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BRES Blencowe Resources Plc

0.10 (2.08%)
Last Updated: 08:00:23
Delayed by 15 minutes
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
  0.10 2.08% 4.90 160,713 08:00:23
Bid Price Offer Price High Price Low Price Open Price
4.50 5.30 5.00 4.69 4.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -1.4M -0.0067 -7.31 10.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:00:08 UT 15,000 5.00 GBX

Blencowe Resources (BRES) Latest News (4)

Blencowe Resources (BRES) Discussions and Chat

Blencowe Resources Forums and Chat

Date Time Title Posts
22/7/202409:41Blencowe Resources with Charts2,037
12/1/202300:37Bulk samples1
04/10/202113:31Blencowe - Old economy entry into the future212

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Blencowe Resources (BRES) Most Recent Trades

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Blencowe Resources (BRES) Top Chat Posts

Top Posts
Posted at 22/7/2024 09:20 by Blencowe Resources Daily Update
Blencowe Resources Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker BRES. The last closing price for Blencowe Resources was 4.80p.
Blencowe Resources currently has 209,379,950 shares in issue. The market capitalisation of Blencowe Resources is £10,259,618.
Blencowe Resources has a price to earnings ratio (PE ratio) of -7.31.
This morning BRES shares opened at 4.90p
Posted at 22/7/2024 08:20 by soulsauce
Well quell suprise 5p the very price it has been held at constantly and pegged as a slight increase to the on going share price lol.
Good news partners have taken part though.
Maybe now we can move on 🤷‍a94;️
Posted at 19/7/2024 10:31 by calculator13
Thanks Sponge, if you can ask about financing, the $2.5 million at 5p from investor mentioned back in February. The prospectus, what the hell happened and why he failed to update the market. The current share price obviously reflects the bad communication. Unless there are major problems here that only some insiders know about and he is trying to buy time and keep the lights on. I don't mean to be rude in my tone but just very frustrated as people as seeing this as uninvestable.
Posted at 19/6/2024 14:21 by maverick247
Post fromLse on DFS Hey Guys Seen some wild numbers in here so I had a chat with Mike on this The DFS cost is not $12.5m The cost will be $9m which is what they need to fund and then there is a further optional drill programme the company want to do to add significant JORC Resource roughly $2.5m but it is as I said optional when they are ready the maths as I understand is as follows $1m business had at DFS kickoff plus $0.5m African syndicate Feb and $5M from DFC = $6.5m so a shortfall of c$2m Mikes own words are we will continue to raise along the way (as and when required which isn't right now) with the right parties "certainly not retail at a big discount" Mike has said this multiple times and there are multiple parties who can fill the gap as and when BRES choose according to Mike and I recon this is because he thinks the share price is silly cheap and will likely do it higher The drilling would only be $1.5m as the driller will accept BRES shares with a lock-in and again this is when BRES wish to do it Lastly Mike has confirmed and (has on interviews) they are talking to multiple strategic parties - any of which could easily fill the $2m but Mike wants to onboard those at the right time and limit dilution I hope this helps - I hold a decent amount of shares hence why I can get to chat to Mike - he's conscious of mis-information and sees the BB's ! Any questions I can certainly forward them!
Posted at 14/6/2024 15:28 by gisjob2
Yes, was hoping for the share price to drop a little more before topping up but missed the chance. Still pretty fully loaded up with BRES and nice to see the rebound.
Posted at 14/6/2024 12:28 by gisjob2
The market and shareholders want the SI issue completed, otherwise there will be a black hole and more funds needed.
MR has done a brilliant job up until now in progressing Oram Cross without diluting shareholders so I'll give him the benefit of the doubt, but it's this doubt that is harming the share price today due to the lack of an update.
Posted at 24/5/2024 15:33 by gisjob2
Thanks re: latest video,
MR certainly looks like he's excited about the potential of downstream in-country processing. This would be a huge game changer for BRES, not just in profits hitting the bottom line but being able to process the graphite outside of China MR states is not just attractive to the US but also Chinese companies who don't want to be restricted to selling the processed Graphite within China. I'm mighty encourage by the video. It looks like a bit of a delay for the DFS until H1 2025 as MR states BRES are a little behind but it's important BRES gets this right and there's always the carrot of MOU's with off-takers within the next 3 months or so. Great stuff for the patient investor.
Posted at 02/5/2024 13:47 by ncp3
FFS. share price rinse and repeat! The eventual publication (this year?) of the long-overdue Prospectus and final unveiling of the mysterious new Strategic Investor would probably help stabilize the current share price support level and thereby hopefully enable us to stay ABOVE 5 pence. Just sayin’. Laters fellow shareholders.
Posted at 10/4/2024 09:04 by soulsauce
If only the 'what an excepetional graphite project Orom-Cross is' transferred into a more palatable share price.
Who knows what or who is controlling the share price but it stinks.
Posted at 06/2/2024 16:55 by pauliewonder
OK so looking at todays development, and assuming that all goes through as stated. This would mean the following:

1. BRES receives $3.15m (going to assume that this is next month at some point - say 31 March 2024)

2. BRES likely to receive additional $1m grant funding by 31 March 2024 also

3. Company currently has circa $2m in the bank (following recent grant payments)

4. 3.15m + $500k + $1m + $2m = $6.65m (or £5.3m) cash

5. Following 7,847,000 and 50,000,000 shares issued (see today's announcement), there will be a total of 267,226,950 shares in issue (not taking into account warrants as the funding of these warrants is also not taken into account)

6 At todays midprice of 4.45p, that gives a market cap of £11,891,599

7. So by 31 March 2024, BRES are likely to have £5.3m cash on balance and a market cap of £11.89m. That means circa 45% of BRES market cap will be cash.

This is incorrectly priced and I would expect that we would at least double from here in the short term.
Posted at 30/10/2023 10:12 by gisjob2
With the SPG results now in and extremely positive I can't see how a large suitor could ignore BRES going forward, even a generous bid would be small change to a lot of these companies and allow them supply security.

The worry is we get an opportunistic bid, however I trust Mike Railston to not give the company away on the cheap now the resource has been proven to be top notch. Maybe some of the share price telephone numbers we all dream of might not be realized if someone took a chance before the DFS is complete.

MR & the team have done brilliantly well up to now to negotiate every hurdle. The bulk sample results were great, the SPG results again exceeding expectations and the DFS part funded, yet the share price has barely moved. I can't see how the value won't one day be realized. I guess the strange thing is if the share price had started to motor today people would have started piling in, instead it's all pretty static in the market.
Blencowe Resources share price data is direct from the London Stock Exchange

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