Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Somewhat surprised there hasn't been another conversion this week. I was expecting at least another 2 before month end. I see this as the only anchor on the sp until we get the long awaited finance news. And even then I see it resulting in a short re-visit to the 20-21p range. Finance cannot be far away now. Expecting +28p post finance. We've been consolidating around this level for a while now. I think a lot of the buying (which wasn't that great volume wise) were people averaging down, so don't expect there will be too many profit takers until we get nearer 30p, given they won't be taking any profit with averages nearer that level. And why would one leave with nothing if the future opens up post finance.
Where we end up pre-Xmas will depend on year-end plus forward guidance. Even if the year-end guidance is below expectations I would still expect the hedge to be cleared and the 4 stopes to be opened by January at the latest. These two pieces of news with copper staying buoyant and we're back to the mid to high 30's in a flash. They just need to get the bloody finance sorted. AIMHO GLA
Can't be trusted hahaha. Well still here. At least am realstic. With boys at langley.. U see ngas rise lot and see UFO go to 3 and up. I do expect rmm to boom. My chart is showing me signs. Not financial advise
As mentioned a little while ago.
I have some funds coming mid Nov (15th now most likely).
I have a few new, but also top up targets. One of which is here as stated. I hadn't expected to be able to avg down on this one. As very much assumed that finance will be done prior to that when looking at it in September odd.... With a likely initial uprating to around 30p plus I had thought.
Howeve & as days tick by, its still stuck in this 21 to 22 range trading for now.
As also remarked:
As I hold a decent amount here. Will be happy for it to move on positive conclusion well before then. Or if not will review the options to add if we are still waiting by then. Kinda win win.
As there still seems to be a polarised view on thid b. So ut of interest what is the view on if more of my money will come here, or if I will have missed the boat by then and be looking at other options?
Just musing on thIs after another slow day....
Cheers.
You did go awol moon. Sadly you emerged again but I don't think that's anything to do with UFO doing 'amazing'. Firstly you've only posted there 2 times in 30 days and over 70 here! Plus the performance of UFO hasn't been what I would call 'amazing'.
Put your ego back in its suitcase. No one needs tips from you to be fair. Especially as you can't be trusted.
So I concur with G_G_G and theany supporters of their post. Take a break.
Atb
Never went missing just happy that ufo doing amazing. Nothing embassed about.. All make mistake at least some even admit it... Nxt big one britishvolt wait and see.
Moon, I think you may have embarrassed yourself enough on this board. You were right to go missing for a while, why not make it a while longer...?
i also realized lot of u on here dont really know what is happening either ahaha. maybe u guys should come and see light of true warriors.
Have to say I was really hoping we'd have the finance sorted today. Bit of a bugger we're still waiting. I've always thought this month. GLA
As late as June 2021 RMM were saying, "By the end of 2021, ore production will ramp up from 800 tpd to 1,500 tpd".
In 2019, it was stated this would be achieved by:
"Making improvements to the crushing, grinding and filter circuits at the Nugget Pond
concentrator plant. This is in order to sustainably process 1,500 tpd at 2% copper grade."
Not sure of this is still in the plan.
I think they will hedge again for 2022 and concensus seems to be Cu supply will outstrip demand so not sure what they'll get. Maybe they hedge 40% @ $3.5 and sell the rest on the open market, averaging $3.8. $80m would be possible. Costs? ~$50m is my guess.
Ore sorter in 2023 (commissioning late 2022) boosts everything by 30%. And demand slated to outstrip demand from 2024 on. But anything could happen.
If Rmm can produce that 1350 tpd @ 2%>copper
Thats around $80m revenue plus another 5000ounce of gold around $8 mill. Rest of 2021 hedged at $7700 per metric tonnes. Cost of sales and admin cost$40mil. Gross profit still over $40 mill.
I think once hedge is over, in 2022 revenue will be over $100mill . Any thoughts please??