Blencowe Resources Share Discussion Threads

[gisjob2] 14/8/2023 10:50

Brilliant news today and another small top-up for me too.

Overall I have to say I've been very impressed with the performance of Mike Ralston so far. Apart from a bit of slippage on timelines which always happens in mining, he seems a no frills kind of guy who knows what he's doing and works hard. Bypassing the pilot plant and getting the Graphite processed in China was a masterstroke and the board have managed to get us this far with very few shares in issue and with what looks like major interested parties willing to fund development in the future.

[pauliewonder] 14/8/2023 10:30

hxxps://www.share-talk.com/rns-hotlist-with-zak-mir-jlp-tap-bres-smd-he1-roq-fab-gbp-ben/
Blencowe Resources (BRES) provided an update on the 100 tonne bulk sample processing program currently underway. The work is being completed by a leading graphite technical specialist firm, Jilin New Technology, based in Yanji Province in northern China. This experienced graphite facility has been conducting similar test work on several other leading East African graphite projects over the past few years. The company is expecting the bulk sample test program to be completed by the end of August.

Comment: Shares of BRES have already been in recovery mode of late, and the run up to the completion of the bulk sample test program at the end of this month may speed this process along.

[goodbuyexsell] 14/8/2023 08:37

This is a pattern. Good News = initial buys, then worrying sales. On the info this morning buys should one would expect to be in the millions. Let’s look forward to then end of Aug. One would also expect the Us deal to be put to bed.

[pauliewonder] 14/8/2023 07:37

Managed to top up twice again this morning. Very exciting news.

[pauliewonder] 14/8/2023 07:29

Agree. All positive, DFS towards the end of completion, on the verge of funding, hugely undervalued and now a statement saying we have interest from a number of off take partners wanting large quantities of different flake sizes. Can only assume that people haven't yet seen the RNS

[soulsauce] 14/8/2023 07:25

Surprised we have not done more on that news.

[pauliewonder] 14/8/2023 07:03

Fantastic RNS. Follow the facts, not the conjecture. The following says it all:

"Following the distribution of concentrate samples to potential end users from the IMO test work and Wuhan University 150kg test work, several large downstream offtake processors requested meetings to discuss timing and availability of the high-grade, low impurity concentrates from the Orom-Cross project. The offtake meetings involved firms seeking substantial quantities of both larger flake concentrates and fines feedstock for the SPG processors. Several downstream processing firms have expressed interest in opportunities to explore in-country downstream processing of the Orom-Cross concentrates and Blencowe will consider this within the DFS that is underway."

This is where additional funding (if needed) can come from through forward selling off-take. Excellent RNS. Great job BRES.

[pauliewonder] 14/8/2023 07:02

Alan Green - "Blencowe has to be one of the resource plays of the year if not the decade". Wow

[soulsauce] 13/8/2023 20:02

Bres on today's stockbox research talk. Might garner a bit of interest this week.

[pauliewonder] 12/8/2023 22:39

Haha. You should sell up immediately. Do your own research. Successful investors make investment decisions based on facts and their own research, not the scaremongering of posters on a BB. Good luck with your investment decisions, sounds like you should stick to FTSE 100 companies

[bradshaw980] 12/8/2023 10:53

That is not my intention. Personally I'm waiting to read the definitive feasibility study...plus would like to know if any further environmental impact assessments are needed, along with potential further permitting milestones, plus if the community is totally on board.Then there is the technical and processing risk etc, and indeed offtake. Hopefully everything is good. I'm a big advocate of mining and what it can bring to an area in terms of well paying jobs and skills, so good luck all holders !!All imho DYOR!

[bri15] 12/8/2023 09:06

B980 is causing me to doubt this company now

[bri15] 12/8/2023 09:05

If the value here runs into £billions why did Rio Tinto give it up just when EV started taking off in a big way.

[bradshaw980] 12/8/2023 04:24

All I want is to read a single technical report on the project, and I've asked this board in good faith to point me in the direction ! Why ? Because I notice their corporate presentation highlights an extremely healthy $482 million NPV and 49% IRR with a tiny $62 million Capex and all I want to do is sit down with a cup of tea and a biscuit and read this pre feasibility study, that shows, and I quote, a "robust, long life, high margin project ".....so again I ask where can I read the study?It sounds like the economics are 'robust' (favourite word within the industry along with 'dynamic' lol )

[bradshaw980] 12/8/2023 04:06

I don't care about graphite LoL I'm a legend in the copper game. My aim pick is Asiamet Resources, check out my legendary stuff over there.......ROFLMFAO......good luck with your Ugandan project.....how many exploration dollars have been spent on Orom Cross since its discovery in 1964? Why did previous operators leave? You wanna dig into the weeds let's go baby boi I'll show you how a real G researchs !!

[goodbuyexsell] 11/8/2023 17:49

Bradshaw, you know all about finance, so you’re a big shot who said two days ago when asked how much is a kilo of graphite. Your reply was I ain’t got a clue mate. Some knowledge. Doh.

[bradshaw980] 11/8/2023 16:10

Yeah I know f all about ESG in mining plus mine finance mate. Crack on kiddo.

[yabawbag] 11/8/2023 16:05

You've not looked into it but make assumptions and spout whatever comes to mind.I'd bet you've just read a headline and interpreted it as whatever you wanted it to be.My conclusion is you're not the brightest

[1acert] 11/8/2023 12:10

Meant webinar

[1acert] 11/8/2023 12:03

Gradually getting closer. I think mr did say in his pod cast did say around September October

[bradshaw980] 11/8/2023 11:38

I've not looked into it but saw something on twitter about the World Bank cutting funding. Have they done that to other countries? Why Uganda all of a sudden?

[soulsauce] 11/8/2023 11:28

Bradshaw you fool, how much business is done around the world with countries that have similar views. You might want to think about that the next time you are putting fuel in your car imo dyor rotflmao pmsl.