Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Coggy - good point. Our black gold is piling high, and work on rail and wash plant progressing. BEN producing and ramping up - in great shape for the new year.
Hope people have been doing their research in between their turkey and mince pies, and there'll be a rush to pile in to BEN when market opens again tomorrow. Got to be best share on AIM for 2022. Significantly de-risked and into profitable and cash generating production over last few weeks. Good chance of both sp multibag and significant dividends during the year. GLA BEN investors.
Great work Si, thanks for doing and sharing.
* dunno what his 'rdmaons' are - stupid phone - but everything else is on target! And the pile of coal continues to grow ...
Banzai - completely disagree. Statutory reports always talk in terms of quarters. CEO has been clear all rdmaons on target for his January dates.
penstock - the sells are creating an unexpected buying opportunity. I've had to sell others to add just now. at least this should be a shift of more stock into sticker hands and ends up with even smaller free-float.
Shall we look forward and focus on BEN? Nothing but excellent news over last few weeks, all deliverables on time or ahead of time, into production, infrastructure developments on track, and already an impressive, eminently achieveable, and funded expansion plan in progress. With all this it makes even a brief drop in sp difficult to understand, but I am convinced that in weeks if not days sp will be pushing towards new all time highs and that 2022 will be a blockbuster for BEN. GLA
Must admit I find this 'market' difficult to understand. I was convinced after AW's excellent interview yesterday that the sp would boom today. And I can't understand why anyone would sell after hearing it (though appreciate people will have their reasons). Just shows, I'm not as clever as I thought I was! However I am more confident than ever that 2022 is going to be the most amazing year for BEN and as a shareholder I'm looking forward to being part of it. GLA
Penstock - investors buy in anticipation of what they believe is coming. If they waited til it had arrived chances are a re-rate will already have happened. AW is compelling in his description of what's to come and the rapid progress being made. All the info is out there and IMHO now is the time for anyone interested to get in, or increase holdings. Current sp will soon be a distant memory.
In case you missed it here's a link to yesterday's brilliant interview on Sunday Roast. A committed and excited CEO with a clear, deliverable plan for massive growth, profitable operations and re-stated commitment to shareholders. All unfolding before our eyes, at pace. Fantastic.
https://audioboom.com/posts/7998902-the-sunday-roast-with-adam-wilson-ceo-of-bens-creek-aim-ben
Sensational interview. Incredibly exciting trajectory for BEN.
Wonder if this will go positive this pm as it often does, esp with lengthy Sunday Roast update coming over the weekend?
No, market cap (mc) is separate and different from the revenue / costs / expenses in a period (p&l) or the assets & liabilities of the company at a point in time (balance sheet). Cash is a current asset and is shown in b/s.
Mc is simply number of shares x sp. Cash can be distributed as dividends with no effect on mc. Distribution reduces the assets of the company, and there's nothing wrong with that - they are owned by the shareholders anyway. In fact good chance sp and therefore mc may go up, esp if divs are substantial, because investors may find issue of dividends appealing and pile in to qualify for future. And it reflects a healthy, shareholder-oriented company.
Haggis - in my experience the very large majority of IPO'd businesses would NOT be in a position to pay a dividend for years. BEN is almost unique in being up, running, cash generating and profitable within weeks of IPO! And also in the CEO stating so loudly and clearly that the company is committed to rewarding shareholders and paying dividends as early as it is able. You're right that BEN may retain some of the cash it will be generating for reinvestment and further expansion - which would be a good thing as far as I am concerned as it would increase future rewards even more. But given the tone of AW's comments I would expect some dividend payment(s) to shareholders in '22. He clearly does not want cash sitting in the bank doing nothing. And AW is one of the biggest shareholders, so in his interest too (nicely aligned with the rest of us).
Haggis - overthinking. There's a very good opportunity and AW has taken it. No fannyi g around. It has no adverse effect on what BEN was already doing which is progressing according to high speed plan. This adds in parallel and likely will add early to shareholder returns. Demonstrates what a dynamic and driven set up we have here. Couldn't be happier!
AW and BEN are not hanging around. Looks like a brilliant new opportunity. Really exciting times.
Stt1 - desperate trolling. Hahaha
Yes intriguing and potentially exciting. Will no doubt be discussed in Sunday Roast. May get an RNS before then ...
yes, its going to be huge ... plenty expecting sp £1+ in '22 plus likelihood of substantial cash dividends signalled by CEO.
Indication on telegram group that BEN has been upgraded from 'Midweek Takeaway' to 'Sunday Roast' where AW will be main and only guest. Surmise there must be much to talk about. GLA