Blencowe Resources Share Discussion Threads

[1acert] 30/11/2023 09:16

Is this another spike on no news. How far will it go before it falls back.

[nicau] 30/11/2023 03:41

Different day but same shlt. I'd sell up if I hadn't invested a lump sum. I've now got to the point I've stopped looking at it. A 2+ year valuable lesson learned.

[goodbuyexsell] 27/11/2023 21:57

When the US have finalised $millions 4&5 they would already have a partner in place to take over. The new outfit will invest further $millions in exchange for stock. or a total buyout.
Alternatively, BRES may be offered funding by a venture capital outfit or an investment bank.to produce the final product themselves. Thats when these shares should rise very quickly. remember, the board cannot convert its warrant's until the stock reaches 10p for ten consecutive days. Its in there interest to get this stock upto 10p ASAP

[nicau] 27/11/2023 20:09

Is this stock ever going to move. It doesn't matter what the news is and mainly good news tbf, this stock doesn't f'ing move. I swear this stock is going through groundhog day mode for eternity..

[divmad] 24/11/2023 14:15

Simple. No new buyers. Just the usual PI suspects investing smallish amounts, plus traders on news

[maverick247] 24/11/2023 10:11

https://spongeshare.com/2023/11/24/investor-meets-director-blencowe-resources-ceo-mike-ralston/

[pauliewonder] 24/11/2023 09:51

Should say funding by DFC

[pauliewonder] 24/11/2023 09:47

Don't understand this. DFS will only take a further 3-6 months to get through. But regardless of that, why would the DFS timescale have anything to do with the fixing of the share price The share price has been anchored at around this level for a long time (and it is almost impossible to buy in big chunks), yet the project has become hugely de-risked over this period ie, testing quality, funding of sp, DFC support etc. Therefore, applying a typical standardised risk factor (and reducing this as risk reduces), I am left bewildered by the constant stagnation of the share price

[gisjob2] 24/11/2023 09:24

Maybe to secure graphite for the future before competitors as China are ringfencing theirs in December meaning the rest of the world may struggle with supply.

[divmad] 24/11/2023 08:41

To answer your question, Pauliew, the anchor around 5p is a direct result of the length of time and cost it takes to get a DFS produced. Why does big money need to move in advance of this milestone?

[pauliewonder] 24/11/2023 07:08

Excellent interview. Clearly we are on the cusp of multiple developments here, the biggest one being funding and another being institutional investors coming on board. I think this will be a major factor in re rating. For whatever stupid reason, we appear to be pegged at around 5p at the moment. However, when this comes off, the brakes will be off and the sky is literally the limit. This has all the hall marks of a one hundred bagger. Huge potential, low number of shares in issue, low market cap, massive tail wind, industry leading product, chronic supply shortage, potential takeout, great management team, commitment to minimise dilution, value tipping point, safe restriction...I could go on. Will continue to increase my stake further over the coming days

[maverick247] 23/11/2023 19:19

Superb interview from Mike https://x.com/themoneysponge/status/1727659040556065262?s=46&t=Wymq-mXXF7iw-0QeZ6wyzA

[jugheadjim1] 22/11/2023 08:35

https://www.independent.co.ug/uk-firm-acquires-orom-graphite-project-starts-production-2024/

[gisjob2] 20/11/2023 12:05

I've been gradually building a stake over the last 3 years

[1acert] 19/11/2023 15:30

If you’re willing to wait you should accumulate. You can’t go wrong with this is all that’s required is patience.

[pauliewonder] 17/11/2023 12:58

Agree. There was a couple of teasers in that video re: institutional investors and also upcoming positive news flow. Exciting times

[gisjob2] 17/11/2023 12:01

Just watched the video, can't fault Mike Ralston, he seems a really genuine man who's moved the company forward and tells the truth, unlike so many other CEO's. He's one of the main reasons I've stayed invested here for the journey despite the frustrating share price performance.

[pauliewonder] 17/11/2023 10:35

New Blencowe Video - very positive

hxxps://www.proactiveinvestors.co.uk/companies/news/1033485/blencowe-resources-ceo-says-the-market-is-not-silly-1033485.html

Blencowe Resources CEO says the market is "not silly"
Published: 09:44 17 Nov 2023


Blencowe Resources PLC (LSE:BRES) CEO Mike Ralston has an extended conversation with Andrew Scott from Proactive about the company and its work in the competitive graphite market.

Blencowe, a London-listed company, focuses on the Orom-Cross Graphite Project in Uganda. Ralston outlines the company's progress since its establishment in 2019, emphasising it unique formula for development and optimism about overtaking industry peers.

Ralston highlights key team members, such as Chief Operating Officer Iain Wearing, emphasising their experience in developing mining projects in Africa. He discussed the importance of balancing team size with cost-effectiveness, highlighting the focus on building a robust leadership team for future growth.

Regarding upcoming inflection points, Ralston points to securing offtake contracts as crucial for project viability and talking about funding, with Blencowe securing a crucial partner in the Development Finance Corporation.

Addressing common misconceptions, Ralston challenges the belief in graphite oversupply, stressing the intricate qualification process for end-users. He clarifies the funding situation and emphasises institutional interest and support.

In terms of differentiation, Ralston underscores the uniqueness of each graphite project, citing Blencowe's high-quality, low-purity graphite as a differentiating factor. He discussed their focus on downstream processing, aiming to turn concentrates into high-purity graphite for increased market value.

He says "the market is not silly... they can see exactly who's doing what, they can see the companies that are actually delivering, developing, moving their projects forward and doing things. And they can see the companies that are just standing still and spending shareholders money by by doing nothing."

[rolo7] 16/11/2023 13:57

Sellers this morning all 5£k at start

[soulsauce] 16/11/2023 12:40

Yep just as I said yesterday sloppyg some entity has control of this.

[sloppyg] 16/11/2023 11:50

Quelle surprise back to the 5p mid.

Has to be more behind this.

[divmad] 15/11/2023 18:16

Can't think this move is being sparked just by receipt of another $1mn from the DFC.

[soulsauce] 15/11/2023 16:36

Graph looking good for a breakout if those controlling the levers don't yank it back again 🤞🤞

[1acert] 15/11/2023 16:08

Don’t count your chickens there’s no news yet but it can’t be that far away so good luck everyone

[goodbuyexsell] 15/11/2023 10:55

Just noticed the 404k sell, went through at the highest price today. Matched buyer maybe. Too big for and ISA transfer. Any suggestions???