Blencowe Resources Share Discussion Threads

[divmad] 08/8/2023 14:58

And I have absolutely no interest in reading your worthless tripe.

[bradshaw980] 08/8/2023 14:46

Why would I want to suppress the price? I have absolutely no intention of taking a position LoL

[gisjob2] 08/8/2023 14:06

Bradshaw filtered ! I feel clean again ! lol

[bradshaw980] 08/8/2023 13:58

You're the kind of guy that gets his research from these boards ROFLMFAO, good luck kiddo

[soulsauce] 08/8/2023 13:42

That's it make up silly names. And now you know what you are dealing with chaps.
My Upl is doing fine from 0.5p thanks very much.

[bradshaw980] 08/8/2023 13:32

You OK hun? For starters, I was impressed with the IRR (but PFS's are way off the mark, should be industry standard to do THREE economic studies imho!!).... plus never said anything about community issues, simply used it as an example that crops up a lot.The fact that you're so touchy, butthurt and sensitive obviously means your conviction level ain't where it's supposed to be! All imho DYOR! Oh, and who is doing the DFS? And if the market doesn't know yet, after supposedly starting the study last September, why?I'm simply a red flag man...that's my research style! If you don't like it, tough luck baby boi!

[soulsauce] 08/8/2023 12:47

apfindley don't feed the troll. He has been doing the same at PXC and others for months.

[gisjob2] 08/8/2023 12:46

Bradshaw,
For someone who is so concerned about every tiny detail why haven't you researched BRES properly yourself and made your own mind up. Such a nervous investor surely wouldn't take our word as correct anyway.

[apfindley] 08/8/2023 12:44

In one morning you've gone through....1. Synthetic graphite taking the market from real graphite.2. Red flags as the local community will oppose it and stop the show.3. Red flags you can't find the name on an engineering firm.4. IRR not as high as you expect.5. Moaning about who's done the dfs which we're waiting for the US to agree to 50% fund..What a wet little moaner..

[apfindley] 08/8/2023 12:38

Ok. You're clearly here for a game of deramping.Without trying to research or learn you're just pulling out the "what if" in every msg and saying red flags.Onto FILTER you go.What's your main advfn username?

[bradshaw980] 08/8/2023 12:35

What engineering firm is doing the DFS? Always a red flag for me when I can't find it in two minutes. RNS last September said DFS has commenced, so they're almost a year into it...anyone know the engineering firm who will sign it off ?

[apfindley] 08/8/2023 12:26

Eh.? There hasn't been mention of any opposition.The town of Orom is tiny tiny. The project lies a few km to the east and the area is unpopulated (although likely a few smallholdings). The project will bring enough wealth and employment to the very small number of people, there won't be any issues, it's not like trying to buy out whole communities.Google Orom and you'll see what it looks like.

[pauliewonder] 08/8/2023 12:01

Reasons for small market cap:

1. Lack of awareness / interest. Just a tiddler with a small number of shares in issue
COMMENT: This will change in my opinion with the DFC otherwise a buyout will happen soon.

2. DFS still needs to be funded even if they get DFC funding of 50%
COMMENT: DFC is in my view likely to result in a funding solution for the other 50%. MR has inferred this and stated that there are multiple interested parties already (see latest twitter post, most recent interviews etc.)

3. Location - Uganda
COMMENT: This is a very safe jurisdiction and one of the safest in Africa. They are very business friendly.

4. Management hold a lot of shares
COMMENT: For me this is a positive and defends against a cheap buyout although some may see this as a negative?!?!

Also - no risk on local community stopping the project, BRES already have a mining licence and a lot of community support. They mainly employ locals. Also, they have a great Gov relationship - see latest twitter post.

I cant get my head around why this isnt higher.

[bradshaw980] 08/8/2023 11:52

I'm always looking for show stoppers, red flags, fatal flaws on mining projects. Any possibilities here? (Not saying there are, and hopefully there aren't!) A biggie which crops up time and again is the local community opposed to the project, show stopper right there!

[gisjob2] 08/8/2023 11:25

That's what we'd all like to know.
I assume it's because BRES is a tiny company with a huge resource and the market assumes a huge fundraise to mine it. I can't see this as a problem though because BRES will be taken over by the Chinese or US long before any graphite is mined.
The bulk sample testing also needs to yield positive results. The DFC funding though small will inject some confidence into the project I would hope if/when it happens.

[bradshaw980] 08/8/2023 10:08

Cheers mate! I was just throwing the synthetic graphite thing out there as I recently heard it on a mining related podcast. I know nothing about graphite tbf as copper is my game! My only question here is why is the market cap so low with such a tidy NPV and IRR on the PEA/PFS ?

[pauliewonder] 08/8/2023 08:02

Morning Bradshaw 980 - what a great question and the type of debate which adds value here. This was a key concern for me and something that I looked into before investing. MR answers this question in detail here (question is about silicone replacement but he talks about synthetic graphite being more of a risk): 9 May 2023 -Blencowe Resources - Investor Webinar 9 May 2023 - hxxps://blencoweresourcesplc.com/media/

His responses reassured me greatly and has in part resulted in me increasing my stake to c.1%, although I cant seem to buy in any large quantities ATM.

Essentially he states that synthetic graphite makes up c.60% of the total market at the moment although this is likely to drop to 50% (with 50% natural flake). This means that synthetic graphite is actually likely to reduce in per centage terms over time. The table he refers to uses a figure larger than 50% synthetic and there is a substantial and chronic shortage issue that the world is facing. As OC is a low cost producer, it is huge margin, with previous testing indicating its quality is at the very high end.

The reason for synthetic reducing in populatory is because it is energy intensive (not great for EV production), high cost and also a product of the O&G industry. Synthetic wont die out because it cant, there is too much demand and not enough supply. But it has its place alongside natural flake, to which I am not concerned.

My view here is that BRES will shortly be acquired as OC is to big for the company. I am fully expecting this to happen this year although if not, definately next year. OC is too important to the worlds graphite requirements, particularly given that only 1-2% has been mined to date, hence why people are ascribing what seem like large valuations, but are likely to not be in the short, medium and long term.

[bri15] 08/8/2023 07:58

Synthetic graphite is far more expensive to produce,so go away.

[bradshaw980] 08/8/2023 07:22

Some wild valuations here LoL. Joe Mazumdar was talking about Chinese synthetic graphite, what if they start making more?

[bri15] 07/8/2023 21:25

Think i better find more funds to put in here before the big off,and yes we all know how valuable the asset is and the PFS was brilliant and give us all an idea of the what the company was sitting on and hopefully now is the start of the rise of share price to giddy heights.

[gisjob2] 07/8/2023 21:06

I'd gladly accept £1 a share as a takeover offer ! :-)