Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
@41p posted yesterday eve just after 18:00. Someone's confident!
well done - enjoy the ride! if you haven't already, listen to the CEO's recent interviews e.g. this one from yesterday, guaranteed to get investors excited ..!
https://audioboom.com/posts/7989398-midweek-takeaway-with-adam-wilson-ceo-of-bens-creek
mercman - this business will be enormously cash generative and profitable in 2022, and will continue to grow. The CEO has committed to returning as much of this as possible to shareholders. No details yet - it's very early days - but back-of-envelope calculations suggest the returns could be very large in relation to any investment around current sp, and on-going. This is in addition to capital growth - most are expecting sp to rise, perhaps to £1 and more over coming months, so that market cap reflects p/e of at least 4 (it could easily be much more than this).
Haggis etc al - don't worry about it. This almost always happens on AIM where small traders who 'buy on rumour, sell on news', affect the sp in the very short term ie intra-day. If you take even a slightly longer timeframe you will be handsomely rewarded in BEN. Sells at these levels are actually quite healthy as they are mopped up by buyers who will be holding and waiting for gains, strengthening this as a level of support. Everything about this company says quality and the potential is absolutely enormous - right place, right time, low IPO price and strongly expressed commitment to reward shareholders. All IMHO obv, but of all the AIM companies I've invested in over the years, this is the one I am most excited by and have most confidence in. GLA!!
For those who check for RNSs 1st thing each day, here's BEN's excellent one issued after close yesterday.
https://www.lse.co.uk/rns/BEN/update-on-initial-production-f77vv2bbmmj3iyz.html
1st coal = fantastic achievement in such a short space of time (and ahead of time). Absolutely professional leadership at BEN means everything in order to build stockpile (for which we are getting paid as part of offtake agreement) and progress infrastructure development e.g. wash plant, rail link for 1st deliveries early in New Year, at which point we're cash and profit generating.
So much more news on numerous fronts expected over coming days / weeks and strong commitment from leadership to reward shareholders. Many anticipating sp could get to £1 pretty quickly.
Here's CEO interview on Midweek Roast yesterday - absolutely buzzing!
https://audioboom.com/posts/7989398-midweek-takeaway-with-adam-wilson-ceo-of-bens-creek
And pictures from yesterday's 1st production:
https://www.benscreek.com/production.html
This is a gem! Good Luck All
Blue - Avacta got FDA approval of their IND application for AVA6000, reported a couple of days ago, which I take as a good sign ... Let's hope so!
Could be a big day in BEN's short history today! Good Luck All!
ndn - I'm not complaining: 'Avacta have indicated that they may require the Company to produce between one and two million tests per month. The transfer process, which involves scale-up of processes and manufacture of three production-scale manufacturing runs, is progressing well and due for completion in this calendar year. A significant order for post-technical transfer production has been received from Avacta.'
Another excellent RNS. Yet more peer-reviewed evidence that the Parsortix System can make a significant contribution to cancer treatment. Telling that a paragraph is dedicated to US lung cancer data - surely the FDA can't sit on this for much longer?
Can anyone explain the 39p trade after close which makes us look 18% up today which obv I'm v pleased about if accurate?
Jb - no evidence of any problems, order book strong incl. repeat business, ORPH businesses in right places at the right time.
Let's not get ahead of ourselves! Getting into production next week will be a huge achievement. Getting production from 1st highwall miner up to target for 1st offtake agreement will be important step along with getting other plant + rail operational. Lots of other work running along in parallel which will provide positive newsflow in short term. Don't take any of it for granted.
2nd highwall miner etc is a further step change for the future, gives us yet more to look forward to, but let's all enjoy the journey over coming days and weeks through above steps first.
will hopefully be an historic week for BEN. GLA
oh yes, and CEO as substantial shareholder fully aligned with PIs. He and other major investors locked in for at least 1 year so small free-float. Stated commitment to get cash back to shareholders e.g. via dividends. And the operations will be eye-wateringly cash generative and profitable.
Fundraise and launch on AIM was just about 5 weeks ago. Incredible progress since then, so much achieved. Aiming for 1st met coal next week - ahead of schedule. And if we think its been exciting up to now, I think its going to ramp up even more. As indicated in yesterday's interview - they'll be ramping up production as fast as they can, building stockpile, bringing wash plant and rail track on-stream, 1st deliveries, 1st cash receipts ... At the same time likely further offtake agreements, drilling to convert resource to reserves, 2nd highwall miner to site, taking opportunities to use plant to support neighbouring mines with associated royalty agreements etc etc. Fantastic. And in case people haven't seen the latest pics from the site here's a link:
https://www.benscreek.com/highwallminers.html
Really pleased to be on this journey. Its only just beginning, room for more on board - you won't be disappointed! GLA
moniman - I think you are the scaremonger you're talking about. I strongly believe that before the lock-in period finishes there will be several deals in place and a very interesting and important portfolio emerging. People will be wanting to get in, not get out and the sp will be significantly higher than where it is today.
AW indicated current p/e equivalent to 1 (I guess based on initial production agreements, costs, profit projection). 4 seems to be more the standard, so that suggests sp potential at multiples of current levels. And many met coal producers have p/e significantly higher than this. And that's before BEN gets 2nd highwall miner - AW indicated possibly around March 22 - for huge further ramp-up in production. Then there are the other resources around the area which could be brought back into production using BEN infrastructure (washing, rail ...) for which BEN would get royalties - discussions underway. No debt! He said a few times his 'mantra' is under-promise, over-deliver. Well that looks like at massive under-statement at the moment - early promises being delivered with knobs on! Well done AW and all involved.
Shatner - thanks for sharing that interview - I've included the link again in case people missed it yesterday.
What a brilliant interview highlighting so many reasons why this is a gem of an investment right now. Adam Wilson is right on it, clearly bringing many years of experience to this opportunity and making it happen in such a straightforward way. And ahead of their already challenging schedule - unheard of in an AIM company! The economics are eye-watering. And I loved his oft-repeated commitment to getting the benefits to shareholders as quickly as possible (admittedly he's one too, so not surprising, but surely that's a massive positive too - he's one of us and wants the same as we do). So pleased to have come across this company which is going to so exciting in very short, medium and long terms. Almost feels like a once-in-a-lifetime event! GLA
https://audioboom.com/posts/7985790-midweek-takeaway-with-adam-wilson-ceo-of-bens-creek
Inexplicable drop at the mo. I cannot understand why anyone would sell a bean at this stage. (The few sells I can see on LSE trades all look tiny.) Plant on site and in commissioning, into production, cash, profit all coming so soon. Plus other poss news eg additional offtake agreement(s), access to additional resource etc etc etc.
A-M - yup, RNS duly arrived. Well done all at BEN. As you say, it is all progressing exactly as they have said it would and at breakneck speed. Very impressive.