I looked… I said I would not but I did…
well thats ruined my day
I just hope its the inflation in the US thats effecting it, the underlying business is good
Ben just needs to keep afloat until all this nonsense is over with
I wouldn’t be surprised at this rate Oh no, why did you look let’s hope today’s better
What site is that, that look absolutely awesome if don’t mind my asking
If inflation is biting and the economy is likely slowing down is the demand for met coal going to be as high?
Just a thought, I really don’t know much about coal.
… in other news I brought more.
Less demand for met coal maybe in the short term and higher fuel costs to extract it.
But things will get better at some point
Just depends how many of us are still around to reap the rewards
Bah, charts shmarts. I only ever have faith in charts if they are showing me stuff i want to see.
For me, the charts show graphically the progression of the company, mixed with the state of the market, and the feelings of people.
I just use them to compare the progressions between long, medium and short time, and get an idea of how a company has been, and is performing across the time, but far from that…
What you point there is a short period, just few months, and it just reflect the state of the general market, which has been going down. But that is what we know by the market, not from what that chart says.
Well, just my personal way to see it, and I am not someone with massive experience on this
Oh no. More positive news. That means a price crash
Usually the way!!
Lol, so now they are going to have not just 2 but 3 highwall miners. And still here we sit at 73p. People scared now they may end up with too much coal?
I’m not an investor (I believe we need to transition to green H2 for steel production asap) but this stock has done incredibly well. It’s up like 600% in under a year!
From a quick glance 73p seems ok at this point in their journey, especially given commodity prices are all likely to come off longer term IMO
They will only still use 2 HWMs for operations going forward with the 3rd one (that BEN will own) on standby for now.
I think they’re probably struggled for parts for the HWM they were trying to repair and so have taken up the option on the leased one.
Not a bad situation, but I wonder if they could have done this sooner to speed things up.
Have taken today as a opportunity to top up more for myself
I came within millimetres of selling all I have today at a 23% loss
My faith in Ben is an all time low. Same as the price
It’s probably worthwhile remembering to ignore short term volatility and not worry about it too much, especially if you very much plan to be in it for the long term, maybe not specifically on this stock, I can’t comment on it, but a more varied basket of stocks.
Yourself and others around the forum occasionally post like this, maybe worthwhile reading these.
Also good advice to write/note down why you invested in this stock and others in the first place (and keep it up to date) so you can refer back, as a positive angle.
I’d say this has very little to do with BEN and more to do with folks taking profits and moving them elsewhere.
They are still doing pretty much what they said they would, sure a delay here and there but the coal is being dug up and the trains are going out and the money is coming in.
My thoughts on it are if early investors were sitting on a nice 500% plus when everything else went down then they may have been tempted to sell and try to do the same again elsewhere.
I know it crossed my mind once or twice, thought about taking my BEN profits and putting them in Contango, i couldn’t do it in the end as I’ve grown too attached to BEN which is a bad thing, but i also still think they have a ways to go, a lot of my stocks have had some really poor reactions to some great news, markets are in a right mess at the moment.
Sitting looking at a 23% loss can’t be fun, my worst at the moment is sitting at 54% down and i have more money in that than i do in BEN. So i bought some more today
I’m guilty of putting way too much money in a stock that’s just IPO’d and got excited for it to go up and up only to watch it come right back down once initial investors think they have made enough and start moving on, but BEN ain’t going anywhere for the next few years and they should just keep on digging and if anything they are just getting going. But who knows how the market will react to any good news that comes out.
As always DOYR as these are just my personal thoughts about it.