Blencowe Resources Share Discussion Threads

[pauliewonder] 02/5/2023 06:22

Good to see that the company is looking to increase its exposure. The investment case is not the problem here, it's simply that the share is under the radar of most investors. Once the herd arrive, this will multibag in short time. I'm my view we should already be multiples of todays share price and this is the most undervalued share on the market

[pauliewonder] 28/4/2023 17:30

Another podcast on BRES. Not had chance to listen yet but generally Alan Green is positive on BRES: https://www.voxmarkets.co.uk/articles/alan-green-talks-about-audioboom-ondo-insurtech-blencowe-resources-a675070/

[soulsauce] 28/4/2023 11:30

Thanks paulie. Easy 5-10 bagger from here with an 18mths timeline.

[pauliewonder] 28/4/2023 11:00

Blencowe Resources passes "key milestone" with DFC - Proactive Investors


- Passed key milestone in relationship going forward
- DFC is a huge tier 1 financial insti
- Loads of experience in dealing with critical resources / minerals
- Entered into agreement and passed screening stage
- Now onto DD and potential grant to access up to 4.5ml dollars
- Excellent development / milestone
- Having a big strategic partner one of the most important things
- Firstly get pre qualification of end product
- At the end of it we will look to get significant contracts and offtake agreements
- DFC effectively a defacto proxy for the US govenrment
- Showcases US gov desire to get relationships with companies who have access to critical minerals like graphite
- Lots of newsflow ahead
- Definately be back with more news going forward

[pauliewonder] 28/4/2023 07:38

Good spot SS. Can see a private US company taking a stake here, possibly even full buyout in the next six months. There is no chance at all that BRES will or can go it alone. OC is just too massive

[soulsauce] 28/4/2023 07:25

Finally the news is sinking in.

I wonder if Jangada might be willing to stump up some more cash for Bres 50% of the Dfs costs. I see they have put a Rns out this morning regarding our news.

[pauliewonder] 28/4/2023 07:17

This is the problem with BRES. Very small liquidity available. Topped up twice this morning and each time had to fill or kill because any level of buying is difficult. Hopefully, should mean when the heats arrive, this multibags very quickly, possibly even in a day like Vast did where it four bagged in a day due to low liquidity

[divmad] 28/4/2023 06:44

And is Ralston the kind of guy who will sell his soul to the highest bidder, regardless of geopolitics?

[divmad] 28/4/2023 06:42

How will the Chinese react now? Can't imagine them playing by the book, if they really want this asset.

[pauliewonder] 27/4/2023 18:56

Gobsmacked by the lack of response here sp-wise. Going to top up tomorrow morning as long as I can get in below 6p

[yabawbag] 27/4/2023 14:58

This resource is basically now in auction between the US and China and was always one of many goals when sending out samples to US and China.

[soulsauce] 27/4/2023 14:56

Building again now.

[gisjob2] 27/4/2023 14:53

Well that was a short lived spike ! I really don't know what it will take to shift this share price. Let's hope the Chinese testing results finally do the trick.

[yabawbag] 27/4/2023 14:47

https://spongeshare.com/2023/01/16/blencowe-initiate-final-metallurgical-test-work-programme-following-award-of-export-license/

[soulsauce] 27/4/2023 14:40

Yesssss nice news 👍

[yabawbag] 27/4/2023 14:37

Samples were also sent to US

[teamrilex] 27/4/2023 14:30

Wow! Rocketing! I'm confused... Chinese sampling, US funding?? And where's Mike Ralston?? Not complaining, btw!

[divmad] 27/4/2023 11:39

Must be getting close to the point where the Chinese have completed their bulk sample testing. Ralston did say, a few months, back in Feb, when the bulk sample rns came out.

[soulsauce] 27/4/2023 08:10

Well said CJohn.

[cjohn] 27/4/2023 08:07

Hi soulsauce,

one post feeds off another. You don't need to look any further for explanations.

cyberbub raised two inter-related issues: the ethics and financial risk of investing in domains with authoritarian governments with unpleasant policies.

I have 25k sterling invested in BRES. I wouldn't put more money in here, because of the realistic political risk. But if the mine goes forward and isn't expropriated, the potential huge upside is clear.

Ethically, I think we SHOULD engage with Uganda and other countries; increased wealth, other things being equal will tend to bring more tolerance for minorities, as it has in the UK.

[rogerbirds] 24/4/2023 17:23

Strong close and encouraging volume with chunky trades (again) today. If I've said it once... this resource is simply too large to ignore!

Good luck all.

RB.

[soulsauce] 24/4/2023 17:00

Unfortunately if we are ever going to fulfil the need for the green agenda there will be lots of countries we are going to have to deal with that we may find some of their policies repugnant.
As far as Uganda goes, well let's just say there are a host of countries that are much worse.
I am not sure why this is suddenly getting so many posts now we are going up. If I was cynical.......

[rogerbirds] 24/4/2023 08:47

Whilst we await news on multiple fronts, people who are unaware of it might want to read the following FT article from January 2023 which is clearly helping drive the miner ZIOC higher again today (and, as has already been noted here, in the last few months trade sizes in BRES have clearly increased):

Saudi Arabia launches mining fund in effort to reduce oil dependency
Investments up to $15bn aim to secure access to minerals used in solar panels, electric cars and other industries.

FT: Leslie Hook and Harry Dempsey in London and Samer Al-Atrush in Riyadh January 11 2023

Saudi Arabia has launched a mining fund that plans to invest up to $15bn of capital in overseas assets according to people familiar with the details, as the country works to reduce its dependence on fossil fuels.

The venture, 51 per cent owned by Saudi state-owned miner Ma’aden, with the remainder owned by the country’s Public Investment Fund, will take non-operating minority stakes in mining projects internationally, the two companies said on Wednesday.

That will help Saudi Arabia, which is the world’s second-largest oil producer, to secure resources such as iron ore, copper, nickel and lithium for domestic mineral processing and other industrial activities like steelmaking.

The companies said that the fund’s initial capital would be $50mn and the two shareholders would provide just over $3bn “if additional funding is required”, according to a joint statement.

However, two people familiar with the fund’s plans said that Saudi Arabia has publicly downplayed the scale of the investment plans and that the $50mn represented its first year of working capital and the $3bn the amount intended for investment over the next 12 months.

Given the scale of projects in commodity markets, the fund is prepared to deploy more than $15bn of capital for investments over the coming years as suitable opportunities emerge, the people added. PIF declined to comment beyond the statement.

The fund has signed on Tarmo Haehnsen, formerly a senior executive at Anglo American, as its chief investment officer, according to two people with knowledge of the matter.

The new fund comes as the US and Europe race to catch up with China in securing access to critical minerals that are used in strategic manufacturing industries such as solar panels, wind turbines and electric cars.

The investments will provide “critical minerals to ensure supply security for domestic minerals downstream sectors and [position] Saudi Arabia as a key partner in global supply-chain resilience,” the companies said.

The strategy of the fund has parallels with Japanese trading houses, which took equity stakes in mining projects during the country’s postwar industrialisation to supply manufacturers.

GLA.

[gisjob2] 23/4/2023 18:52

I think I also used the term abhorrent!

Penalising the people of Uganda due to it's corrupt leadership does not make sense to me. Nor does casting aside a country like Uganda. The only Guarantee of this kind of action is more of the same on behalf of the dictators. More and more draconian rule with no hope.

Uganda can be better than this and I for one knowing a little about the country am happy to invest in Uganda and it's people. Creating employment and investment can only be a positive where few positives exist.