WH Ireland has produced its updated research for metallurgical coal producer Bens Creek Group (LON: BEN) suggesting a move into profit this year. In effect, though, this is a scenario rather than firm forecasts. The share price held at 14p after the publication.
There were previously no forecasts in the market, although WH Ireland had produced a similar tome in January. Those forecasts were subsequently withdrawn.
According to WH Ireland these are high level forecasts “which is obviously only a scenario based on our cashflow projections, given that Bens Creek is still ramping up”. This ...
