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BRES Blencowe Resources Plc

4.85
0.44 (9.98%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blencowe Resources Plc LSE:BRES London Ordinary Share GB00BFCMVS34 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.44 9.98% 4.85 419,280 16:35:02
Bid Price Offer Price High Price Low Price Open Price
4.50 4.80 4.75 4.65 4.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -1.4M -0.0067 -6.94 9.74M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 21,000 4.85 GBX

Blencowe Resources (BRES) Latest News

Blencowe Resources (BRES) Discussions and Chat

Blencowe Resources Forums and Chat

Date Time Title Posts
16/4/202418:43Blencowe Resources with Charts1,910
12/1/202300:37Bulk samples1
04/10/202113:31Blencowe - Old economy entry into the future212

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Blencowe Resources (BRES) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 15:35:024.8521,0001,018.50UT
2024-04-23 15:10:574.701,99093.53O
2024-04-23 14:18:204.705,271247.74O
2024-04-23 13:17:274.501024.59O
2024-04-23 13:16:244.8020,556986.69O

Blencowe Resources (BRES) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Blencowe Resources Daily Update
Blencowe Resources Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker BRES. The last closing price for Blencowe Resources was 4.41p.
Blencowe Resources currently has 209,379,950 shares in issue. The market capitalisation of Blencowe Resources is £9,736,168.
Blencowe Resources has a price to earnings ratio (PE ratio) of -6.94.
This morning BRES shares opened at 4.75p
Posted at 15/4/2024 14:19 by goodbuyexsell
Further to my post on the 11/4 /24, this morning another repetitive post, share price goes up. Then a million shares are dumped. There is a pattern here. Post comes out shares rally, shares dumped. No prospectus.
Is it me or does anyone else feel the same.
Posted at 14/4/2024 22:24 by pauliewonder
Alan Green"All of the elements are in place to see a massive re rate of the share price for Blencowe".Also makes reference to First Equity's 73p price target. That's nearly a 20 bagger from here to get to fair value:https://youtu.be/Dkoi0GVfmqc?si=eU8qoK7I6DDefFzz
Posted at 10/4/2024 09:04 by soulsauce
If only the 'what an excepetional graphite project Orom-Cross is' transferred into a more palatable share price.
Who knows what or who is controlling the share price but it stinks.
Posted at 29/3/2024 00:42 by 1acert
Mr is not worried about the share price or markets because he knows what’s to come. The silence is deafening.
Posted at 19/3/2024 09:28 by ncp3
Prediction: No prospectus this month = closing share price (at best) of 4p on 28/3. I anticipate this because we haven’t even had the promised communication update to shareholders prior to the prospectus publication. Very poor!
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 29/1/2024 07:28 by pauliewonder
Great interview from 16m re: BRES with Alan Green:https://m.youtube.com/watch?si=ROlAWvrv5yInd-0K&v=bxAHXsswRac&feature=youtu.beStates he can't understand why the share price is so low, refers to broker note TP of 23p and states "I don't think you will ever again be able to pick up Blencowe shares so cheaply at 4.3p".
Posted at 30/10/2023 10:12 by gisjob2
With the SPG results now in and extremely positive I can't see how a large suitor could ignore BRES going forward, even a generous bid would be small change to a lot of these companies and allow them supply security.

The worry is we get an opportunistic bid, however I trust Mike Railston to not give the company away on the cheap now the resource has been proven to be top notch. Maybe some of the share price telephone numbers we all dream of might not be realized if someone took a chance before the DFS is complete.

MR & the team have done brilliantly well up to now to negotiate every hurdle. The bulk sample results were great, the SPG results again exceeding expectations and the DFS part funded, yet the share price has barely moved. I can't see how the value won't one day be realized. I guess the strange thing is if the share price had started to motor today people would have started piling in, instead it's all pretty static in the market.
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.
Posted at 15/8/2023 07:44 by pauliewonder
Firmly believe that this is the start of the buyout happening here. We are in the end game here and that's why I topped up twice yesterday.It will play out as follows. 1. BRES to meet with "large" Chinese interested parties. One of these parties will look to take out BRES in order to secure their graphite needs over the next 10-15 years2. This is crucial to do now given the pending chronic graphite shortage and that graphite prices haven't yet exploded, although will do at some point in the future 3. Acquisition will significantly enhance acquirers margins as they are able to purchase graphite at cost price rather than market price (saving around c. 800-1,000 US dollars per tonne)4. The acquirers will be given support from the Chinese government through subsidisation, with excess graphite to be used by other Chinese companies 5. The above is able to be done by purchasing BRES for less 100 million US dollars - equivalent to an share price of circa 40p, which would likely be approved ie 8 x the current market cap
Blencowe Resources share price data is direct from the London Stock Exchange

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