- 5% dilution
- taken up by institutions and MBU the largest SH
- they’ve already purchased $5.4m of equipment
- 7 trains booked between now and November
(I would consider that the minimum only)
Overall whilst no one ever likes being diluted, it’s not a large dilution but it should add long term value.
Real shame they did this at 30p when the share price has already seen a lot of weakness recently.
For transparency, I’ve sold out this morning and might go in for more if we see sub-30p, otherwise happy to wait for strength to return to this based on a rising met coal price and increased production later this year.
Thermal (TGA, BTU) and metallurgical (AMR, BEN), two different types of coal. Met prices have been dropping, thermal is still
As with everything else I do I always back the loosing side.
Ben sat doing nothing
It’s having a good start to the day. Long May it continue.
I think Met coal prices went up a bit as Contango is also seeing a bit of a rise.
Oh good lord. Someone posted something positive. Look at it crash now
Fingers crossed this carrying on, upwards we go
Finally I manage to buy under 0.32 (well, few days ago)
Would be nice, can’t see anything holding it back now. Q4 this year looks like it could be a turn for many stocks.
Permit granted meaning that they can deploy a second high wall miner.
Nice to see a little jump on the news, looks like some people sold on the news and moved on since, for the rest of us hopefully this has cleared the way for a rise back up. Coal being dug up, trains being shipped out and pretty much all the bases covered.
Adam Wilson confirmed in today’s Sunday Roast Podcast that the 2nd high wall miner is due on site in the next 2 weeks.
Get all this macro bullshit out of the way and things are looking great.
looking great …
Ive given up on ever seeing my Ben investment back into the green
Sp is now even worse. Investors keep selling and Sterling is dropping. Hopefully it will turn around at some point if people is patient and not sell for 6 months or so