Member Info for Shorn

Montyfino
Yes it does seem that way.
Hole 26 is in an undrilled expanse between holes 8 & 10 further north and Hole 30 to the south.
hole 26 also is close to the start (top) of the very first hole 1, with hole 26 drilling west to east across the area at the start of hole 1.
Certainly hole 26 data helps with defining the likely tonnage in an area of the open pit otherwise previously under drilled.
IMO ATB Shorn

3 years away from those figures and you know it, and divis are always a bonus eh ?
Move on then BT you are obvious and was waiting for you to appear this evening lol - was waiting for this an hour or two ago.
So basically i am up through investing early and you are what buying lol, selling lol, or just being what you are here the big proof that we have all done wrong - jog on buddy

Scott22
"The poster" i think you mean is me, and if i receive £30k dividend (@1p / share) then that's good right.
I can't see a problem with that - lovely bring it on.
Thanks for the maths.
ATB Shorn

Scott - you said...
"Any reasonable dividend could not be afforded. So you say, just own few million shares to earn a meaningful dividend stream, but that is not always practical..."
Many here bought in when the SP was a lot lower - SP has increased - loving that, and now maybe a few pence per share dividend (in 2 years) - loving that too.
And the company is growing on several fronts - loving that too.
Folks keep pointing out the negatives - in which case, don't buy, or sell up and move on...
Otherwise it looks and feels like someone is trying to unnerve me into selling out - loving that too, because it reinforces why i originally bought in.
Essentially - i am loving what Jubes has to offer - bring on the re-rate ;-)
IMO ATB Shorn

Thanks Welloilbeefooked - I like that interview - planned growth on different fronts & dividends in 2 years - wonder what my 3m shares will bring ?
Go Leon go!! - he was why i invested originally.
Can't help think that Jubes itself becomes a "target" for a M&E from a major or industrial...
IMO ATB Shorn

That be me

@nursesteve
Interestingly, i have a fairly aggressive fund investment which was starting to slide a bit due to it being overweight US Tech stocks. So i pulled 50% out the morning before the invasion (very lucky)....
Re-invested some into Oil in the Brent and just off the Falklands (for Gas&Oil exposure c/o the UK), and BEN for exposure to MET Coal.
Listened to Adam and he made sense - very exciting prospects.
IMO ATB Shorn

Rob1967
That was me - defo PI ;-)

Thanks CaptainHaggis - just found the TR1.

I am a Newbie invested here and understand the fundamentals in relation to MET Coal price (profit), impact of Russian sanctions, and Biden’s Bill to “Re-build” the USA infrastructure, etc... Meaning truly a great opportunity!
I guess there will be a number of similar old mines prime for re-commissioning, and BEN may well be seeking them out. I also invest in Copper, PGM’s etc, and know that there is no political appetite in the USA for new “dirty” mines, so existing mines are a good place to start particularly as they come on-line a lot quicker...
My problem and reason for messaging is simply that ESG pressures on Institutional investors prevent them from investing in this type of share, (and I guess why BEN is listed here on AIM), so the return for the private investor needs to be driven by a combination of SP growth (I read of £2.50 -> £4.50 etc, and agree with the maths), Dividends, and ultimately a JV / M&E...
As a cash cow that BEN is becoming will PI investment in the shares be in sufficient quantities for the SP to reflect FCF and true value say when we are a £1 higher than where we are now ? It almost feels that to achieve say £4.50 we need to be a “target” of a company who again can’t be constrained by ESG commitments.
Does anybody have similar previous experiences of this SP journey (increase) where PI’s are the only driver, particularly when the SP is out of the initial IPO stage ?
IMO ATB Shorn

And interestingly Hargreaves Lansdown Limited are the largest institutional investor at c16% a similar figure to that of Richard Poulden - that's skin in the game for you.

Adding to the institutional investors already committed to WSBN...
Hargreaves Lansdown Limited
Ashton Nominees Inc
HSBC Global Custody Nominee
JIM Nominees Limited
HSDL Nominees Limited
Vidacos Nominees Limited
Barclays Direct Investing Nominees
Lawshare Nominees Limited

Good response Andrew - spot on !!

Falky,
Yes i appreciate your views.
And can clearly see the potential impact of a farm in deal with both BOR & ARG having a significant impact on the respective SP's.
IMO ATB Shorn

Falky
Are you basing your view on BOR & ARG doing better (SP increase in 2022) than RKH because of the respective implied inground asset values ? I ask this because it seems that RKH is further progressed. Interestingly, i also note that the RKH SP increase after Navitas announcement wasn't multi-bagger type of news can't see why it didn't do better...
For clarity i am invested in BOR & JOG, and other Copper, PGM's, & Gold explorer shares on AIM.
ATB Shorn

LNG not LPG

Phil,
Generally, unlike some BB's I don't see a great deal of communication from the BOD, but did read that they were seeking a farm in partner in the half yearly report.
Normally when a potential partner is identified they sign an EA (exclusivity agreement) while DD is carried out - but that's more akin to a JV process and may not apply to a farm in...
Though i agree with the views on this BB that there has never been a more compelling time / reason to establish LPG resources away from risky areas / regimes...
The new norm will not include Russia for decades - and LPG bridges the gap nicely during the phase change between fossils and renewables.
IMO ATB Shorn

@Phil164
"how much interest has been rekindled" - anything specific or generally ?
Newbie just trying to pickup on any snipits from the past.
ATB Shorn

40SB
The March 4th RNS stated this which was the only mention of a date...
"Assuming the Open Offer is fully subscribed for, the New Ordinary Shares issued (pursuant to the Subscription and the Open Offer) will represent up to approximately 21 per cent. of the Company's currently issued share capital. The Issue Price of 1.3 pence per New Ordinary Share represents a discount of approximately 25 per cent. to the closing mid-market price of 1.73 pence per Ordinary Share on 3 March 2022...."

Which really only uses the March 3rd date to set the price / discount...

Never done this - so i have no idea how it works - i trade through Barclays and have bought 2m shares over the last 2 days - do i qualify ??