Blencowe Resources Share Discussion Threads

[czar] 01/3/2021 07:05

This little company has been completely overlooked by the London market IMHO.

"These factors all combine to underline our belief that Orom-Cross is emerging as an outstanding graphite project. We are within the early stages of a once-in-a-lifetime extraordinary passage where an entire (auto) industry begins to shift from fossil fuel energy to electrification, and this will require a material amount of graphite to support the lithium-ion batteries used to power electric vehicles (EVs). Graphite makes approximately half the weight of each Li-ion battery, some 50kgs on average per battery, and analysts are all predicting substantial demand for high quality graphite. Orom-Cross is fast shaping up to be a robust graphite project in terms of size, scale, quality and location to meet the future supply requirements of graphite ."

[divmad] 17/2/2021 15:02

That would be a welcome additional positive for bres. Have you compared bres with ACP, in the graphite space? They are a bit further advanced in terms of their project.

[echoridge] 17/2/2021 13:58

China - I am working on it, though I would so much rather contribute than oversee! Rolo - you cant buy any inside the current spread (though there is some size just outside, at 9.5), and that's bc there's a pretty substantial buyer just below 9p, ,which brings me to the following: I think the focus for shareholders, at least for the short-term, should be on the arrival/launches of 3 major investment vehicles from 3 giants of the mining space: Mick Davis, the ex-Xtrata legend in his own mind, Robert Friedland of Ivanhoe Mines fame and Brian Menell at Techmet. This massive inflow of cash is going to be focused all or in part on the minerals crucial to the battery/clean energy space, and I reckon Bres is on most 'must see' lists when brokers are pitching high grade/low cost graphite projects on-line in the next few years. In other words, I think we could see a further decent move here just on the back of some stake building. More soon.....

[rolo7] 17/2/2021 13:37

cant even buy 10,000 online.

[chinahere] 17/2/2021 13:26

Hey Echoridge - did you ever get to learn how to add stuff?

I still am not sure but found this which implies you can edit it and add things:

[pauliewonder] 17/2/2021 10:08

Ford have just announced that their full range of vehicles will be all electric by turn of the decade. Looks like this really is the place to be and we are here at just the right time

[euclid5] 16/2/2021 14:15

Jaganda Mines PEA - have a £27m market cap / we are at £10m

The results of the PEA at current 5.5Mt of resources, as shown in the summary below, indicate an initial capital expenditure ("CAPEX") of US$9.5 million for a 1.1Mt ('million tonnes') per year operation to deliver a NPV of US$106.5 million post-tax and 317.8% IRR.

[rolo7] 10/2/2021 12:34

the latest one:

[echoridge] 10/2/2021 11:50

thnks china

[echoridge] 10/2/2021 11:50

very weird. for some reason, what should be 'https' at the front of the link, is coming out 'hxxps'. i'm sure everyone can make the adjustment though

[chinahere] 10/2/2021 11:49

All you have to do is make one of the https characters a Capital - weird!

[echoridge] 10/2/2021 11:48

one more time.... hxxps://audioboom.com/posts/7765673-equals-positive-trading-update-blencowe-resources-graphite-project-progress?t=11m50s

[echoridge] 10/2/2021 11:46

sorry....hxxps://audioboom.com/posts/7765673-equals-positive-trading-update-blencowe-resources-graphite-project-progress?t=11m50s

[echoridge] 10/2/2021 11:44

Meantime, in case anyone's missed it: hxxps://audioboom.com/posts/7765673-equals-positive-trading-update-blencowe-resources-graphite-project-progress?t=11m50s

[chinahere] 10/2/2021 11:42

Thanks - I welcome your candid explanation! I don't know how to do it either - I did adorn a thread about 10 years ago I think but can't remember how I did it. Good luck!

20p you say - that makes me think.

[echoridge] 10/2/2021 11:36

ok, full disclosure. I did see the request to do this a few weeks ago and I ignored it as I am involved in a couple other companies which were, how should I put it, going f-ing nuts. Now, my attention increasingly on bres, I have to admit that I am a useless old codger and am at present unaware how to do what you request, but I promise to find out and remedy the situation soon. Honestly, my intentions in starting this board were honourable as I believed - and believe even more so now - that this is not just a world-class resource, but increasingly unique for its size, grade quality and jurisdiction. The JORC release by next month-end will make it impossible to buy this share below 20p in my view. So I guess I better get busy....

[chinahere] 10/2/2021 10:34

Echoridge - have you decided not to put a chart and RNS in the header then? It would be useful as getting that information from above times-out for non-payers.

[chinahere] 10/2/2021 10:34

It was Elon Musk I think!

[echoridge] 10/2/2021 10:16

ok, which one of you skallywags is responsible for the 6 blocks of 1m+ shares that have gone through this morning?

[rolo7] 09/2/2021 09:09

Railway useage is planned later for the lower grade graphite to reduce cost of sales when line has been built.

[euclid5] 09/2/2021 08:47

The Orom Cross Graphite Project seems well-placed to be able to fulfil long term demand for high quality flake graphite. It is worth investigating the sort of numbers that the PFS could suggest. We already know that the graphite is characterised by large and jumbo flake size with both high grade and purity that is in short supply and demands a premium price.

Producing 25,000tpa of high margin graphite on the sorts of low-cost numbers mentioned above looks as though it could generate US$30 million cash flow per year (at weighted average US$1,250/t), or US$300 million over the first ten years life of the project. If the total operating cost of US$350/t can be achieved this considers an operating margin of US$900/t or US$ 22.5m pa.

If prices rise over the next decade due to flake graphite shortages as forecast this could have a significant incremental impact to the positive. If the market can absorb more than 25,000tpa then the plant can be up scaled quickly to accommodate this, again with substantial upside potential. Hence the PFS could suggest an initial NPV (10) of US$100 million, with opportunity for this to grow over time, but the key to achieving such a figure is good flake size, high recoveries and low operating costs – all of which the company will be working towards throughout 2020.

[echoridge] 08/2/2021 19:07

A general bit of advice for all small shareholders: stop trying to use the buy/sell information various services like advfn provide. Every bargain has a buyer and a seller of course, and broadly speaking, the rationale used to register any particular trade as a 'buy' or a 'sell' is often useless. This particular trade indeed shows as a 'buy' on the trade recap, but was likely initiated by a seller who gave an order to a broker to work the block over the entire day and then the broker booked the trade after the close and somehow it registered as a 'buy'. Regardless of the exact details, this simply serves to illustrate how arbitrary this information can be and therefore it is best for pi's to simply reflect on the price and size on any individual trade and the overall daily volume trends and leave this buy/sell info alone.

[euclid5] 08/2/2021 18:15

must of been a worked order buy or the day - doubt they would of got 7.50p for 2.5m if it was a worked sell order.