Blencowe Resources Share Discussion Threads

[pauliewonder] 16/8/2023 13:48

There can't be many free float shares kicking around now. BRES shares seem to be in the hands of sticky holders

[gisjob2] 16/8/2023 12:29

My buy was showing as a sale the other day.

[pauliewonder] 16/8/2023 11:58

Was similar with me the other day when showing as 5.5p but buys were actually 5.25p and then 5.35p.

[goodbuyexsell] 16/8/2023 11:56

12.45pm the last three trades that went through on the Green (?)were all buys. One was mine. Sales would be around 5.3p. The market makers have a 7% spread.

[goodbuyexsell] 16/8/2023 10:55

From Twitter.
Several meetings held with leading🇨7475; Chinese #Graphite offtake firms seeking both large flake & fines concentrates

☑️#BRES now approached for downstream opportunities (including SPG)

[gisjob2] 16/8/2023 10:50

The market will catch up as each hurdle is cleared.

Just a couple of weeks to wait for complete bulk sample testing results.
DFC funding for DFS
DFS
Off take or partnership agreements
Possible take over
Etc

[farrugia] 16/8/2023 10:03

if the opportunity is so great why are we at those levels?

[pauliewonder] 16/8/2023 06:51

Interesting article around a large Chinese OEM taking a stake and 90% off take agreement with an Australian company who has a graphite mine in Tanzania. The Chinese company will also provide further financing and have taken a stake in the company: https://www.todayonline.com/world/australias-evolution-energy-signs-graphite-supply-deal-china-based-btr-2233736An RNS like this for BRES would surely see us close to the 100p mark. Maybe not too far off...

[pauliewonder] 16/8/2023 06:36

Taken from LSE:https://oilprice.com/Energy/Energy-General/Graphite-Is-The-Big-Winner-In-A-Multi-Trillion-Dollar-EV-Boom.htmlShows just how important Graphite is likely to be going forward.

[pauliewonder] 16/8/2023 06:33

More from BRES this morning on Twitter:https://twitter.com/BlencoweResAll coming together

[goodbuyexsell] 15/8/2023 23:02

Did anyone notice the 1million shares went through at 5.15p
It's trade number was 39 but appeared at the bottom of the share trades after hours.

[goodbuyexsell] 15/8/2023 23:01

Did anyone notice the 1million shares went through at 5.15p
It's trade number was 39 but appeared at the bottom of the share trades after hours.

[divmad] 15/8/2023 16:24

Starting to get some traction, maybe?

[gisjob2] 15/8/2023 10:52

I'm not sure 100 million would buy BRES unless it happens in the next couple of months. Granted it's a big increase on the share price but as time goes by the value of Oram Cross drastically increases.
I'd take 40p today but not when the DFS is finalised.
Presumably if DFC part funds the DFS then the US may have a say too and the Chinese may not get the project on the cheap.

[divmad] 15/8/2023 07:38

Exactly my thought too!

[goodbuyexsell] 15/8/2023 07:19

My question is, where does the USA DFS fit into all of this?

[pauliewonder] 15/8/2023 06:44

Firmly believe that this is the start of the buyout happening here. We are in the end game here and that's why I topped up twice yesterday.It will play out as follows. 1. BRES to meet with "large" Chinese interested parties. One of these parties will look to take out BRES in order to secure their graphite needs over the next 10-15 years2. This is crucial to do now given the pending chronic graphite shortage and that graphite prices haven't yet exploded, although will do at some point in the future 3. Acquisition will significantly enhance acquirers margins as they are able to purchase graphite at cost price rather than market price (saving around c. 800-1,000 US dollars per tonne)4. The acquirers will be given support from the Chinese government through subsidisation, with excess graphite to be used by other Chinese companies 5. The above is able to be done by purchasing BRES for less 100 million US dollars - equivalent to an share price of circa 40p, which would likely be approved ie 8 x the current market cap

[pauliewonder] 15/8/2023 06:11

Coverage from @proactive_UK ?As per RNS, ??Chinese Bulk Sampling programme going very well & expecting completion around the end of August.Also, #BRES has had several meetings with Chinese offtake groups & downstream processors

[pauliewonder] 15/8/2023 06:09

#BRES Following distribution of concentrate samples to potential end users, several large downstream offtake groups requested meetings to discuss securing product from our Orom-Cross project. Photos taken in Shandong province, home of #graphite processing in China

[gisjob2] 14/8/2023 14:08

Strange share price reaction today!

[gisjob2] 14/8/2023 12:58

I can't see BRES being around in a years time or if they are, will have a major partner to fund the whole project. Take out more likely though IMHO

[soulsauce] 14/8/2023 12:21

I would like to think the latter Divmad.

[divmad] 14/8/2023 12:10

No complaints from me, either, about how MR is methodically developing the Orom-Cross deposit. But what disappoints me is the totally lacklustre market reaction to all this, leaving me scratching my head. All I can think is that the big money still sees cash generation as being way, way into the future, 2025 just for production start up on a best case scenario. Yes, the grant award signature of the DFC will kickstart the whole process but before the processing plant is built in Uganda, some $65mn will need to be found. Yes, DFC is a likely debt provider, but around 25% equity will need to be pumped in as well, no doubt. Around £10mn at current cost levels. Will off take agreements be enough, without recourse to dilutive equity raises by Bres? Or will Bres simply not be around in a year's time?