directed by Adam Wilson, Raju Haldankar, Robin Fryer & David Harris. Get some popcorn and enjoy the show!

Is it this Sunday that the Prof is updating us via the Sunday Roast podcast?