The DFC funding has never moved the price in the past.
We can guess the test results are good already and with possible off takers.
Commencement of drilling will not make any difference, because it's not finding a new mine just steeping out to increase an already known resource, I'd be surprised if they even RNS the commencement of drilling to be honest, it's part of the DFS
Offtakes would need to be just a MOU until after the DFS so that won't increase the price much and a JV is unlikely until the DFS is completed
The BRES share price is reliant on the DFS, which has been delayed a little and is probably due in late H1, there may be a bit of an uptick in anticipation of this but this is what we're all here for. I think Orom-Cross looks a great project and if the DFS is completed in the next 8 months then I'll be more than happy. |
Thanks for the humour m_night. Back in the real world........ |
I can't see anything other than the DFS moving this significantly and that's not likely until Q2 next year at the earliest, but happy to hold. |
15p? Absolute piece of p1ss as mcap is only £30mil at and the minimum buyout price would be considerably higher t £100mil.
News to get this to 15-20p quickly:
-DFC funding arrival
-Final test results
-Commencement of drilling
-Offtake and JV news
We know all of these items are imminent.
Then early next year completion of the DFS, completion off the offtakes and completion of JV. All of which takes the market cap to £100m+. |
Well it might. |
Might make 4p this week ,soul ? |
You mean this year m_night?
Good luck with that one but it did give me a chuckle. This will be still working hard to get back above 4p by year end. |
I can see it finishing the year at around the 15p mark.
Note the market cap is only £7-8MIL whilst Kodal with all its problems is £50-100MIL.
BRES already has a huge proven resource, countless excellent test results, massive support from both the local GOV and US GOV. Now with Trump in too who will be even more fierce against China so I expect the DFC to move even more quickly.
More importantly soon the company will have:
+Offtakes, perhaps two 50% each or one large 100% agreement
+Joint Venture
+Further DFC support
+An even larger resource
+A comprehensive DFS
Couple all of the above and if we assume a very conservative re-rate to £40-50MILLION market cap then we will to 20p a share quite quickly.
If we see a boom market in 2025, then I don't see why this doesn't do a KODAL or PREM or ALL and go to £100-200MILLION+ so, 40-80p a share.
Overall a fantastic opportunity for me with plenty to come together quicjly. |
Looking at the chart it might form a double bottom at 3p. Maybe the next bucket shop fund raise price with 4p warrants. All in my opinion and do your own research. |
They still need more funds. The original DFS, for a graphite mine on its own doesn't make any money in the current climate, so zero value there. So they need the add on plant downstream. That also requires funding and DFS completing. Nobody knows how much money they need for that as they haven't made it clear. We only know they are not fully funded. I will take a look again after the next fund raise in about 6 months time. So good luck. All in my opinion and do your own research. |
 I really think the share is at a turning point to add serious value within the next few months now that it has fresh funds along with a fair whack to come in via the DFC.
Note the market cap is only £7-8MIL whilst Kodal with all its problems is £50-100MIL.
BRES already has a huge proven resource, countless excellent test results, massive support from both the local GOV and US GOV. Now with Trump in too who will be even more fierce against China so I expect the DFC to move even more quickly.
More importantly soon the company will have:
+Offtakes, perhaps two 50% each or one large 100% agreement
+Joint Venture
+Further DFC support
+An even larger resource
+A comprehensive DFS
Couple all of the above and if we assume a very conservative re-rate to £40-50MILLION market cap then we will to 20p a share quite quickly.
If we see a boom market in 2025, then I don't see why this doesn't do a KODAL or PREM or ALL and go to £100-200MILLION+ so, 40-80p a share.
Overall a fantastic opportunity for me with plenty to come together quicjly. |
Was the intraday 3.3p the bottom?. Quite a nice recovery later.
I guess it's irrelevant in the longer term, Either Orom-Cross goes ahead with all the bells & whistles promised by MR and the share price is many multiples of todays or it doesn't and the company is destined for the dustbin.
Personally I have every faith in the project at present. |
I didn't really see why retail investors would take up the 4p offer either in these circumstances the price often dips just below the offer price.
It's easy to see why investors are frustrated. |
I do hope MR is keeping an eye on the share price and realise what his surprise fundraise has done. It appears a lot of shareholders have lost faith in Mike. It was a really bad look to discuss in his last interview some upcoming value enhancing news about to appear and before it did change tack and issue shares.
I'm disappointed in these actions but this is Mike's first miss-step so willing to give him the benefit of the doubt for now because the project looks great. There is no doubt that this fundraise has tested my patience though, I added a few when the news arrived but will not tolerate another disappointment like last week
Getting it in perspective though this sell off is well overdone considering how small the share issue was. |
I think you misunderstood my point |
Why is that bawbag ?There is no logic to your statement because you just make shyte up |
I'm not sure about that, but hard to see a negative slant on the size of purchases made by the COO and marketing consultant. They should have the best idea of where this is heading |
Usually a good sign when the bb detractors appear |
600 tonne bulk sample went from Orom Cross to Mombasa Port by road....not magic carpet. |
Goodbuyexsell,
Do you guys ever do your research ? Thought not
I know you just hussle on various sites so here's my one answer to the $hite you've just posted.
Transport links are good in Uganda so no need for road upgrades
But and here's the thing you either know full well or are just too thick to research
The plan is for the majority of the product not to go to port initially but to build a SPG plant 30km away (not 100 miles to port as you claim) This will treat the Graphite and turn it into 99.9% pure SPG.
This has numerous benefits. The offtake from the mine will be treated here for the life of the mine.
SPG is worth around $2500 per tonne rather than graphite concentrate around £500 per tonne.
The cost of transporting the final SPG is massively reduced for 2 reasons.
1. the 99.9% pure SPG means BRES are not paying to transport impurities thus less transportation costs.
2. The costs of transporting the SPG will be shared with their 50/50 partnership owner of the SPG plant.
There you go, you'd need to try much harder than that!
Goodbuyexsell filtered. or should I say Goodbuy |
Blencowe wrote the followingBlencowe Resources PIc (LON:BRES) 1h#BRES Retail Offer launched closes and has raising additional £117,875.60 at 4p through issuance of 2,946,890 Retail Offer Shares |
Proper played with this ticker, showing its real pps. I've become a real bag holder with this tripe ? |
gisjob2, Its easy to work out. This project needs money to get the end product to port. There is no proper road. 100 miles of rough terrain. There is no confidence in Bres anymore. It could not raise the the full amount at 4p for more digging. Question MR not me on the logistics of transportation. As I said in my previous post, I wish all investors well, but it is not for me ....too much conjecture. |
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