From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

BREAKING: Ben’s Creek is a life raft being readied by MBU ahead of administration? Tell us about Freeland...

By Tom Winnifrith | Monday 25 March 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As my old pal Doc Holliday says “rinse and repeat, rinse and repeat” MBU run by Iqbal Mohammed and Adam Wilson bought the worthless assets of Ben’s Creek (BEN) for buttons from a bank that had foreclosed on the prior owner. MBU packaged them up, floated it, pumped the stock, dumped its shares at bonkers prices ad vended in more pointless assets leaving the cash burning company drowning in debt and unpaid bills. The word on the street is that with contractors unpaid, a highwall miner being taken off site, activity on the ground has almost ceased. There should be an RNS…
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 04:54:37