Member Info for Shorn

TNR

Where do you think we are on the discovery - mining journey ?

A journey together with AA in probably one of the richest Copper hotspots in the world...

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Time to get in or out ?

Bought c4m shares yesterday average of 1.49 for the long term and i expect the SP to go down as well as up.

ATB

I wonder how much thermal coal Teck Resources Elkview mine produces annually to potentially value it at c$8bn ?

The Company is aware that MBU Capital Group Limited ("MBU"), the Company's largest shareholder owning 53.7 per cent. of the voting rights in the Company, is in advanced discussions to sell a significant portion of its shareholding at a price of 18 pence per share to an international commodity trading business which is expected to result in the purchaser becoming interested in 29.9 per cent. of the current issued share capital of the Company.

@SeisNav
Interesting reading and a good summary, thanks.
I also read your thoughts on ARCM which i am also seriously invested into. Again good summary and i like the slide show overlays - it really helps.
ATB Shorn

Let me get this straight...

-> Convert debt owed by the BEN to shares (MBU own)
-> MBU then own more shares on which a dividend will be paid
-> Dividend payment re-rates SP
-> Company has more cash available as they have less debt repayments - so can pay dividend

It's all lining up nicely as i see it... ;-)

sorry last post meant for gotreal

guessed as much - no worries ATB

short*****
Seems like you really know your stuff...
JLP is now a miner - got to say that's a shock to me...
I'll sell my JLP shares, and buy retail & Tech, thanks for the advice - lol.
Jog on.

@SeisNav
Excellent data and insights - thank you.
ATB

Copy & pasted from the ARCM bb...
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
Price of copper only going one way, and JLP is only going to benefit.
ATB Shorn

@rwneville
Thanks for posting that - best read for a long while !
ATB Shorn

@splatted.
some where in the lower end of the speculation curve...
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

@Billyboy2fromiii
i hold c900,000
ATB Shorn

@Tenantry
Thanks I should of looked harder
Cheers

@penstock
Do you have link for the full report ?
I can't find it on BC's web site or WHI's either...
Thanks Shorn

@Senta
I agree with your point, and just using very crude maths…

Can BC afford dividends ?

1m tons production (1 year say March 22-23) of Met coal @ say $250 / ton => $250,000,000.
Assuming EBITDA of 20% (I can’t imagine Mr Iqbal MBU being invested at any less) => $50,000,000 or c£40,000,000
Remember Mr Iqbal was banging on about recent improvements, and efficiencies improving the bottom line (EBITDA).
Total shares 375m at 10p dividend a share => £37,500,000 so affordable at the low EBITDA assumption.

What could the SP value be when “referencing” dividends ?

If you bought £10,000 of shares 24-48 hours ago at say 25p => 40,000 shares.
10p dividend per share => £4,000 an ROI of 40%...
Assuming investors move in after WH Irelands January 23 brokers note, and March 23 accounts being released.
10% would seem to be a realistic ROI on AIM propelling a SP of 25p x 4 to c£1.
If not then an ROI of 40% is also a great place to be.
A win win in my book – March 2023-24 is going to be really interesting.
I’m in with 600,000 shares at a running 40p average.
Obviously, all crude maths, and my own opinion DYOR.

Bought £34k's worth on the drop.
Absolute no brainer - watch the bounce today.

Cuvio, Prosperus,
This is a win win move.

@TheLoaf - absolutely would be rude not to.
Shorn

Murat Erden (new CFO) - purchases 425,000 shares for c£147,000 (market rate).
The new guy totally believes in BEN, this guy with his credentials and history isn't going to waste his time or money.
A really good confirmation for me and the market !
ATB Shorn