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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blencowe Resources Plc | BRES | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 8.42% | 5.15 | 08:24:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.75 | 4.65 | 5.15 | 5.15 | 4.75 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 15/3/2024 12:38 by gisjob2 Unfortunately BRES do seem to miss deadlines but to me it's only mildly annoying as the news always comes and MR really has delivered for the company, running a steady ship and progressing the company without issuing shares like confetti to get there. I trust him to deliver (albeit eventually) |
Posted at 13/2/2024 11:16 by pauliewonder Looks like the ADVFN app is broken. It's showing BRES as being blue. |
Posted at 06/2/2024 17:07 by soulsauce Are you trying to say that Bres haven't spent any of the initial $2m paulie 🤔 |
Posted at 06/2/2024 16:55 by pauliewonder OK so looking at todays development, and assuming that all goes through as stated. This would mean the following:1. BRES receives $3.15m (going to assume that this is next month at some point - say 31 March 2024) 2. BRES likely to receive additional $1m grant funding by 31 March 2024 also 3. Company currently has circa $2m in the bank (following recent grant payments) 4. 3.15m + $500k + $1m + $2m = $6.65m (or £5.3m) cash 5. Following 7,847,000 and 50,000,000 shares issued (see today's announcement), there will be a total of 267,226,950 shares in issue (not taking into account warrants as the funding of these warrants is also not taken into account) 6 At todays midprice of 4.45p, that gives a market cap of £11,891,599 7. So by 31 March 2024, BRES are likely to have £5.3m cash on balance and a market cap of £11.89m. That means circa 45% of BRES market cap will be cash. This is incorrectly priced and I would expect that we would at least double from here in the short term. |
Posted at 06/2/2024 07:12 by pauliewonder Wow, what an excellent RNS. This is absolutely huge and de risks the project massively. We should see a massive move up to 5p today and then beyond in the coming days. Companies are struggling to raise money at anything but a large discount at the moment, and then BRES pulls this off. Hard off to MR, this is incredible news. |
Posted at 31/1/2024 17:16 by goodbuyexsell Paulie, you are correct.Sept figures would not be good taken on their own. Yet roses figures do not include the 2 x $1 million from the US Govt. In addition MM’s bought a net 2.75 million shares today. Does that not display confidence in Bres. Mm love this panic selling. |
Posted at 29/1/2024 07:40 by pauliewonder Fantastic RNS this morning. Securing project funding from the DFC is just about the biggest stamp of approval the company could get. This is in addition to the TAG and basically fully de-risks the project. Whilst the funding is subject to DD, the quality of product is just about the highest in the world (99.95% purity), they have different flake sizes, it has green credentials and BRES are supporting the Ugandan economy. This is going to get funded and we will be going into production in 2025 (if we are not earlier bought out at a significant premium to today's value).Great news, about time this took off |
Posted at 29/1/2024 07:28 by pauliewonder Great interview from 16m re: BRES with Alan Green:https://m.yout |
Posted at 07/9/2023 15:47 by goodbuyexsell As I was writing this post, over 500,000 buys went throughLooks like the remaining 1 million bres stock is being placed from the 6.4 million punter. This will last into next week. BRES was marked down 3% at the opening before any transactions had been executed. Probably in anticipation. Good news is the MM;s are prepared to take the stock.#BRES has larger quantities of concentrate as bulk samples to deliver to potential buyers & engage with strategic groups. From BRES twitter account 2 hours ago, it read Positive feedback received from end users on BRES’s 95-97% TGC product with significant interest from 🇨🇳 industry groups in progressing offtake arrangements. |
Posted at 05/9/2023 11:57 by goodbuyexsell As I was writing this post a trade of 461k @ 5.20p has gone through.When Spreadex notified it no longer held a notifiable interest in BRES, it was on behalf of a single punter who owned approx 6.4 million shares. After the notification the punter still had 3 million shares to dispose of. It is highly possible Spreadex are now at the rump of the remaining 3 million shares. This will go on for a few more days. One has to remember if there is a seller the MM's buy the stock. Why would they do that in such large amounts. Its because they have done basic research themselves.They currently are willing to buy the 250k plus transactions in BRES shares and will profit handsomely when the price rises. The guys who constantly criticise BRES on here are typical of city slickers who probably work for one of the CFD spread betting outfits that constantly advertise with the caveat 71%, 75%, 80% of retail investor accounts lose money when trading CFD's and spread-betting. The big seller of BRES is probably leveraged too much and needs the "bangers & mash" to settle their account or does not have the patience. Research shows Graphite is needed at every level of battery storage whether it be triple A batteries or EV cars. Bres is a small company with a large money rich asset. I have a large investment and I take a 18-24 month view before BRES will come to full fruition. Do not panic, it will come good. |
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