Blencowe Resources Share Discussion Threads

[soulsauce] 03/10/2023 12:28

Looking perky today. About time we left the 5s behind 🤔

[goodbuyexsell] 03/10/2023 11:31

Paulie,
Orcadian Energy (ORCA) raises £350k and shares rise 34% BRES raises £1m with £4 mill to follow shortly and short sellers held the upper hand until yesterday. Small healthy 2% rise followed by todays not unreasonable move.

[pauliewonder] 02/10/2023 06:15

Excellent thread on X re: strategic importance of DFC funding: https://twitter.com/blencoweres/status/1708542417354314079?s=52&t=k8S1v3h8MEiw0M5-nsAHJQIt's time we stopped messing on with these silly share price levels and get to a more reasonable valuation, starting at around 20p

[simonsmithiv] 28/9/2023 12:47

This shouldn't be down here. Today's share price is not a reflection of the company's prospects and fundamentals, but of the retail punters who can't hold a share for more than 2 minutes. The mm's know this and feast on them.

[goodbuyexsell] 27/9/2023 14:37

I have come to the conclusion that the MM's hold the trump card with Blencowe stock. No amount of good news will see a stable rise in the shares.
CFD and spread betting traders will not make money with Bres shares unless thhey are fortunate to take a position in the run up to the deal we know is coming.

Last week MM's sold 10 million shares they did not own. It is they who are manipulating the stock price.

[1acert] 26/9/2023 16:58

Uganda is actually a beautiful country to holiday especially if you like wildlife. It does have a rainy season but generally you can holiday there all year round and take in the magnificent scenery of the lakes and numerous parks this country has to offer. Forget about graphite for once and enjoy life

[apfindley] 26/9/2023 14:01

I think you've found the reason Rolo doesn't like Uganda. He has too much pride.

[gisjob2] 26/9/2023 13:16

What a chancer Rolo is, ill informed and unable to read and digest the in depth analysis of the last six months. Also unable to grasp that Uganda is a relatively safe country, it must be so easy to generalise about 'Foreign' countries and lump them all into the same unstable group, how lazy.

Has he ever set foot on African soil ?, Has he every been to Uganda ? I think not or he would know that Uganda is a relatively stable country, trust me I've been there.

Hands up who's selling due to Rolo's comment ? That's what I thought, NOBODY !
Jog on mate, there's a village missing it's idiot.

Rolo on the filter list.

[apfindley] 26/9/2023 13:07

"All key infrastructure for mining operations already exists, including power (hydro),water, roads, rail and communications. This simplifies start-up and reduces the capital required.""Still, there is a substantial saving on transport costs to the port as the operations gradually switch from road haulage to using the new rail link"

[apfindley] 26/9/2023 12:57

Another person who hasn't read the most recent publication, which actually DOES mention rail transportation and production ramp upand expansion plans from 2025 to 2030Need some new glasses Rolo?

[apfindley] 26/9/2023 12:53

Rodney.....you Plonker.Keep trying.

[rolo7] 26/9/2023 12:41

Yep the proposed mine is hundreds of miles from the coast all pump this stock, Africa not exactly polically stable is it?

[gisjob2] 26/9/2023 12:00

No need for a placing anytime soon as BRES will be shortly in receipt of £2 million from the DFC and can fund their share of the DFS as it progresses through various milestones, which is why the DFC grant is such good news.

[rodney101] 26/9/2023 11:51

When is the next placing

[nicau] 25/9/2023 21:32

I'm starting to lose my patience in this stock because I'm sick of the dramatic up and lows, it's now time to take the 2x on BRES, sorry guys but in want to get wealthier now and not in 6 years time, I'm ducked off with this stock

[gisjob2] 25/9/2023 13:50

35p offered today would buy mine ! :-)

[jon12345] 25/9/2023 12:54

not exactly independent though is it

[soulsauce] 25/9/2023 12:37

Thanks for posting imjustdandy.

[imjustdandy] 25/9/2023 12:35

Sitting duck springs to mind

[pauliewonder] 25/9/2023 12:26

Very detailed note from Resolve Research - thanks imjustdandy for posting. Shows the shear magnitude of the prize here. Note that this is a highly risked target price also:

Highly risked Net Present Value highlights 300% upside potential
We completed a highly conservative DCF analysis on the 100,000tpa PFS project
(where production was projected to start at 50,000tpa and rise to 150,000tpa)
using a 12% discount rate. Further risking begins to show the true potential. We
update coverage of Blencowe with a maintained target price of 20p and a Strong
Buy stance.

Actual valuation is 35.2p:

Following the DFC grant completion on 22nd September 2023 - whilst our new
target is slightly lower based on more shares in issue, our upside valuation based
on project expansion following the DFC involvement is 35.2p per share.

[imjustdandy] 25/9/2023 12:17

hxxps://resolveresearch.co.uk/wp-content/uploads/2023/09/Blencowe-DFC-Update.pdf

[imjustdandy] 25/9/2023 12:15

35.2p fair valuation. 48.2p undiluted. Current price 5.5p

[imjustdandy] 25/9/2023 12:14

Stretched target
With the involvement of DFC going forward, we recognise that Blencowe would have the opportunity to increase the size of the project. The 100,000tpa PFS project modelled production started at 50,000tpa and rose to 150,000tpa. In the DFS, the company plans production to begin at 100,00tpa and lifts to 250,000tpa with an average of 150,000tpa, representing a significantly larger project. Re-running the numbers based on this higher initial production and an assumed total capital cost of US$100 million would result in an NPV(12) of US$420.89 million for the project. Repeating the same analysis, we have determined a price per share based on the current number of shares in issue (209,379,950) of 48.2p and based on the number of shares on a fully diluted basis (309,346,916) of 35.2p, which represents our stretched target price.
Additional upside factors to be considered that have not come into our calculations above are (1) further JORC Resource drilling within the DFS to double the life of mine and (2) building a downstream SPG facility in Uganda which effectively upgrades 40% of the end product from US$700/t to US$2,500/t. Both of these could have a huge impact but we will consider these in our calculations once DFS work on both commences and we see them as more tangible opportunities.

[simonsmithiv] 25/9/2023 11:38

As usual the mm's hold it until buyers give up and sellers appear, rigged