Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Well like I say Lotto there is no rush to jump in to this 'apparent' undervaluation and I am sure there are more savvy investors than you and I that have run the slide rule over it.
Maybe when the company can give us a better understanding of what the f**k is going on then we might be in a better position to judge.
What we have to go on is a long history of this compaies BOD being as useful as a chocolate teapot.
The reserves were 40,000t Cu and the resource was 296,000t (21MT @1.41% grade) at point of acquisition. That’s circa $260m and $1.95b respectively at today’s Cu price. This isn’t pie in sky numbers because this isn’t an explorer with three drill holes in the middle of nowhere. It’s Yukon a top ten mining jurisdiction with 10+ years production history. If you still think this looks like a 3m mcap, then we disagree on judgement of value. Good luck all
I don't know Lotto should it? May be when we eventually hear something decent from the company we can make that judgement. But as they are very quiet on Minto and anything else then we are still very much still in the dark.
I don't see anyone falling over themselves to get in.
Copper gold and silver on a rip. This is a copper gold producer so it’s amusing to see the call to sell, esp down here. Gold stream was renegotiated to 75% of market price, for first 11kOz. 250 sq km additional land along same belt. 11% of something. A working mine mill complex with a $1b dollar PE group backing it. In full production, this has seen 20kt Cu and 40kOz Au per year. Should it be valued higher than 2-3m? Please DYOR.
I think many of us wish that Ebob but were taken in by DelBoy and his band of professionals lol.
Lost a load on this.Now clawing some of it back in sres.I was in this when Paul Johnson was involved.Wished I'd bailed out when he left.
You should eat them words Ebob28. Clearly not a holder, or maybe a bitter one who can't stand by a trade decision.
Many of us LTH are in deep red after the limitless failed promises, however, I fail to see how scaring away new money would help the case.
I would think that todays 25-30% gain is good enough for most newish investors.
GLA, New & Old timers ;-)
Take your cash out of this turkey and put it into sres.....much better investment.
rarseinababylon good to hear from you. A turkey indeed and we were promised a soaring eagle by Del Boy and then a proud pea**** by Gati the Great. Now we are only left with the wish bone and a few ruffled feathers.
Do the research and you'll find there is actually a lot of value in this share, it won't be available at this price for much longer.
Thanks i thought so
I might be able to get out even if im lucky
You bought a turkey mate! Virtualy no interest left in the mine. Mostly due to inept financial management. But LTH on here are used to that after Del Boy.
This looks like ive made a mistake
Oh well
We shall see.
**** day on the markets