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% 3.30 4,327 07:49:26
Bid Price Offer Price High Price Low Price Open Price
3.10 3.50 3.30 3.30 3.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.69 -0.61 4
Last Trade Time Trade Type Trade Size Trade Price Currency
11:36:20 O 954 3.336 GBX

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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 3.30p.
Blencowe Resources Plc has a 4 week average price of 3.15p and a 12 week average price of 3.15p.
The 1 year high share price is 7p while the 1 year low share price is currently 3.15p.
There are currently 121,929,950 shares in issue and the average daily traded volume is 744,205 shares. The market capitalisation of Blencowe Resources Plc is £4,023,688.35.
hedgehog 100: "Midweek Takeaway featuring Mike Ralston, CEO of Blencowe Resources (LSE:BRES) Season 4, Episode 40, Jun 8, 8:00 AM Phil Carroll and Kevin Hornsby talk to Mike with respect to the recent met results from Orom-Cross and also progress at Akelikongo." HTTP:// Well worth a listen. The Orom-Cross Graphite Project PFS (preliminary feasibility study) is due for completion by the end of June, with announcement planned for early July. Mike says this will be a huge line in the sand. And he's had a number of calls recently from people interested in being longer term shareholders - which will help migration from short term shareholders. "And hopefully watch this space, & we'll see some movement in the right direction." My impression is that the PFS could be a catalyst in this regard. In the meantime, BRES's nickel project survey is due for completion is a few days:- 30/05/2022 07:01 UK Regulatory (RNS & others) Blencowe Resources PLC Airborne EM Survey at Akelikongo LSE:BRES Blencowe Resources Plc "Airborne EM Program Commences at Akelikongo Nickel Project ... The survey program is expected to run for 2 weeks. ..."
hedgehog 100: Hedgehog 100 30 May '22 - 08:51 - 583 of 612 Edit 0 0 0 " ... Cameron Pearce must be pretty busy at the moment, as his shell CRES is apparently very close to a RTO deal. ..." That RTO deal has been announced this morning, with an implied price of 4.625p, and CRES suspended today at 3p. And interestingly, it is a mining project located in the same country as BRES's, which suggests that Cameron Pearce has been very happy with BRES's Uganda experience:- 09/06/2022 07:40 UK Regulatory (RNS & others) Citius Resources PLC Statement re. Suspension LSE:CRES Citius Resources Plc "Proposed Transaction and Suspension of Listing Citius Resources plc (the "Company" or "Citius"), an investment company listed on the London Stock Exchange, is pleased to announce that it has entered into a binding Heads of Terms with regard to the possible acquisition of 100% of the share capital of AUC Mining (U) Limited ("AUC') to be satisfied by the issue of New Ordinary Shares of the Company ('the Proposed Transaction'). AUC holds the Kamalenge Gold Project in the Mubende Gold District, Uganda. The Project has the potential to be a large and high-grade gold project based on preliminary due diligence of the exploration work completed by the Company and its consultants. AUC have completed extensive work and expenditures on the Project over recent years yielding substantial drilling and exploration data for the Company to advance. Citius has agreed, subject to further due diligence, to acquire the entire share capital of AUC for total consideration of GBP2,000,000 (two million pounds), to be satisfied in full by the issue of 43,243,333,242 new shares of the Company at an implied price of GBP0.04625 per share ("Acquisition"). ... Cameron Pearce, Executive Director commented: " ... The board of Citius, which already has existing experience in operating in Uganda, looks forward to keeping shareholders informed of further developments in what we believe is a compelling transaction for shareholders of the Company". ..."
hedgehog 100: 30/05/2022 07:01 UK Regulatory (RNS & others) Blencowe Resources PLC Airborne EM Survey at Akelikongo LSE:BRES Blencowe Resources Plc "Airborne EM Program Commences at Akelikongo Nickel Project Highlights -- Blencowe commences exploration program at synergistic nickel sulphide project -- Substantial 3,200-line kilometres of survey to be conducted -- Partnering with highly regarded Airborne survey firm in SkyTEM Aps -- Targeting increased definition of several targets identified in project data review Blencowe Resources Plc ("Blencowe Resources" or the "Company") (LSE: BRES) is pleased to announce the commencement of an Airborne Electro-Magnetic (AEM) survey over leases associated with the Akelikongo Nickel Project in Uganda. As part of the farm-in arrangements for this highly prospective asset, Blencowe has commissioned SkyTEM Surveys Aps to undertake High Definition AEM over several prospective areas on the leases. The program will consist of approximately 3,200-line kilometres of survey to be flown by helicopter on a 200m spacing. The survey will add significant additional information to assist the company in targeting both extensions to the existing defined mineralised lenses and better define targets identified by the Company in view of the previous work undertaken in the region. SkyTEM Surveys Aps has undertaken many similar projects in Africa and worldwide and this extensive experience is being leveraged by Blencowe to progress the project. The survey program is expected to run for 2 weeks. Cameron Pearce, Executive Chairman commented; "We are delighted to commence work on the Akelikongo nickel project so soon after picking up this asset in the first quarter 2022. We are well aware of the increasing demand for nickel both now and forecast ahead. Nickel is a key input metal to lithium-ion batteries and as a result it will likely remain in high demand for a long period ahead, and the current exceptional prices for nickel reflect that demand, as well as potential shortages that might emerge as a result of Russia, one of the worlds' largest nickel producers, involved in a protracted war and resultant sanctions. Our task at Akelikongo is to expand on the good work initially delivered by SIPA and Rio Tinto in order to broaden the mineralised zone. This AEM work being conducted will highlight further areas of interest that our experienced team of geologists will then consider for a further drilling program expected in 3Q 2022." For further information please contact: ... Akelikongo Nickel Project Akelikongo is a highly prospective nickel sulphide exploration project that has previously had considerable work completed by Rio Tinto and SIPA to establish three mineralised lenses to date. It represents an opportunity for Blencowe to add further value through a targeted work programme that will seek to delineate higher grade and thicker intercepts of nickel. Nickel sulphide deposits are rare and valuable and the prospect of further exploration success gives Blencowe suitable incentive to develop this asset under a structured earn-in agreement, whereby 100% of the asset can ultimately be acquired for US$1.75m payable in shares. ..." BRES is clearly moving fast on this exciting nickel project, with this new exploration program expected to complete in mid June, and a drilling program expected in Q3. For a side dish this looks pretty tasty ... though that's a mark of just how exceptional the Orom-Cross Graphite Project is. Cameron Pearce must be pretty busy at the moment, as his shell CRES is apparently very close to a RTO deal. It's nice to know that someone so dynamic and productive is heading BRES ... someone who really gets things done.
2mex: yes, i agree ha-ha. There is some detachment in relation to how news is released. However, let's look at it another way.. 11 Apr: BRES release news on JORC, exceeding expectations over next few days price creeps up to 6-8p 18 Apr: BRES release news on placing at 5p. and what usually happens? The share price drops to 5p and below. ..but both RNS's were released on 11 Apr so short-term traders with a low exit point lost out (they could say it would have been 10p). Value will out imho.
2mex: Thing is RAB would not want to buy on open market. Its not how II's do things. With RAB already connected, I think BRES approached them about the Nickel, put forward to them that they wanted a good shot at proving up/ widening the strike. From RAB's point of view, they already liked BRES as an investment and it was a perfect opportunity to "strike" a deal. With Nickel prices having doubled since the previous people left site, I believe BRES have an opportunity here. Bear in mind, the same BRES bought the graphite tenements. This could turn out to be a very exciting venture. Nice 850,000 4.9p buy @15:27 reported late I see.
pauliewonder: I'm happy that RAB capital have increased to 10%, but I must admit to being a bit frustrated about how they achieved it. Had they bought shares in the market (if that was in fact possible), then the buying pressure to secure that volume of shares in a largely illiquid stock, would have pushed the share price up to probably in the region of 10p. A share placing means they have had all the hard work / buying at a higher price taken out of it by BRES.
gisjob2: Count, People complaining can buy below the 5p but the issue is that is probably due to the 16,000,000 shares issued to RAB along with the warrants capping the price. Without that the share price would probably be much higher on the good news. BRES have issued a great JORC statement and yet we're lower, the market has spoken. If BRES continue to issue shares on any good news which holds back any good price rise where's the incentive to buy, especially when previously being told we were funded through the PFS stage. It's a trust issue.
gisjob2: A great JORC RNS but a subdued market reaction at the moment. If the share price doesn't rise in the next few weeks on the back of the JORC it's hard to see what news will drive the share price forward over the summer or prior to the PFS RNS. Any offtake info may help.
the count of monte_cristo: If they hit economic nickel grades, then the BRES share price is going to the moon. hTTps://
hedgehog 100: First Equity has a BRES target price of 27p, but that should be increased as the company progresses - "Blencowe Resources (BRES.L)* 15th December 2021 Following the recent publication of Blencowe Resources’ Preliminary Economic Assessment (PEA) on its Orom-Cross graphite project in Uganda and GM approval by shareholders last week for a £2m over-subscribed funding at 5.0p, in this research note we analyse the PEA’s conclusions to determine a risked based valuation and look ahead to key news events anticipated. ... We have used the NPV8 of $317m from the Orom-Cross PEA to determine a risked based valuation by deducting 40% for development/resource risk, 60% for finance risk and 25% for country risk to arrive at an estimated $57.1m (£43m) value. This equates to a price per share for Blencowe of 27p and FEQ’s share price target. ... A price target of 27p represents a more than 4 times uplift from the current share price of 4.45p. The market valuation still seems anchored in the past prior to the Company revealing a JORC resource statement and outlining its very strong economic case for a graphite mine in the PEA announcement at the end of September. We believe a significant market re-rating awaits Blencowe Resources, as investors begin to appreciate the size and scale of the low-cost project being developed and its importance in feeding the EV market with essential battery grade graphite. For these reasons and those outlined above, we recommend the shares as a ‘Buy’ and suggest investors position themselves in the stock. ..." HTTP://
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