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BRES Blencowe Resources Plc

4.25
-0.05 (-1.16%)
18 Mar 2024 - Closed
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
  -0.05 -1.16% 4.25 395,543 08:00:44
Bid Price Offer Price High Price Low Price Open Price
4.00 4.50 4.30 4.25 4.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -1.4M -0.0067 -6.34 8.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:04:44 O 22,774 4.3255 GBX

Blencowe Resources (BRES) Latest News

Blencowe Resources (BRES) Discussions and Chat

Blencowe Resources Forums and Chat

Date Time Title Posts
18/3/202414:38Blencowe Resources with Charts1,859
12/1/202300:37Bulk samples1
04/10/202112:31Blencowe - Old economy entry into the future212

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Blencowe Resources (BRES) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 16:04:454.3322,774985.09O
2024-03-18 15:50:464.0349,6902,000.02O
2024-03-18 13:46:214.11100,0004,112.00O
2024-03-18 13:41:014.1127,7531,141.20O
2024-03-18 13:05:074.001,27651.04O

Blencowe Resources (BRES) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 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 4.30p.
Blencowe Resources currently has 209,379,950 shares in issue. The market capitalisation of Blencowe Resources is £8,898,648.
Blencowe Resources has a price to earnings ratio (PE ratio) of -6.34.
This morning BRES shares opened at 4.30p
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 31/1/2024 12:13 by supercity
I do own shares but not many.I bought at 4p and sold three quarters at just under 6p last year.I don't get attached to shares and always take a step back when assessing them.It's obvious to any investor that a company currently losing money with little or no income will need funds, whether they put it in an rns or not it's blooming obvious.I don't see what all the panic is about if you believe in the long term plan then hold.I don't see any reason for the shares to be rising in the next six months at such an early development stage so I might buy some more I might not - I will see where the share price starts heading.Too many investors need to learn to not yap yap at others like a jack russel just because they don't like an opinion - more often than not the yap yappers end up being proved wrong long term
Posted at 30/1/2024 12:24 by gisjob2
Sadly the share price isn't.
Posted at 29/1/2024 09:25 by soulsauce
Great news indeed but pretty much the same response from the market.

I am not sure why Alan Green doesn't understand why the share price is where it is. For starters the market is valuing nothing for the juniors, the world and his wife knows we are going to need further funding above the DFC money this year and (imo) some of the big holders are manipulating this so they can get a bigger slice at no more than they have already paid.
Posted at 29/1/2024 07:28 by pauliewonder
Great interview from 16m re: BRES with Alan Green:https://m.youtube.com/watch?si=ROlAWvrv5yInd-0K&v=bxAHXsswRac&feature=youtu.beStates he can't understand why the share price is so low, refers to broker note TP of 23p and states "I don't think you will ever again be able to pick up Blencowe shares so cheaply at 4.3p".
Posted at 08/1/2024 19:09 by euclid5
From the broker note dated Oct 2023

latter of these enhancements is the most exciting and
possible now with the financial muscle of the DFC, whose involvement now has potential to elevate the project nearer a telephone number style valuation. With all the above thoughts in mind, we recommend the shares as a ‘Buy’, with a price target range of 23p to 46p per share, both of which are much higher than the current share price of around 5p.
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.
Posted at 05/9/2023 10:57 by goodbuyexsell
As I was writing this post a trade of 461k @ 5.20p has gone through.

When Spreadex notified it no longer held a notifiable interest in BRES, it was on behalf of a single punter who owned approx 6.4 million shares. After the notification the punter still had 3 million shares to dispose of. It is highly possible Spreadex are now at the rump of the remaining 3 million shares. This will go on for a few more days. One has to remember if there is a seller the MM's buy the stock. Why would they do that in such large amounts. Its because they have done basic research themselves.They currently are willing to buy the 250k plus transactions in BRES shares and will profit handsomely when the price rises. The guys who constantly criticise BRES on here are typical of city slickers who probably work for one of the CFD spread betting outfits that constantly advertise with the caveat 71%, 75%, 80% of retail investor accounts lose money when trading CFD's and spread-betting. The big seller of BRES is probably leveraged too much and needs the "bangers & mash" to settle their account or does not have the patience. Research shows Graphite is needed at every level of battery storage whether it be triple A batteries or EV cars. Bres is a small company with a large money rich asset. I have a large investment and I take a 18-24 month view before BRES will come to full fruition. Do not panic, it will come good.
Posted at 15/8/2023 06:44 by pauliewonder
Firmly believe that this is the start of the buyout happening here. We are in the end game here and that's why I topped up twice yesterday.It will play out as follows. 1. BRES to meet with "large" Chinese interested parties. One of these parties will look to take out BRES in order to secure their graphite needs over the next 10-15 years2. This is crucial to do now given the pending chronic graphite shortage and that graphite prices haven't yet exploded, although will do at some point in the future 3. Acquisition will significantly enhance acquirers margins as they are able to purchase graphite at cost price rather than market price (saving around c. 800-1,000 US dollars per tonne)4. The acquirers will be given support from the Chinese government through subsidisation, with excess graphite to be used by other Chinese companies 5. The above is able to be done by purchasing BRES for less 100 million US dollars - equivalent to an share price of circa 40p, which would likely be approved ie 8 x the current market cap
Posted at 09/5/2023 12:06 by pauliewonder
Just come off the webinar with MR. Shocked to see the share price has reduced today, particularly given the upbeat nature of the presentation and Q&A. For those that couldnt attend, below is a summary although my view is that BRES have a number of news items which will be released shortly, including the DFC funding grant of $4.5m which will be hopefully within the next 6-7 weeks:

- DFC – graphite on US critical minerals list
- Been talking to them for a long time
- Couldn’t work with prior to this stage
- Interesting few weeks coming up until grant is awarded
- Gives us a lot of money but also credibility with a major financial institution
- DFC can assist us with long term project funding and not just DFS funding
- Graphite - now starting to see a material increase in demand similar to other metals
- US government looking to lock in long term supply chains
- DFC grant may result in supply chain partners and already seeing interest after RNS
- Still speaking to Chinese and will continue to speak to them
- China 95% of market at the moment although will reduce as other countries increase
- Also speaking to Asian market – Korea / Japanese
- Don’t know debt terms of package would be if we got a subsequent debt package (after grant)
- DFC know that BRES will sell into China
– DFC OK with that at the moment
- Will be an evolving relationship with DFC and there are opportunities going forward
- Grant of £4.5m (or interest free loan) only payable if project goes into production – as good as you will ever get
- DFC will cover 50% and BRES to cover 50%
- Don’t have to pay $4.5m for DFS on day 1 so will mean BRES retains funds initially
- Will pay invoices on a monthly, weekly basis so no up front lump sums
- Will look at various options for other funding
- Plenty of very exciting options on the table re: funding that may result in relationships going forward
- DFC trumps everything else at the moment – one of the best funding options Ive seen in my time
- Don’t want to give away any of the project now
- Project worth $30-50m now, will be worth $50-70m very soon
- Preserve value for shareholders
- Not a west versus east issue. Can work with both and we are currently talking to everybody
- Not aligning ourselves with anyone, want to get best value for our product
- Re: North American listing, would BRES consider that? At the moment no although once tie up with DFC, likely to get a lot more NA interest and this could be something
- China testing – want to test it themselves and not rely on Canada findings
- Each end user wants to assess it themselves
- Process of testing will be completed soon and will share with the market
- Also sent samples to Chicago to test and send up to 99.9% - will also share
- A lot of good newsflow coming up soon
- Re: Jorc resource increase – want to develop co as far as we can with as little as we can
- Choice between develop Jorc or develop project
- If we had access to more cash we would add to the Jorc
- Speaking to DFC about whether they would assist with Jorc expansion costs
- Increased Jorc would mean higher value project, but at 14 years mine life, sufficient at the moment
- So much graphite at OC that we could drill and add to Jorc for a long, long time
- China testing to be completed soon
- Chicago testing happening at the moment and completed near term
- Will send results to market for all the above
- DFC are a funding partner, not a technical partner
- OEMs will be end buyer and need to ensure that product is right
- OEMs will need to test product to make sure it fits
- Don’t know when binding offtake contracts will happen
- Definitely got interest and might get non-binding interest soon
- In China looking at plants at the moment
- Binding contracts only occur when 99.9% purity has occurred and OEMs get test work
- Binding contracts from around 6-12 months time, non-binding before
- Demand is there, question is can we be the best producer to sell to highest OEMs and get best prices?
- DFC provide 50%. They never provide the full cost because the firm is required to take some risk as part of the deal
- Continue to work with them and see what is possible
- Re: silicon based batteries, has properties that help and can replace graphite to a small amount (say 10%)
- Silicon can help, but can not replace
- Synthetic graphite might reduce natural graphite demand but again, cannot replace
- Will likely be 50%/50% and forecasts are based on this (i.e. 50/50)
- If it was to be less than 50% synthetic, this would have a big (positive) impact for graphite
- Quality of end product will determine if we can sell to high end versus lower end
- Either way, will be very profitable
- There are a lot of interested parties knocking on the door at the moment. Don’t need to take any of these at the moment
- Some very attractive options and good partners, but need to look at all of them
- DFS grant should be within 6-7 weeks
- Grant will shake the tree, we are already seeing an increase since the RNS and we haven’t even signed it yet
- Remaining steps for grant, KYC, DD, information needs providing re: plan, budgets, milestones etc which is all happening now
- I don’t know how quickly it will be done but my understanding is within 1-2 months and we will do everything we can to speed it up
- In the meantime we will be releasing news around what we are doing
- We are very excited about DFC opportunity and growing the opportunity itself going forward
Blencowe Resources share price data is direct from the London Stock Exchange

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