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Some news - https://twitter.com/BlencoweRes/status/1775096258400567481
This ongoing silence is starting to make me feel uncomfortable, is it too much to expect some kind of an official update on the publication of the prospectus after being told it was anticipated in February?
Where did you get his email address?
Maybe against my better judgement, I've added 500k over the past 3 weeks. I'll be pausing until we have more clarity on the II and prospectus.
Love, not war.
I will have to write again to MR to try and tease out an explanation.
Sasha (investor relations guy) has stated the prospectus is with the regulator, this should be down to delays on their side rather than anything nefarious with the investment - but until it lands we won't know for sure of course
In my darkest moments, I fear that the II money hasn't been forthcoming, and that is the reason for the silence from MR.
It's the reason why timing is the most crucial thing with these companies. Mining, in particular drags on for infinity.
It really isn’t good enough from Mike and the team, first we have the annual report released without post period notes exposing us to market panic, now we have the prospectus they hoped to be out in February still not out as we enter April , when will these people realise the market is looking for excuses to penalise companies, and this type of mistake makes the BRES team look pretty naive. Time really for the investor relations to start upping the game.
We can all support the BRES team extending timescales in order to get the most from the landscape changing DFC interest but we can’t accept many more mistakes if they continue to drag the Shareprice down.
We are at the same level we were before the PFS was complete, before the DFC $5M grant and LOI, and the strategic investors taking shares at a premium,
Jangada sores by 79% on the news they take 10% of BRES and we have dropped 20%
Can anyone explain this market?
From what I can see the market sent BRES a clear message today, it’s not enough to say you will deliver on a certain timescale you clearly have to do so, the fact the prospectus is delayed the news of the strategic investor actually stumping up the cash not being made clear, doesn’t ride well in the current climate MR and co can’t sit back on their laurels and assume the Shareprice will take care of itself, they need to have one eye on the market optics at all times.
If they allow the MCAP to drift much lower we are at great risk of being taken out at a bargain basement price, after 4 years of supporting BRES I for one wouldn’t be a happy Chappy if that was to happen
The UK market is screwed, the sooner Mike realises that the better, he needs to up the comms to the market to match those he’s clearly making in back rooms with funds and potential partners
Feck happened today.
Bought circa £2400 worth at 4.20p in the morning thinking it's a bargain and I logged in now and see a heap of buys at 4p and 12% down.....
Back into the 3s who would have thought it but no surprise given the lack of news and continued manipulation of the sp.
Is there any wonder many investors have left the markets by the droves.
The big fall today doesn't bode well.
I get the feeling that Mike needs to be a little more proactive, how long can the regulator take to review a prospectus, there shouldn't really be anything of a surprise in it should there. These 100K block share every day also isn't a good look either, i'm sure Mike and Co have it under control but the current market can't simply just ignored and left to fester, even if they aren't in the need of cash just at the moment
I reckon MR does need to update the market about this, I have a lot of time for MR but this isn't good enough. Poor communication here.
Where is the prospectus and investor at 5p, a month overdue when told news end of February by Mike in last RNS. Absolute joke, maybe one of the paid for shills can shed some insider light.
That would be very nice MB, apparently the prospectus is with the regulator so hopefully we get it through any day now
The £2.5m additional equity for the strategic investor we are waiting for the prospectus for could be a similar thing with a potential offtake partner buying in?
"Posco acquired a 15% stake in Black Rock in 2021."
Thanks Musicman, interesting stuff. An extremely quick glance at Black Rock's latest presentation I found rather encouraging for ourselves, albeit as a competitor, and they do seem relatively similar to Bres
Try again!
https://www.fastmarkets.com/insights/black-rock-secures-100-graphite-offtake-deal-with-posco/ think it should have been this link Mahenge in Tanzania
Forgive me as I've surely missed something obvious here, but what do we have to with synthetic graphite when our interest is in producing high grade natural graphite?
Driving myself doolally awaiting the next RNS.....it'll come when it comes I guess, would be nice to know if everything is going according to plan.
Https://newsroom.posco.com/en/posco-chemical-expands-the-production-capacity-of-synthetic-graphite-anode-materials/
POSCO it might be.... any good news to lift the dirge of this share price welcome zzzzz
Telegraph march 20
https://www.telegraph.co.uk/business/2024/03/20/joe-biden-crackdown-us-petrol-cars-electric-vehicles-evs/
"Joe Biden has announced new rules that will see as many as half of all cars sold in America run on electricity by 2030.
The US President on Wednesday moved to adopt strict European-style tailpipe emission rules. The finalised regulations will require manufacturers to drastically cut the amount of carbon dioxide (CO2) emitted from cars and trucks from 2027 through to 2032.
The rules will trigger a seismic shift in the US, a country dominated by cars and one where the price of gas is used as a barometer for household finances.
Battery EVs currently make up less than 8pc of sales, while plug-in hybrids represent just 2pc.
The President last year announced an ambition of electric vehicle (EV) sales reaching 50pc of all purchases by 2030."
My guess is.....POSCO will be our offtake or one of our offtakes.
Dont worry spank
I have 1million shares at 5p. I have also timed it badly and waited 4 years plus.
But this will be 10p plus this year.