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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
|
|
|---|---|---|---|---|
| 0.34 | 9.86% | 3.79 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.50 | 3.50 | 3.60 | 3.79 | 3.45 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 17/4/2025 10:05 by rogerbirds Succinct message to all NEW Placing and Retail Offer BRES shareholders: Hi. Welcome to our UNDERWATER investment world! Fingers crossed that this situation changes for the better, soon. RB. |
Posted at 16/4/2025 10:42 by goodbuyexsell This is why MR is the mouthpiece, he is an old hand at mining. He knew from the start what is involved. My last post in March said why I bailed out.For me it is the logistics of the whole set up. Too much smoke and mirrors. Over the weekend I was introduced to an ex Rio Tinto senior employee. He explained if mining in Africa, a company (Rio or Bres) will end up paying a large amount of money for a hospital, school, roads etc. Much the same as Portugese slave traders paid tribes for capturing other tribes (the slaves) in the first place. It wasn’t hospitals or schools in those days but the transaction to operate is the same. Investors would have noticed something similar with Blencowe. Local groups with authority asking “what’s in it for us” seadance mentioned similar below. Then there are logistics. Oram Cross is in the middle of the country, no roads or railway. Where will the workers live etc. The cost of refining either on site or elsewhere will mean TRUCKS and lots of them. One tyre for these 10 wheel trucks costs £400 and they wear out quickly. Shareholders such as you and me are the last in the queue and the last to know. I would not trust one word Mike R says. I am not gloating, just wishing you the best. The ex employer of Rio Tinto said to me, “A Miner is someone with a hole” |
Posted at 17/3/2025 23:29 by gisjob2 Not sure it's fair to call BRES a sinking ship yet when it's within months of finalising it's DFS. |
Posted at 17/3/2025 22:22 by divmad It might be nice if existing BRES shareholders could make some money first. Or is this Pearce departing a sinking ship? |
Posted at 16/3/2025 11:52 by hedgehog 100 BRES has been making impressive progress since its RTO (reverse takeover) a few years ago, which is a tribute to its management and the quality of its project, and in due course its share price should start to positively reflect that.And BRES's Executive Chairman Cameron Pearce, a founder of BRES, is now bringing his new mining RTO to market: into the similarly-tickered CRES (Citrus Resources). For fans of Cameron Pearce and BRES, this should be a very complementary investment to BRES. Harena Resources is floating on Friday 21st. March, via a RTO into main-market shell company Citrus Resources (CRES):- 26/02/2025 11:47 RNS Regulatory News Citius Resources PLC Publication of a Prospectus LSE:CRES Citius Resources Plc "The Company confirms that a prospectus has been approved by the Financial Conduct Authority and published by the Company ("Prospectus") regarding the reverse takeover by Harena Resources Ltd and the Fundraising to raise gross proceeds of £1.35m. Harena Resources Ltd is an Australian domiciled company that owns 75% of the Ampasindava Rare Earths Project ("Project") located in the northwest of Madagascar. The Project has been the subject of significant exploration work including 4,470 test pits excavated and 277 holes drilled (approx. 20,000m of exploration drilling) by previous owners that has confirmed the mineral resource is an "Ionic Adsorption Clay" deposit. The Project contains a globally significant JORC Resource of 606,000t of rare earth oxides, importantly, 22% of the reported rare earth elements are those related to the manufacturing of permanent magnets that are critical to the transition to green energy. Following Re-admission, the Company plans to complete the feasibility study and environmental impact & social assessment study to further de-risk the project and move towards production. ... It is expected that Completion will take place following the annual general meeting at 10.00 a.m. on 20 March 2025 and Admission on 8.00 a.m. on 21 March 2025. A notice of annual general meeting has been announced separately. ..." Harena is the best mining sector floatation I think I have ever seen. And even the best resource sector one (i.e. including oilers too):- "Harena Resources all set to become London’s only listed ionic clay rare earths company 13:18, 26th February 2025 Alastair Ford Vox Newswire ... That JORC 2012 compliant resource estimate followed on from around US$20 million of spend on the project, undertaken by former owners. Amongst other things, work thus far completed includes 4,500 test pits and 359 drill holes. It’s also been established that negligible thorium and uranium are present in the deposit, meaning that processing with low impact salts ought to be relatively straightforward and the product saleable into the market. The plan, once Harena gets listed, is to complete feasibility studies for the development of Ampasindava. Much of the groundwork for these studies has already been done, however, and it’s already clear that the project has a great deal going for it. ... All this makes Harena stand out as a shining light amongst its peers. ... One major positive that’s already confirmed is the interest of off-takers. Last year the company announced that it had signed a non-binding termsheet with a US rare earths company for the sale and purchase of rare earths from Ampasindava. ..." |
Posted at 16/3/2025 11:20 by gisjob2 Goodbuyexsell,Last reply because you're obviously on a wind up I've already answered regarding the BBC. Post 2272 and Graphite isn't a rare earth. You bought because a friend told you too! Lol Excuse me if I don't take your advice to seriously. You also obviously do not understand the risk/reward of small miners. I've lost nothing yet because BRES is still trading and i haven't sold. You stated BRES is in trouble with no reason for such a statement. You didn't even know that Graphite isn't a rare earth. BRES's share price fell from 5p to 4p due to an equity raise to fund the company share of the DFS. The price dropped on Friday because of a 3,000,000 sell BRES are following the same share price path of almost all small miners Look up the Lassonde Curve on Google. Guess where BRES are on it. Yes near the end of the feasibility stage. Where does the graph go next..... Time will tell whether BRES is a good investment but mining isn't a place you should invest. You have no knowledge of it or the risks and certainly not enough patience having panicked and sold out because you based your investment on your friends advice and panicked when the price dropped. Simples |
Posted at 16/3/2025 06:48 by mavern BRES was not up at any point on Friday, it appeared up on the day because of the previous days closing UT. The share price fell because of the large sell that was worked throughout the day. Holders can sell for any reason, especially this time of year when there are large tax bills looming and they need to raise funds. Seems a couple of non-holders took this as an opportunity to sow some FUD which unfortunately we see all too often in this market. MR has clearly stated there are multiple funding opportunities and he will take the funding “when it’s required and not before”. MR plays with a very straight bat, he’s one of the highest integrity CEOs I’ve ever seen, suggestions to the contrary are in my opinion purely wrong |
Posted at 16/3/2025 01:03 by goodbuyexsell I hope BRES does well and you all make money. Currently you are all losing between 20-70%. you are correct I did not do any research before I bought, but when I did, I could not see bres making money so I bailed out.Has any of you listened to the bbc article I posted. MR is drip feeding everyone in the hope a buyer comes in.On Fri Bres rose 7% plus in early trading then fell 7% plus. Why? soul sauce said it himself below using the word Manipulating I don't like seeing anyone lose money that inc myself. |
Posted at 15/3/2025 08:30 by gisjob2 First, BRES is not in trouble, it's a small miner with a great project and a novel way of maximising returns by processing SPG in country. However because it's a small miner and cash poor like all juniors it has to raise money in a poor market for juniors. The proof of it's success will be decided by the quality of the DFS produced and the terms of the funding package for the project. Maybe you were right to sell if you don't understand junior mining. and the risk/reward.If not holding why do you feel the need to impart your wisdom for us. Surely not an altruistic reason. That post of yours was bloody long for someone with no.intetest, who are you trying to convince. Your mistake was being talked into.buying BRES by a friend. A small mining company where you don't understand the risk/reward and the timeline which would decide the company's future. You should do your own research and understand the way small mining works or never invest in it. |
Posted at 14/3/2025 21:57 by goodbuyexsell I bailed out of Bres sometime ago. I could not then, and more so now see this company making any money from Oram Cross. Two years ago MR dug 200 ton’s of one meter deep earth and shipped it to China. Some weeks later, a photo appeared on the BRES website of approx 1 sq meter of extracted Graphite from the 200 ton’s of earth. A few days later another photo appeared of the BRES team sitting around a table with the Chinese. The body language said everything. Videos of MIKE R have always been just enough for investors to hang on. Eh Ed n the shares were 5p the Mkt Cap was £12,000,000.The US Govt has invested $5,000,000 and African bank is now involved, shares get c dc mashed on certain days. Yesterday I listened to a BBC Radio programme called More or Less, in the particular episode below it highlights the costs of extracting “Rare Earth Metals” More importantly, who controls the price. That linked in with the risk at Orom Cross I am satisfied with the £15k I sold Bres stock for and reinvested in Rolls Royce @£2.11. I was talked into buying Bres by one of my friends who sold at the same time as I did. I have not come back here to rub noses in the ground, but at today’s prices I think Bres investors need to re-evaluate their investment. I was not happy with such a large spread and I could not understand why share prices always fell after a MR statement. More recently I think there is some “shenanigans&r The only news investor are informed of is when BRES releases a press statement. Who many times has MR issued a positive statement, then big sellers pile in to unload. If you do watch the video below, scroll onto 2 mins and listen until that section of the show has finished. It shows how China controls the price. |
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