Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Bens Creek Group PLC (BENB)

London
Currency in GBP
Disclaimer
1.50
-0.05(-3.23%)
Closed

BENB Price Commentary

Feom X:- 𝗕𝗲𝗻'𝘀 𝗖𝗿𝗲𝗲𝗸 𝗠𝗶𝗻𝗶𝗻𝗴 𝗣𝗿𝗼𝗷𝗲𝗰𝘁- 17.2 million in-place tons of metallurgical coal resources, with a potential of a further 30.9 million tons- Proven and provable recoverable coal reserves of 2.34 million tons
We may see .22p today. I believe 50p short term a real target.
1million tons of clean coal a year ! 😁
I watched the CEO in an interview on Pro Active from today. He said several quite astounding things. 1. At $190 a ton they were breaking even. 2. At the current $233 they were doing very well. 3. They are going to mine around 1 million tons of clean coal a ywar going forward and from of course now. Aiming for 70-80 thousand tons a month. Thats about $30-40 million a year profit. Buy!!!!!!!!
A million tons a year target!! Bens Creek Group PLC (AIM:BEN, OTC:BENCF) CEO Adam Wilson speaks to Thomas Warner from Proactive about progress at the metallurgical coal producer's mine in West Virginia. Bens Creek recently started working double shifts on both of its high wall miners at the site, propelling production towards the coveted million-tonne mark Wilson expects production to reach new records highs in September and October after a problem with one of the machines that has now been fully resolved. Wilson says that in challenging market conditions, Bens Creek has been very effective in taking cost-cutting measures, reducing expenses in both power sources and underground mining. He expresses gratitude to the dedicated team, acknowledging their pivotal role in the company's success. The recent surge in metallurgical coal prices to more than $233/t promises a brighter outlook for the company, with the additional margin going "straight to the bottom line." With new shareholders
Power On!!
One analist has Bens at .87p. I think short term .50p is easily possible now both high wall miners are working. If one can produce 30k tons a month plus the underground 10k a month we coukd be looking at 80k tons a month easily on full tilt. At $230 a ton and rising thats a lot of money.
So nice to see “Warrior Met Coal” getting a solid share price lift after the metcoal price rise. Its a shame the UK is such a poor place for companies like Bens creek to get a decent valuation.
The numbers are rolling in. I would be surprised if the share price didnt double over the next month. Adam Wilson, chief executive, commented: "We are delighted to be able to report that the two highwall miners have started double shift production. “This is a significant milestone, especially when added to the record coal production month in August. “We expect September's coal production to exceed August's numbers." Costs of production payable to its contractor have also reduced by US$3 per ton, he added, with further reductions expected from production increases and volume discounts.
Ive watched some very recent video from site. Production has ramped up and with two shifts and both highwalls now working and operating the production will be through the roof. Along with revenue of course. Couple that with the rise is coal prices and Bens Creek is going one way fast.
12 days to the results information. Should see a solid uotick on the run up and after. 50-60k tons a month at $220 a ton wouod be astounding.
HVB COAL now $220 a ton and rising. $20 a ton more thannlast month alone. Thats just about $1million extra on 50000 tons a month. 😁. Awesome news!!
In August, the company produced around 42,000 metric tons of clean coal, it highest monthly production, which also includes around 10,000 tons of clean coal from underground mining.The miner expects September's coal production to exceed August's numbers, including underground mining production of around 30,000, it said.So that could be 64000 tons with the extra 20k from underground. Sweet!! Re-rating coming.
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) said it is now working double shifts on both of its high wall miners at its metallurgical coal mine in West Virginia. One of the high wall machines was sidelined for most of August but Bens Creek said it still produced 42,000 tons of clean coal, its highest monthly total ever, which included 10,000 tons of clean coal from its underground mining operations. Four coal trains were also shipped during August, delivering 44,000 tons of clean coal. Adam Wilson, chief executive, commented: "We are delighted to be able to report that the two highwall miners have started double shift production. “This is a significant milestone, especially when added to the record coal production month in August. “We expect September's coal production to exceed August's numbers." Costs of production payable to its contractor have also reduced by US$3 per ton, he added, with further reductions expected from production increases and volume discounts. “We also note
Conaonys valued at £50 m plus. $9m a month revenue x 12 - $108 m revenue. 50p or more share price soon?
For a company valued at just £57m a $9m sale for one monthbis very very impressive indeed!! buy for me.
Record output last month worh $9 million at the current coal price.https://www.proactiveinvestors.com/companies/news/1026341/bens-creek-hits-record-output-and-brings-in-double-shifts-1026341.html
This is a dangle carrot stock divi soon divi soon divinsoon never happens !!! Bought in and boom down a packet
12 months at least betore they are in a position to return cash to shareholder. In the meantime, increasing revenues and efficiency will unlock value in the company’s market valuation. Ideally a couple of institutional investors coming on board to increase liquidity and inject capital would be good for confidence. Would prefer to see the largest holder reduce their holding to below 50%
washed coal and coaking coal will be back to $50 a ton then though so not sure it stacks up They hit the ground running due to the gas and oil issues but soon that will be back to normality and where does that leave a coal miner
as long as Russia remains under sanctions the balance of supply will remain tight, now governments are pushing the green transition and if global economic growth picks up in the second half (US economy weakening alongside) the price will be relatively well supported. Company seems to be stuck in first gear at the moment though :/
Wasnt going to buy anything this month, but grabbed some more of these @19.33
Time to buy 44p
https://audioboom.com/posts/7985790-midweek-takeaway-with-adam-wilson-ceo-of-bens-creek
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.