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BRES Blencowe Resources Plc

4.00
0.00 (0.00%)
Last Updated: 08:00:00
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
  0.00 0.00% 4.00 774,261 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.90 4.10 4.00 4.00 4.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -1.4M -0.0064 -6.25 8.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:11:39 O 371,278 4.02 GBX

Blencowe Resources (BRES) Latest News

Blencowe Resources (BRES) Discussions and Chat

Blencowe Resources Forums and Chat

Date Time Title Posts
14/11/202400:56Blencowe Resources with Charts2,214
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
10:02:564.02371,27814,925.38O
09:11:404.101,96580.57O
09:09:204.00200,0008,000.00O
09:09:114.00200,0008,000.00O
09:08:114.10230.94O

Blencowe Resources (BRES) Top Chat Posts

Top Posts
Posted at 21/11/2024 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 4p.
Blencowe Resources currently has 217,226,950 shares in issue. The market capitalisation of Blencowe Resources is £8,689,078.
Blencowe Resources has a price to earnings ratio (PE ratio) of -6.25.
This morning BRES shares opened at 4p
Posted at 12/11/2024 13:05 by gisjob2
The DFC funding has never moved the price in the past.
We can guess the test results are good already and with possible off takers.
Commencement of drilling will not make any difference, because it's not finding a new mine just steeping out to increase an already known resource, I'd be surprised if they even RNS the commencement of drilling to be honest, it's part of the DFS
Offtakes would need to be just a MOU until after the DFS so that won't increase the price much and a JV is unlikely until the DFS is completed

The BRES share price is reliant on the DFS, which has been delayed a little and is probably due in late H1, there may be a bit of an uptick in anticipation of this but this is what we're all here for. I think Orom-Cross looks a great project and if the DFS is completed in the next 8 months then I'll be more than happy.
Posted at 11/11/2024 18:46 by gisjob2
Was the intraday 3.3p the bottom?. Quite a nice recovery later.

I guess it's irrelevant in the longer term, Either Orom-Cross goes ahead with all the bells & whistles promised by MR and the share price is many multiples of todays or it doesn't and the company is destined for the dustbin.

Personally I have every faith in the project at present.
Posted at 11/11/2024 12:51 by gisjob2
I do hope MR is keeping an eye on the share price and realise what his surprise fundraise has done. It appears a lot of shareholders have lost faith in Mike. It was a really bad look to discuss in his last interview some upcoming value enhancing news about to appear and before it did change tack and issue shares.

I'm disappointed in these actions but this is Mike's first miss-step so willing to give him the benefit of the doubt for now because the project looks great. There is no doubt that this fundraise has tested my patience though, I added a few when the news arrived but will not tolerate another disappointment like last week

Getting it in perspective though this sell off is well overdone considering how small the share issue was.
Posted at 07/11/2024 10:07 by nicau
Blencowe wrote the followingBlencowe Resources PIc (LON:BRES) • 1h#BRES Retail Offer launched closes and has raising additional £117,875.60 at 4p through issuance of 2,946,890 Retail Offer Shares
Posted at 06/11/2024 08:36 by soulsauce
They have disappointed for a long time ad they have not had enough interest on getting the share price up.
They will dispute that but it is true.
I won't be taking my offer uo, probably br able to buy cheaper in the market after this - pathetic.
Posted at 09/9/2024 18:25 by mavern
The closing price of 4.61 was actually a UT (uncrossing trade) so the market closing price is false, as often happens. The share price actually closed positive today with the bid rising from 4.6 to 4.772 probably boosted by this very positive Sponge Shares article:

hxxps://spongeshare.com/2024/09/09/blencowe-progress-spg-plans-in-uganda-setting-blencowe-apart-from-other-graphite-miners/
Posted at 05/9/2024 14:48 by gisjob2
I don't really understand the mentality of being frustrated by the lack of share price movement and sceptical about the future whilst maintaining a healthy position. The share price has not plummeted to the point it's not worth selling. I wouldn't put my money into an investment I was sceptical about when there are so many alternatives out there.
Each to their own I guess.
Posted at 23/7/2024 14:21 by gisjob2
Bukowski,
I'll bite just the once.
Orom Cross is a huge resource and BRES is only currently looking at 2% of the overall area. Graphite is a very different metal to most minerals and it isn't just a case of mining the stuff.
Graphite has to be refined for various uses and vigorously tested to prove it will meet the criteria needed for battery use. Luckily Orom Cross has past all testing to date with flying colors but this has needed to be proven on a bulk scale too, which is currently underway. Sovereign have not completed such vigorous and successful testing.
Therefore the graphite will not be able to be used for the same end use as that of Orom Cross or at least be harder to market.
Bres already has MOU's but these can't be converted to contracts until the bulk sample testing and DFS is complete. BRES is also, as part of the DFS looking at producing in-country SPG which would be the first outside of China. No partner would commit until the project bulk testing is finished and the DFS complete and a decision whether to produce SPG in country which would massively increase the project value. I would also suggest BRES wouldn't want a partner until they know the true value of the project because at present the graphite has exceeded all expectation,why give it away on the cheap. Especially when the DFC have the option to fund the project if all the criteria is met. At present the Orom Cross Graphite has met and exceeded all test parameters, so it's all good.

I write this assuming you already know the answer really and understand how graphite minerals behave with respect to electrical charge. If you genuinely don't then I suggest you don't invest in minerals you don't understand.

If you prefer Sovereign, then invest there. I believe BRES is a much better option. PS this is my only response to your baiting.
Posted at 22/7/2024 21:08 by calculator13
Rns and video today, as a few have mentioned the 5p fundraiser mentioned in February has kept us here, 6 x months. Funding has come from elsewhere and the previous fundraiser is still on the cards so how can the share price move up with another 2 million fundraiser earmarked at 5p again. Mike gave some positives about downstream processing in Uganda with a joint venture and potential further offtaker agreements. However the dfs completion appears to have slipped to end of Q2 2025. So realistically speaking it's 12 months of treading water at 5p. I will be interested to hear what Mike and Sponge will chat about on Wednesday, if they will address the question about raising at 5p again how this could weigh on the share price until the money gets raised.
Posted at 19/6/2024 13:21 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!
Blencowe Resources share price data is direct from the London Stock Exchange

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