Member Info for penstock

According to Customs House they are due by 30th September. According to interviews Adam is thereafter going to release quarterlies. Last year we got financials on 30th August and Annual Report on 2nd September along with notice of AGM. Would be nice to get it all on Monday next week.

Maybe a placing at PRD but no placing at BEN since August 2022 and that was 30p. The usual rumours of a TO are circulating but any such TO would not be below that placing price. MBU sold to Avani at discounted price earlier this year realising it would remove their own majority controlling % which would have encouraged the sp to rally north. Unfortunately Mega's 77 screwed up and then the replacement 81 caused a cave in so here we are at 14p.

Both HWMs are mining again now so just waiting on another rise in coal price and the financial report to be printed to reach that 30p buffer zone.

Managed to do another cheeky top up at closing bell for just 81 shares to mark the HWM being back in the wall again. Cheaper than the 81 I bought yesterday for some reason despite the price of coal rising a tad.

Sorry I know my short info bytes usually turn into an essay. I see that my previous post ran out of character space. The closing sentence was saying that the End of Year results from 31st March 2023 are due by 30th September 2023. They were released on 30th August last year, so a bit of a shame they didn't get printed today along with the HWM mining confirmation etc. Mind you, we had a CFO this time last year ;)

There is no official facebook group. The unofficial facebook group was set up in absence of an official facebook/twitter/youtube last year as only people in the Roast Tgm group were given unique access to photos/videos from the Creek. Now there is an official twitter group and linkedin page for BEN where the latest videos have been uploaded. Facebook just gives a n additional medium to view and comment on. facebook//groups/430079908819706

Do investors need an RNS to confirm what was already 'expected' from the earlier RNS about the 81 recommencing mining when the proof is right there in video format narrated by Albert, the site foreman. It is on the above mentioned social media platforms, here on LSE, ADVFN etc. If investors have not heard the news already then they must be in a 'poxy' cave without wifi.

16 months ago Bens with just 1 HWM talked of aiming reach full production, 80KT/month. The sp spiked at that time to £1 but coal was $450/T. At the start of this year a second HWM (#77) arrived but needed replacement parts after assembly onsite which Mega was unable to source so it was swapped out with the #81 although Mega had to wait until that HWM had finished mining at a mine across the border in Ky coming to it's end of mine life. Only a few weeks in to mining, the 81's cutter head got jammed in an apparent 'geological anomaly' cave-in. The head had to be recovered by the #71 whilst the #81 had a replacement head fitted and carried on mining. MSHA came onsite and told them to shift 1000ft away from the cave-in site but that meant the 2 HWMS mining side by side quickly ran out of bench for both to mine simultaneously so the #81 was retired until sufficient bench could be cleared. Bens hired more earthmoving crew, purchased more trucks and the new 1250 Komatsu excavator with a 10T load bucket to clear new bench space much faster than they could just using the dozers. There are 5 seams in that wall giving Bens years of LOM. The #71 is mining Lower Alma C, the #81 mining Lower Alma A.

Had that #77 HWM300 unit been operational at the start of the year and had Mega avoided the 'geological anomaly' then Bens would already have been in full production and not required the buffer loans. It is clearly a good thing they were able to use the new non convertible loans to close the previous CLNs and purchase this new earth moving fleet equipment to ensure there will always be sufficient bench space.

They have both HWM machines working and will expect Mega to get them in double shifts asap to be in full production. Coal is not $450/T like last year but it is slowly creeping up and currently $203/T. Only RNS needed is the eoy financials to see costs using just 1 HWM so we can approximate costs using both HWMs and determine margins. WHI said 86p in full production at $225/T. That was before $21.57m loans and purchase of capex. Adam will no doubt confirm all machines are working along with a quarterly update at the foot of the eoy results RNS due

Videos on Ben facebook group show the #71 mining Lower Alma C and the #81 mining Lower Alma A.

"5 seams to mine, years to go!!

Finally both machines working !!! Full production here we come !!"

As expected! :)

Videos on Ben facebook group show the #71 mining Lower Alma C and the #81 mining Lower Alma A.

"5 seams to mine, years to go!!

Finally both machines working !!! Full production here we come !!"

As expected! :)

having undergone test inspections by msha last week the #81 has trammed over to the lower alma a seam bench to officially commence mining today. the video on ben facebook shows the 9.1m tall hwm300 unit tramming along to the new bench space. once in position it was lowered down to 8.7m high to commence mining. presumably this noteworthy occasion of the 81 back in the wall will incur a 7am rns on tuesday?

https://www.********************430079908819706

Bank holiday on Monday so although the 81 should officially commence mining that day, any RNS will probably land Tuesday. Good thing is more trains came last week.

News due in next few weeks: both HWMs certified by MSHA and are mining, 71 in double shifts, 81 initially just single shifts; eoy results from 31st March 2023; announcement of London AGM; new CFO; quarterly results; final payment for rail lease; confirmation all CLNs have been paid off; confirmation that the increased amount if earth moving fleet and extra staff will now ensure that both HWMs can be kept in bench with sufficient space to cover any future risks such as the recent 'geological anomily'; maybe some Directors will top up their holdings once they are permitted to do so after the results are printed; info about expanding the stockyard and other new permits. If PLATTS' price keeps going up now then each $1/T is profit.

Have a great bank holiday long weekend y'all.

Https://www.linkedin.com/jobs/view/3693682979/?refId=RaGxKvR%2Fh2aX7cUYpYUr6Q%3D%3D

Trojan, I have messaged Proactive as they incorrectly put 26th August instead of 21 August as date for the 81 to start mining again. The benches were cleared ready for the 81 last week so I ASSUME that the 81 is being manoevered into place and awaiting MEGA crew to arrive onsite and get MSHA approval for both the rig and staff and bench. I do believe it is no fault of BEN that we are 1 week off target of Adam's 26th June RNS. He probably should have said 'by September' in that June RNS or not given a date at all as government permits to commence mining can only be awarded once they have been able to inspect the bench with the HWM on it. The rig may well be on the new bench already waiting for the go ahead literally just one week from today. Luther is supposed to be buying a new camera so hopefully we get some footage on his youtube channel and he shares it with Peter Shea for Bens' twitter page.

Once mining it is indeed all about PLATTS' metcoal prices over these next 9 months till end of year and forecast beyond that.

i am just some guy who stuck all his money into a stock based on interviews and rns saying we would be producing 80kt last year and paying dividends. when it was evident that was not going to happen last year i started my own research via public access websites and social media. seemed only right/fair to share that info good or bad but it clearly ****ed off some traders. my only benefit was ego and to create a group of fellow ben shareholders to chat about the stock. my tgm group attracted toxic people towards the end. lot of absolutely nasty people play the share game. mostly people posting fake stories to pump n dump. the same people posting personal attacks on people whom dispute their narrative. don't believe anything written on boards or even rns without checking it all out via your own research. if my updates, good or bad, messed up your trade, tough! my posts have been factual since i stopped regurgitating podcasts last year. if you believe the company will do well (as i do) then this short term period is not important now that ben have the funds to carry them through the low coal prices and that the 2nd hwm is about to start mining again.

if that 2nd hwm gets pulled offsite and/or coal prices drop then things won't be so good.

not telling you anything you don't know already. do your own research as i don't benefit from telling you didly squat. if a company operate well and make a profit then it doesn't matter what we write here. these boards are just for opinions. wierd thing is that everyone wants some news but if i offer it i get blasted for it. and now if i don't it upsets people as my eyes are dry.

is there a ben tgm group now? if so, do they ask for updates? if you give them updates do they thank you or **** you off?

gl with finding your own info. i bear no malice on anyone. may whatever trades you do be good ones and may you not hurt anyone in doing so. if the company do well and our shares rise in price then we as shareholders do well at nobody else's expense. if the company do bad but we don't hear about it then who is to blame if we invest and the sp drops? would you want to know about it? yes. would you criticise someone for telling you? i wouldn't but some of you did.

ah anyway do your own research golightly.

Just for clarity, I haven't heard that the 81 is actually mining yet, but if I do I still won't be saying anything until there is an RNS announcing it. Keep an eye on the sp I guess ;)

Just that the 1250 has cleared double the volume of earth than they could shift with the 988s so benches are cleared and 81 can potentially start mining already. Best wait for the Company to announce when it starts mining really as I'm fed up getting blasted for letting cats out of bags. Suffice to say that the RNS gave mid-August timeline which is next week :)

Rob, yes China get it from Russia and they recently opened doors to Australia too but Chinese demand seems to be the catalyst for world coal price rises for some reason.

Indian demand is high which is where BEN's steel customer is. They are increasing production of metcoal within India but still rely on imported coal thankfully.

If China increase steel demand in September as expected then watch for how PLATTS & Argus HiVolB prices react.

Look at the market price chart of metcoal, overlay BEN's share price. Coal has been bearish. IF China restart an increase in steel production in September after the summer heat closures then prices should be bullish and BEN sp should follow it.

Obviously if coal goes south in September then that $21.57m loan will be used up till eoy :/

Place your bets, mine ain't on red.

"The reduction in MBU Capital Group Limited's holding in the ordinary shares in Bens Creek Group Plc to 21.27% from 23.78% reflects the transfer of 10m shares in the company to a long-term investor, Bluestar Global Capital Limited, under a commercial arrangement entered into during 2021. This transaction satisfies in FULL, the commercial arrangement entered between the parties."

IN FULL!! They no longer hold a charge over the shares :)

Bluestar now hold 6.23% whilst MBU/Mo' cumulatively have reduced to 22.1%

April 28th 2023 RNS:

"This order, through the Company's offtake partner, Integrity Coal Sales Inc., is part of a larger order to be completed by the end of July 2023. The customer has, post July of this year, the right to order further coal of up to double the current order and the Company is confident the customer will do so. This is the first time that the Company has taken the lead in filling a ship. This is a significant development for the Company, which is now able to directly fill a ship, on a monthly basis, with anywhere between 40,000 and 70,000 tonnes of high-quality Bens Creek coal, a brand specifically requested by the customer."

The stockpile seen in Luther's recent youtube video was used to fill a train last week and another yesterday with more trains scheduled to complete that July order filling a ship to the Indian customer. 66Kt of Bens' coal?

Benches are being cleared in anticipation of the #81 HWM walking the wall again next week.

Will be reassuring to read that Bens are in full production in September just as we dissect the eoy results and hopefully see the PLATTS price of HiVolB to rise due to renewed Chinese steel demand.

Avani bought in at 18p, MBU converted at 30p. Neither could have foreseen the fk up with the second HWMs (77 and 81) although the dip in market price was predictable even by us mere mortals.

"... the right to order further coal [via Avani?] of up to double the current order and the Company is confident the customer will do so" could see 66Kt being shipped out each month as of September. Then that will be it, job done. No more expectations/ promises/ guesswork. Just need those Rupees to get a good conversion rate and a new CFO ;)

Yes deadline end September although we had the same 10th August statement date set last year and they RNS was released 30th August. So only 4 weeks all being well. Benches cleared, all mine rigs mining, eoy results, etc.

Due by 24th August 2023

https://find-and-update.company-information.service.gov.uk/company/13559916