Blencowe Resources Share Discussion Threads

[soulsauce] 30/10/2023 09:24

It does make me wonder what quarter the sells into any news continue to come from and why.

But surely we are getting to the stage where a potential suitor sees the value and throws an offer into the mix.

[stevehuges] 30/10/2023 08:48

Many thanks

[pauliewonder] 30/10/2023 08:43

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.However this is based solely on less than 2 per cent of the resource having been explored. It's colossal

[stevehuges] 30/10/2023 08:36

Can some one tell me how big the resource is ?

[divmad] 30/10/2023 08:28

Unfortunately, we remain a small band of heroes here, with significant holdings and a clear understanding of the undervaluation and future potential of Orom Cross. Today's RNS validates the entire resource and puts a clear marker down to a further upgrade in valuation as BRES plans behind closed doors the growing probability of establishing a high value added downstream processing plant at OC.But the wider market still doesn't get it. Opportunity for us, but frustrating that more buyers haven't yet arrived in size.

[gisjob2] 30/10/2023 08:26

Brilliant rest results yet again, this can't be ignored forever !

[soulsauce] 30/10/2023 08:12

Yep Divmad inevitable unfortunately.

[pauliewonder] 30/10/2023 08:09

I will continue adding. Built a stake getting close to 1 per cent and if we stay at below double figures I will continue to increase that stake, both ISA and SIPP. Defies belief that we are at these levels even in todays market

[divmad] 30/10/2023 08:08

Now wait for the inevitable sell on news brigade, whilst some of us keep on adding .

[pauliewonder] 30/10/2023 07:15

Fantastic news. SPG testing reflects a high quality product with very little wastage. This is a key part of the second stage of the grant process, so I would expect that BRES will be applying for the second 1m USD soon.Next step, offtake agreements, which shouldn't difficult given the product quality as reflected by both Chines and US testing.

[livewireplus] 29/10/2023 10:54

https://www.thisismoney.co.uk/money/markets/article-12683599/New-China-rules-graphite-hit-electric-car-industry.html

[drradcliffe] 28/10/2023 14:39

FT article this weekend about solid state batteries. Page 9 "FT Big Read. Electric Vehicles" Describes the breakthrough claimed by Toyota in solid state batteries. 1200KM range on a single fast charge, potentially 10 minutes or thereabouts. Toyota solid state batteries could be on sale by 2027.

[pauliewonder] 27/10/2023 07:41

BRES mentioned as a winner of the Chinese export ban:hxxp//www.proactiveinvestors.com/companies/news/1031068/chinese-manipulation-green-colonialism-and-strategic-minerals-is-graphite-set-for-a-run-1031068.html?rel=scrollMarket cap of 10m, this can explode

[divmad] 26/10/2023 07:29

I continue to believe that a significant new piece of information given by BRES in its last RNS was that the SPG testing is being conducted in the USA.

[goodbuyexsell] 25/10/2023 16:32

I have just read all the posts below from the past few days. Taking into account the CCP banning exports of its Graphite production, It would seem quite probable A large EV manufacturer such as TESLA to step in and finance OC. The main reason is Musk can secure a large proportion of TESLA's need for Graphite for 8/9/10 years. Considering the $$$$$ Musk paid for Twitter, OC is a steal at $300/400M
Having said that, I strongly believe and would be surprised if the US DFC dept who have agreed the $5 mill package to BRES over the next 7/8 months have not already sounding out large EV manufacturers in the US for all manner of Graphite supply. Including High/Medium/Low quality of Graphite

[goodbuyexsell] 25/10/2023 16:12

One UT trade of 100k plus 450k of shares went through after 4.30pm yet still the MM's mark down with huge spread today. Its they who have stumbled on a
"cash cow" trading BRES shares.
The AIM mkt stinks. Nonetheless, I topped up more stock under 5p.

[gisjob2] 25/10/2023 11:29

That would also raise money so not all negative. Not many shares offer a 5x share price gain anyway, although if the DFS proves what we all expect regarding the graphite and highlights the benefit of an in country SPG processing facility then I imagine that valuation will be far too low.

[divmad] 25/10/2023 10:16

Allowing for all warrants and options to be exercised, at current fx rates, that would be about a 5X share price gain from today.

[gisjob2] 25/10/2023 07:57

I'd reluctantly settle for a $100 million take out in the next 12 months, not that I'd have a say ! :-)

But a positive DFS proving viability of an in country SPG facility would be a game changer. All bets off then !

China's export restrictions are perfect timing for BRES.

[pauliewonder] 25/10/2023 06:33

Could be multiples of this depends on when it happens. My thoughts are circa 100m USD in the next six months as this is prior to production starting. If we're talking when the mine is in production, and factoring in aspects such as in country SPG facility, then there is no way it would go for that and would be multiples of that price. Once in production, this is a fat old cash cow and given the likely increase in graphite prices (helped by last weeks announcement) and also the chronic supply shortage going forward, this will either be a substantial cash generating machine throwing off huge dividends per year, or will be taken out. Given the macro picture, I can only see the second option here

[matt3893] 25/10/2023 01:15

Lol 100M takeout ur crazy

[pauliewonder] 24/10/2023 21:50

SP Angel notes the recent decision by the Chinese government to implement export restrictions on exports of higher grade graphite from 1 December 2023The move has significant potential implications for the global battery industry.Chinese companies will have to seek special export permits to supply synthetic, natural flake graphite, graphite concentrate and purified graphite to international battery manufacturers.The restrictions do not extend to lower grades of graphite which are used for EAF ‘Electric Arc Furnace’ anodes as used in the production of aluminium, steel and ferro alloys.China is the primary source for > 70% of global synthetic graphite production and ~65% of natural flake graphite.China also processes >90% of graphite used in Electric Vehicle Li-ion battery anodes.Forecasts indicate demand for graphite in Li-ion battery anodes should quadruple within the next decade.European demand for battery-grade graphite is estimated to reach 1mtpa by 2030, equivalent to the entire global graphite production in the year 2020.China's decision to impose export restrictions on graphite underscores the critical need to establish secure supply chains by boosting domestic, non-Chinese production capability, which is less vulnerable to market shocks and geopolitical events.China’s threat to restrict high-purity graphite products required for Li-ion battery anode production risks harming if not killing off the nascent European EV battery industry.Any interruption to graphite anode supply will lift China’s competitive advantage in the Electric Vehicle sales at a time when regulations are forcing drivers to buy EVs in increasing numbers

[pauliewonder] 24/10/2023 18:10

Completely agree. BRES is slipping under the radar / not on the "big" projects list at the moment due to a technicality, that being the size of the resource. Only 2 percent of OC has been explored although MR has made it clear that the remainder of OC is likely to reflect the existing infill results for the northern syncline and Camp Lode results and therefore, we can multiple the resource by the amount we haven't explored to date. When the full resource is explored, it's a colossal monster and far far far too big for BRES. My thoughts, a cheap takeout for around 100m USD. Gives about a seven or eight bagger from here

[gisjob2] 24/10/2023 12:42

I can't see BRES remaining a small independent owner of this huge resource for long, certainly once the DFS is complete. What take out price? that's the question ?