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 Shares Traded Last Trade
  0.00 0.0% 8.50 184,207 08:00:25
Bid Price Offer Price High Price Low Price Open Price
8.25 8.75 8.85 8.50 8.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.06 -1.74 10
Last Trade Time Trade Type Trade Size Trade Price Currency
14:54:58 O 5,000 8.70 GBX

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Date Time Title Posts
17/2/202115:02Blencowe - Old economy entry into the future123

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Blencowe Resources Daily Update: Blencowe Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker BRES. The last closing price for Blencowe Resources was 8.50p.
Blencowe Resources Plc has a 4 week average price of 6.88p and a 12 week average price of 6p.
The 1 year high share price is 9.58p while the 1 year low share price is currently 4p.
There are currently 116,880,783 shares in issue and the average daily traded volume is 300,236 shares. The market capitalisation of Blencowe Resources Plc is £9,934,866.56.
divmad: That would be a welcome additional positive for bres. Have you compared bres with ACP, in the graphite space? They are a bit further advanced in terms of their project.
echoridge: China - I am working on it, though I would so much rather contribute than oversee! Rolo - you cant buy any inside the current spread (though there is some size just outside, at 9.5), and that's bc there's a pretty substantial buyer just below 9p, ,which brings me to the following: I think the focus for shareholders, at least for the short-term, should be on the arrival/launches of 3 major investment vehicles from 3 giants of the mining space: Mick Davis, the ex-Xtrata legend in his own mind, Robert Friedland of Ivanhoe Mines fame and Brian Menell at Techmet. This massive inflow of cash is going to be focused all or in part on the minerals crucial to the battery/clean energy space, and I reckon Bres is on most 'must see' lists when brokers are pitching high grade/low cost graphite projects on-line in the next few years. In other words, I think we could see a further decent move here just on the back of some stake building. More soon.....
echoridge: ok, full disclosure. I did see the request to do this a few weeks ago and I ignored it as I am involved in a couple other companies which were, how should I put it, going f-ing nuts. Now, my attention increasingly on bres, I have to admit that I am a useless old codger and am at present unaware how to do what you request, but I promise to find out and remedy the situation soon. Honestly, my intentions in starting this board were honourable as I believed - and believe even more so now - that this is not just a world-class resource, but increasingly unique for its size, grade quality and jurisdiction. The JORC release by next month-end will make it impossible to buy this share below 20p in my view. So I guess I better get busy....
euclid5: The Orom Cross Graphite Project seems well-placed to be able to fulfil long term demand for high quality flake graphite. It is worth investigating the sort of numbers that the PFS could suggest. We already know that the graphite is characterised by large and jumbo flake size with both high grade and purity that is in short supply and demands a premium price. Producing 25,000tpa of high margin graphite on the sorts of low-cost numbers mentioned above looks as though it could generate US$30 million cash flow per year (at weighted average US$1,250/t), or US$300 million over the first ten years life of the project. If the total operating cost of US$350/t can be achieved this considers an operating margin of US$900/t or US$ 22.5m pa. If prices rise over the next decade due to flake graphite shortages as forecast this could have a significant incremental impact to the positive. If the market can absorb more than 25,000tpa then the plant can be up scaled quickly to accommodate this, again with substantial upside potential. Hence the PFS could suggest an initial NPV (10) of US$100 million, with opportunity for this to grow over time, but the key to achieving such a figure is good flake size, high recoveries and low operating costs – all of which the company will be working towards throughout 2020. Https://
echoridge: firstly, my apologies. I have been an absent moderator. fwiw, I completely agree with the consensus on the magnitude of today's update and am in buying more this morning. more importantly, I am soliciting some commentary from the company broker and will reprint here. in the meantime, this price is not yet moving -- yet -- most likely bc there remains a stale seller from the original fundraise who helped drive the price down to 5p around August last year. Stubborn legacy sellers, often looking for what pros call a 'liquidity event' have been, by my estimation, the most common factor in holding small cap value names back in this crazy market. I generally hate when posters do this, but have a look at Genedrive (gdr) in the virus-testing sector. Despite equally exciting developments to its peers, gdr didn't really begin to recover any of its early 2020 surge until the British Growth Fund - a classic price-insensitive, liquidity obsessed seller, was seen to be at or near done a few weeks ago. Since then however, the price move has been vertiginous, closing some of the valuation gap with its competitors. I am increasingly certain that we will see a couple of big volume days soon, followed by the kind of move we're expecting.
echoridge: You're a muppet. truly. What possible relevance does that have? The company did the placement at the price they did it at. That price apparently needed to be at a significant discount to get the deal done. That company is one of a handful of listed firms in the UK in the same general business as BRES and therefore should be on every BRES shareholder's 'watch list' so they can remain current on important developments with such comparable companies. That is my only point. In future, if you post something, you should at least attempt to do the same. Otherwise, cancel your account.
apfindley: Except a standout difference....BRES is actually main market listed. AGM is just aim listed. The raising rules are different too. AndAgm have already enjoyed a substantial rise in shareprice since last year. The rise is yet to come to Bres.
echoridge: Whoa. 10% cap raise at Applied Graphene Materials, at a pretty stonking discount - 41p vs a 66p close - which is pretty much the entirety of the share's 2021 gain. AGM is kind of BRES all grown up.....
apfindley: You only have to read the news divmad..."In the process the Company discovered a new high grade lode of graphite near to where we were already drilling, and added further holes to incorporate this deposit into the overall resource being considered. We also confirmed the excellent nature of this ore body, and in particular the high percentage of larger flake sizes which carry more value. Furthermore, the confirmation of substantial quantities of graphite near to surface will allow for Blencowe to ultimately mine at a low cost, which adds value to the project.Based on the work completed to date, we believe that Orom-Cross exhibits all the characteristics of a potentially profit-making project and we are looking forward to further evaluating this potential by continuing to develop this asset moving forward. Once the initial JORC Resource and associated metallurgical test work are completed in early 2021 the Company will move into the Feasibility Study phase, where all commercial parameters for a large scale mining operation are considered. With a 21 year mining lease already secured and land compensation agreements in place and paid for, the move towards operations is de-risked.Whilst we have achieved a considerable amount during the year, I believe it is important to note that the quality and potential of the Company's core asset at Orom-Cross is clearly not yet reflected in the Company's share price and market capitalisation. This will change as more work is completed and the size and scale of the asset is highlighted."
rolo7: Hope so directors to take up options depending on share price rises, tightest spread I have seen
Blencowe Resources share price data is direct from the London Stock Exchange
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