Blencowe Resources Share Discussion Threads

[soulsauce] 17/5/2023 12:38

Good post gisjob.
Hard to believe we have dropped back below 5p but that is the nature of the market.
I have feeling we may be bought too. I think it would be in Mike's interest to keep banging the drum so that it doesn't go on the cheap.

[gisjob2] 17/5/2023 12:15

I must admit I read all the great updates on here from the Webinar and because they were so informative I only got around to watching the whole thing myself yesterday.

I was very impressed with Mike Ralston and his delivery. He seems ultra bullish to me.
The deadlines over the last couple of years have been stretched a bit but I'm very happy we're not giving away part of the project on the cheap.

This supports the view that Mike is very confident about the quality of the graphite and rather than grasp at the first deal coming along he wants to retain full ownership until the last possible moment, to obtain as much value as possible. I'm of the view BRES will be bought out in full before mining any graphite, but a partnership is a possible alternative.

[divmad] 17/5/2023 10:36

Normal service has resumed, in between the morale boosting Ralston interviews.

[nicau] 13/5/2023 04:33

Hi BRES investors, new to the forum but been reading and following your news for some time.Keep buying and holding, it's dirt cheap. Next year nice price movement but keep holding. It's a gem and lines up with the EV market perfect in 2030.Appreciate your valued input Paulie!

[rogerbirds] 11/5/2023 17:21

Paulie, perhaps you should now ask for a seat on the Board?

[pauliewonder] 11/5/2023 17:13

Thanks Divmad, thought I may have missed that. Positive regardless. Also note that some of the buys today are reported as sells - see 1:58 buys of around 215k each

[divmad] 11/5/2023 15:48

Hi Paulie,Yes I agree with you. Just one correction though. Mike did previously state that a smaller sample had been sent to Chicago for testing. I thought at the time that it was a shrewd move, to potentially play off the monopoly position of the Chinese.Still not sure how the end game here will work out, if the Chinese come on strong with their better testing quality info . Even though Mike did say that there was room for Western and Chinese involvement, I can't quite see that happening. Orom Cross could well be strategic, for the end buyer.

[pauliewonder] 11/5/2023 14:52

Investor Webinar RecordingBlencowe Resources is pleased to announce that a recording of the Investor Webinar, held on 9 May 2022 is available to watch online.The most recent copy of the Company's corporate presentation can be found at the following link: https://blencoweresourcesplc.com/presentation/

[soulsauce] 11/5/2023 14:22

Nicely paulie 👍

[pauliewonder] 11/5/2023 13:45

Topped up again today. Own nearly 1% of the company now lol. Couldn't buy a single share on the market so had to put an order in to be dealt. Could sell any amount. Tells you something.

I have never been more bullish about BRES. They are on the cusp of receiving $4.5m which will go most of the way to funding the DFS. MR was very confident in receiving the grant and said that whilst they receive the money as lump sum, their expenditure will be on a weekly / monthly basis, so there will be mo large lump sums outgoing. This means BRES will have cash to take into any future negotions.

I fully expect that once the DFC provide the grant (within 6-7 weeks), we will shortly afterwards receive confirmation of a US funding partner at a project level. For me this is likely to be an end client.

It was interesting that he alluded to testing work also being done in Chicago at the moment, which as far as I am aware had not previously been mentioned. I wonder if this is something to do with an end user??

[divmad] 09/5/2023 17:05

And quite coincidentally, Paulie, I topped up twice this afternoon also. Irresistible value for a LTH.

[bigglesbingham] 09/5/2023 16:34

Cheers Pauline topped up on back of your good work - no pressure then ha ha

[pauliewonder] 09/5/2023 16:24

Topped up this afternoon. Very happy either the update by MR. Clearly the scale of the opportunity is massive, and whilst it is taking a bit of time, we are very close to project funding and that will be a game changer. It was very interesting today when he was talking about the opportunities that have already presented themselves due to the association with DFC. I agree with those that see BRES being bought out, but think this will happen within the next 6 months built a US player

[flashheart] 09/5/2023 15:53

It won't get anywhere near production though will it so an irrelevant statement. It will be bought out for a handsome premium by a much bigger player long before that as most junior exploration miners are.

[thomas11] 09/5/2023 15:49

Taken from update date Sept. 2022

“ Blencowe has targeted bringing Orom-Cross into initial production before the end of 2023”

Taken from Prenentation today “Commission in 2025”

In 7 months the project has been delayed 2 years! As everyone here states great update can’t think why the share price has fallen.!!

Just think of the progress in the next 12 month. (Another 3 years of delay). Typical small miner, can’t deliver on any published timeline, always underestimating complexity of project management.

Having said that looks a good resource at the right time.

[soulsauce] 09/5/2023 14:12

No he has said we don't need to raise that money yet.

[rolo7] 09/5/2023 14:08

placing coming to match usa 50% grant?

[soulsauce] 09/5/2023 14:04

Agree sloppyg a big misread indeed.

[sloppyg] 09/5/2023 14:02

Didn't see your post Soulsauce !

[sloppyg] 09/5/2023 14:01

Agree strange market reaction.

Perhaps some have misinterpreted the statement that project level finance is off the table for now (previously company had referenced Dec'22). The reason being that the DFC funding is as good as Mike has seen in his 25 years (words to that effect) hence no need to give away too much of the project at this stage.

That or perhaps people expecting some sample results.

Either way a big misread imo.

[soulsauce] 09/5/2023 13:56

I think some folk have seen the cancelling of the corporate level funding as a negative even though Mike says the DFC deal is much better in the long run.

Then again this always does move in mysterious ways.

[divmad] 09/5/2023 13:48

Yes indeed, but why the selling pressure? What else were folks expecting?

[mavern] 09/5/2023 13:33

Many thanks for your comprehensive update PW very much appreciated!

[soulsauce] 09/5/2023 13:27

Great work paulie.

Excellent webinar. Potential of big rewards here over the next 12mths.