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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Blencowe Resources Plc | LSE:BRES | London | Ordinary Share | GB00BFCMVS34 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 8.42% | 5.15 | 5.00 | 5.30 | 5.15 | 4.65 | 4.75 | 443,399 | 08:24:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 0 | -1.4M | -0.0067 | -7.09 | 9.95M |
TIDMBRES
Blencowe Resources PLC
02 March 2023
02 March 2023
BLENCOWE RESOURCES PLC
("Blencowe" or the "Company")
Research Note on Orom-Cross Graphite Project
Blencowe Resources Plc (LSE: BRES) is pleased to note the publication of a new research Initiation report by Resolve Research Limited ("Resolve") on the Company's Orom-Cross graphite project, located in Uganda.
The Resolve note, titled " Blencowe Resources - Walking with Elephants" states that "Orom-Cross is fast becoming a Tier 1 project at an inflection point for graphite demand" and applies a "highly conservative discounted cash flow analysis using a 12% discount rate" to its valuation model.
The report (compiled using publicly available information) and which applies a 23p target price with a "Strong Buy stance" is available on the Company's website at the following link:
https://blencoweresourcesplc.com/wp-content/uploads/2023/03/Blencowe-Resources-Initiation-Report.pdf
For further information please contact:
Hot Features
Premium
Blencowe Resources Plc www.blencoweresourcesplc.com
Sam Quinn info@blencoweresourcesplc.com
+44 (0)1624 681 250
Investor Enquiries Tel: +44 (0) 7891 677 441
Sasha Sethi sasha@flowcomms.com
Tavira Securities Tel: +44 (0)20 3192 1733
Jonathan Evans jonathan.evans@tavirasecurities.com
First Equity Limited Tel: +44 (0)20 7330 1883
Jason Robertson jasonrobertson@firstequitylimited.com
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END
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(END) Dow Jones Newswires
March 02, 2023 02:49 ET (07:49 GMT)
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