IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This share price looks very wrong to me. The deal announced today will give annual revenues of over $73m with profits of over $52m and that is only 50% of production. So we could be looking at over $100m profits per annum with a market cap of only £41m. That is a PE of 0.5x........imagine the dividends they can pay out, totally crazy!
Plus they have a proven reserve of 2.34 million tons and the infrastructure already in place. This deal is only 264,000 tons per annum.
Annul revenues much higher than the Mcap - all I needed to hear
market cap of 40 million annual offtake agreement of 22000 tonnes at say 277 dollars is approx 5 million
Per month
Its actually 6 - £72mil per year and more expected to follow
The Company's admission document, published on 13 October 2021, stated that the Group was in discussions with various minerals brokers with a view to entering into an offtake agreement for all of the Group's output from the mine and that the Group expected to finalise an offtake agreement in Q4 2021. The Company is therefore pleased to have completed an initial agreement with Integrity and entered into its first offtake agreement following admission of the Company's ordinary shares to trading on AIM on 19 October 2021.
Adam Wilson, Chief Executive Officer of Bens Creek, commented:
"Bens Creek has had a strong start as an AIM quoted company. We are delighted that strong investor demand at the time of our very recent IPO has been followed by strong customer demand for our product. We are therefore pleased to have secured the Company's first offtake agreement with Integrity Coal Sales, a stalwart in the US coal industry, at close to prevailing market prices, for approximately 50% of our expected annual production plan. As we look to move into production during Q4 2021, we will in due course seek to secure additional sales agreements with Integrity or with third-party customers."
Hi Marc
cheers, missed the month off the end quite vital that :-)