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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.65 | 08:00:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.65 | 4.65 | 4.65 | 4.65 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 10/4/2024 16:23 by 1chrism It's a macro problem. Interest rates/inflation have strangled AIM investment. I think it is understandable that investors have opted for safer investments but it has unilaterally hurt public companies on the LSE and in particular new and exploratory businesses, AIM specifically is the example.A reduction in interest rates will be an acid test. |
Posted at 08/4/2024 18:29 by rogerbirds Further to my last thread post, here’s some additional factual news: the first trucks carrying the 600 tonne samples have today started arriving and been unloaded at the Jilin processing plant complex. Let's hope we find out who the mystery investor is BEFORE these processed sample results are known! Good luck all. RB. |
Posted at 27/3/2024 15:50 by gisjob2 Completely agree! I like MR, but he's taken his eye of the ball regarding updating the market and loyal shareholders here. If there's going to be a delay at least update the market and explain why and reassure investors all is well.I'm not panicking yet and will give MR the benefit of the doubt but he needs to meet us halfway and give us something to work with. |
Posted at 13/3/2024 18:27 by calculator13 They were suppose to issue a prospectus end of February and a potential investor chucking in £2.5 million according to the last RNS. Also $1 million from DFC. So news overdue. |
Posted at 20/2/2024 11:43 by rogerbirds Let’s all hope that the upcoming ‘Strategic Investor’ is someone of note or better still a significant multinational player! Not long to wait now before we all find out. GLA. RB. |
Posted at 06/2/2024 07:11 by rolo7 5p placing but who is the investor? |
Posted at 31/1/2024 12:13 by supercity I do own shares but not many.I bought at 4p and sold three quarters at just under 6p last year.I don't get attached to shares and always take a step back when assessing them.It's obvious to any investor that a company currently losing money with little or no income will need funds, whether they put it in an rns or not it's blooming obvious.I don't see what all the panic is about if you believe in the long term plan then hold.I don't see any reason for the shares to be rising in the next six months at such an early development stage so I might buy some more I might not - I will see where the share price starts heading.Too many investors need to learn to not yap yap at others like a jack russel just because they don't like an opinion - more often than not the yap yappers end up being proved wrong long term |
Posted at 30/1/2024 14:56 by rolo7 Investors moved to gmet same first equity |
Posted at 24/10/2023 09:30 by apfindley Agree.Or for the Chinese to even sneak the asset away from investors.The US route is far more secure for investors. |
Posted at 17/8/2023 10:31 by goodbuyexsell Found this on Twitter this morning.Why 90% of junior mining companies will likely fail and why Blencowe could succeed! It’s a fact that not many junior mining companies will make it to the big time but in this blog I explain why I believe Blencowe could As junior resource investors we are presented with literally hundreds of potential investment opportunities whether they be oil and gas or junior mining companies. Picking potential winners is not easy but if you back the right company at the right stage, returns can be life-changing. traffic industry charging car Sadly a high portion of these so called early stage resource investment opportunities are designed such that the investor, particularly retail like you and I, will never see any meaningful return. Yes you can trade said names and jump in on popularity windows and some do just that successfully, but the reason why most resource stocks do not make any meaningful long-term returns for shareholders is they are designed to be ‘life style’ companies and by that I mean supporting the life-style of the board and/or connected third-parties! For example, a certain popular nickel mining company that had an asset in Russia spent the last 10 years going through the motions of scoping study to DFS etc whilst continually raising large amounts of cash via discounted dilutive placings and death spiral CLN’s (the CLN holders creamed loads of money selling stock at a no risk discount!) – did the board care? No, the CEO for example at my last look paid himself around £400k in salary and bonus! Said company finally sold the asset returning a dividend of 1.8p per share to shareholders. Ultimately those who had invested in the company at a far higher price got back a pittance due to the continuous dilution. The chart below tells the sorry story, but the point here is, this is an example of a life style company one where the only winners are the board and the city investors who got the CLN deals! I can name countless other junior resource stocks that have or will likely fail, so what differentiates a junior resource stock and in our case mining resource stock. By the way it’s not all doom and gloom, I covered Horizonte Minerals a few years back when it traded at c.2p and the company went on to multi-bag for shareholders and finally achieve project finance that should see the company become a full scale mining company eventually paying handsome dividends! Another one, Afritin Mining I covered is making great strides forwards choosing the path of organic growth and one I believe will also become one of the major tin mining companies globally. So here are a few things I consider differentiates the winners and increases chances of success: Quality Asset – high product quality/grade with significant scale and JORC Resource, a potentially globally significant resource. Management Team that can deliver, have done so before and who are importantly aligned and controlling share dilution with the ability to attract high quality investors. Technical Approach: a quality development process culminating in a detailed DFS that can be taken to potential financiers and stands up to the highest level of scrutiny, or alternatively, Organic Growth: a company that can raise Capex for a smaller-scale mining operation and grow the business organically, re-investing cash flow into the scaling up of the business. How Blencowe shapes up currently… Blencowe’s Orom-cross graphite project in Uganda is increasingly looking like a top tier asset with a JORC Resource of 24.5m tonnes @ 6% TGC (just 2% of overall est. resource). The results of test work to date further back up the quality of the project and we should see final results from the larger-scale bulk testing in the coming weeks. A quality DFS is critical to Graphite mine funding A DFS or Definitive Feasibility Study can come in different shapes or sizes depending on what outcome is required, but it should essentially culminate in all the mining studies being completed to a level where firm economic numbers are known and answer all questions that potential financiers need answered including any risks. Some companies will simply produce a ‘desk-top&rsqu Blencowe know this and this is a clear differentiator. I believe they are planning to spend over $5m on their DFS and hoping to attract a good portion of that finance from the US Government (DFC) see my previous blog whereby Blencowe have already met the DFC’s investment criteria. In a recent catch-up I had with Mike Ralston CEO, he explained that it is absolutely critical to ‘prove-up&rsqu Results thus far have been extremely positive with a recent trip by the COO and Ugandan in country mining officials to a China processing facility. We should get the final results in the coming weeks. Successful test results will further support off-take contracts and the company said this week that off-take negotiations are already happening. So Blencowe really are ticking all the boxes now with the project quality being validated by extensive testing, a Management Team that appear to have all the right connections and an understanding of the technical approach that should culminate in a DFS fit for purpose, namely, that of obtaining final project finance which could well eventually also come from the DFC given their high interest in graphite projects in Africa. Blencowe is in that early stage sweet-spot similar to where I covered Horizonte Minerals and looks like it could offer similar returns if they keep delivering as they have. Don’t forget to follow me on twitter for more updates |
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