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Could be a lot sooner if they are meeting this month
Definitely feels like our time is coming, very exciting to think about where we could be by eoy
I wonder if there will be an offtaker RNS in the next month or two .... all sounding positive.
Almost certainly taking with POSCO then:
“ Senior management will visit both China and South Korea over the next few weeks to continue discussions on offtake agreements. Strong interest has been shown to date and Blencowe is confident that this will continue with the ongoing large-scale test work.”
"both 96% concentrate and 99.95% spheronised purified graphite ("SPG") provided from this latest bulk sample testing are expected to be delivered in Q2 2024 to potential off-taker parties in sufficient quantity for review, leading to product qualification and ultimately contracts"..........that's Q2 not H2......not long to wait fingers crossed!
Nice update
I posted this as it wasn't initially appearing on LSE.
Bulk Sample Processing underway at Pilot Plant Facility in China
Progression towards Product Qualification and Offtake Contracts
Blencowe Resources Plc (LSE: BRES) is pleased to report significant progress on the Definitive Feasibility Study ("DFS") works for the 100%-owned Orom-Cross graphite project in Uganda including commencement of the 600 tonne bulk sample test work at the Jilin Huiyang New Material Technology Company Ltd ("Jiliin") facility in China.
Highlights:
· Bulk Sample Processing - commencement of the 600-tonne commercial scale processing at Jilin in China marks a significant step forward for Orom-Cross DFS.
· Off-take Agreements Progress - senior management and potential offtake partners to meet during April 2024 to advance off-take discussions following strong interest in the large-scale test work, samples delivered to date, and Orom-Cross products across the board.
· Final Sample Delivery - both 96% concentrate and 99.95% spheronised purified graphite ("SPG") provided from this latest bulk sample testing are expected to be delivered in Q2 2024 to potential off-taker parties in sufficient quantity for review, leading to product qualification and ultimately contracts.
Following the delivery of the 600 tonne bulk sample materials to China, processing has commenced at the Jilin facility. This same facility previously conducted successful bulk metallurgical test work for Blencowe on the 100-tonne Orom-Cross sample in 2023.
Blencowe plans to utilise this product to generate large volumes of both 96% concentrate and 99.95% uncoated SPG product for final qualification with potential off-take partners. This process aims to maintain the same consistently high quality as previously delivered via this commercial-scale production process in 2023.
Senior management will visit both China and South Korea over the next few weeks to continue discussions on offtake agreements. Strong interest has been shown to date and Blencowe is confident that this will continue with the ongoing large-scale test work.
Cameron Pearce, Executive Chairman commented;
"This latest 600 tonne bulk sample testing is a critical part of our DFS. We aim to demonstrate that end products maintain the same high quality and purity in commercial scale processing that have already been achieved in all previous testing to date. The 100 tonne testing last year confirmed this quality maintains to scale and we are confident we can achieve similar results from this latest 600 tonne testing. Thereafter we will have sufficient quantity of 99.95% SPG to provide for testing with tier one offtakers for product qualification."
Mr Pearce added "We are making significant progress across all DFS objectives. Orom-Cross is a world class graphite project with unique characteristics, and its potential is becoming increasingly evident as we deliver each milestone."
Alan Green
“All of the elements are in place to see a massive re rate of the share price for Blencowe”.
Also makes reference to First Equity’s 73p price target. That’s nearly a 20 bagger from here to get to fair value:
https://youtu.be/Dkoi0GVfmqc?si=eU8qoK7I6DDefFzz
Wonder if the 5p days are now numbered, heaven knows they should be.
Appreciate your concern but personally I'm invested here largely because of my faith in Mike Ralston and the potential at Orom Cross with the US DFC support, I've no idea who this guy is that recommended Armadale Capital or anything about said firm or their board and management.
Same guy who recommended armadale capital.
Be careful. That ceo drove shareprice into ground and had no clue.
Some key reasons why Blencowe sounds out from the pack !
https://spongeshare.com/2024/04/11/blencowe-receives-further-1m-grant-funding-with-off-take-discussions-advancing/
Id like to highlight to my fellow investors the various re rates in commodities we've had. The big one was lithium, which everyone is aware about. Four of my lithium stocks were taken out by those cheap, commercially ruthless, fake Communist, Chinese including Bacanora.
Over the last few months, gold 1600usd q4 last year to touching all time highs of nearly 2400, and now silver, last 60 days from 23 USD to nearly 28. All gold stocks relating, ADT1, a polymetalic stock with 30% silver up 30 % in 2 weeks.
Look at copper fromm 8000usd to 9300usd in 50 days, and all developers and producers rerating.
Unfortunately graphite isn't very well known but it's time will come, and more so for BRES. Its on its way to becoming a Graphite developer, then producer along with SPG. I'm recent testing our product got branded super premium/some of the best they've ever seen (lab in Chicago I think)
Finally, we got the endorsement of the Divided States of America.
I'm holding, I'm adding and hopefully weak hands keep selling, plus our 100k seller stays around. Loving the sub 4.5p top ups.
I slipped the regulator 100 rupees and he showed it to me - All good.
The question is, when will the re-rate occur? this year or next?
The Feb RNS mentions a prospectus coming out, anyone seen this?
Still under 5p, because for some reason we still have a seller looking to sell 100K plus chunks every day close to the bid !
Who? Don't Know
Why ? Certainly don't know !
And still under 5 pence!
Going to plan: easy hold from here for a huge re-rate.
-DFC royalty payments
-Graphite supply battle
-£2mil premium cash raise at 5p
-Completion of last bits of test work demonstrating world class deposit again
-Offtake announcement which ties BRES to a global company for graphite supply. These offtake deals tend to range between $5-25million.
-Completion of the DFS
-Announcement of production plan for 2025
Ducks are lining up.
All looking good here.
GLA
Should of also added SPG processing from $600 to $2500.
This will be a fricken cash cow in the years to come...