focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Thanks for the correction appreciated. Good luck.
Stringer01, perhaps a little academic but we're main market listed, not AIM, sorry for being pedantic.
Yikes, 36 Bres posts by lunchtime. Is that a world record?
Good to see a whole host of new names. GLA.
If the is the start of the speculation phase described by the Lassonde curve then a 6x - 10x could happen in short order. I’ve experienced this in practice with many mineral stocks. Have not quite profited from it as much as I should have.
Kerrching 30% up.
It's a good analysis but all speculation. I would've agreed ten years ago it wasn't uncommon to see 1000% spikes on AIM now however that's not the case. The only big catalyst I can see is if/when they get project finance over the line. That will follow DFS hopefully not long after. That will give a clear runway to production and from the DFS a clear idea of value. It's a massive resource with excellent grades so the re-rate if/when it happens will be enormous.
We won’t need to wait until production. The re-rate will start once we start to de-risk it, with news such as offtake and financing. That newsflow will likely start in H2 of 2024. The market will move in anticipation of it and not after it.
Once people see the re-rate commence, it will fuel itself to an extent regardless of externals. For example if this rises to 8p, many people will start to jump in now based on FOMO and anticipation of the future gains to come when the production securing announcements start to come through. All imo
It will re-rate but not anytime soon more patience needed here. As Mike inferred in the interview 2025-2026 production target. Still a very long waty to go here.
There’s a lot of money waiting on the sidelines for Bres to start its rerate. That includes existing holders as well. It’s an extremely long base and these tend to be the best from a technical point of view. What will help is stock being tightly held as well. Can’t see too many letting theirs go for cheap gains either.
It certainly was an excellent interview...... articulate, clarity, on point etc
One thing stood out for me was the fact that building an SPG plant appears to have moved from a potential "nice to have" opportunity to effectively business essential . Mike even added the SPG as the 4th project "success" factor along with Op cost, capex and purity.
Perhaps a subtle change but it certainly appears that this will undoubtedly be the approach given the margin enhancement.
Great to see some positivity coming back here. As Mike said yesterday, we are on the cusp. He said 1-4 months for the first off take agreements to be in place. If we can bag a POSCO or one of the biggies, then this will be monumental. We won’t ever see these levels again and double digit sp will be the base. First equity broker note is 73p and we could well get close to that in the next twelve months, that’s a 12+ bagger from these levels. Not many investments will give you that risk reward profile. Happy to keep adding as we move on up and have added three times already this week. Have a great weekend all
Bigger volumes now getting paid at 6p+, other underrated aspect here is our small float which is another by-product of Mike's excellent financial management and means not much is on offer as we move up
I have to say the Sponge interview was one of the best I've heard. Not like the usual ones that are simply trying to go for the soundbite/headline. I really understood Mike's vision, the market, the product and his realistic assessment of the pitfalls and upside.
6.17 paid (albeit tiny volume), thinks looking very healthy here
Not ramp/deramp but we are years ahead of another AIM listed Graphite stock based in Greenland.
Offtake announcement will be huge here
The commander and chief interviews well.
6p paid. If Bres can hold at these levels, then it might well finally breakout of this large base formation that it has been in for the last few years. Any re-rate starts slowly and then gains traction as more and more people come to realise its happening and RNS start landing as well into this mix. GLA
Just flagging this up if anyone hasn't seen it today - https://www.lse.co.uk/media/BRES/blencowe-resources-aspiring-to-become-one-of-the-largest-graphite-producers-in-the-world-8r99y3e7ghoujp0.html
-World class deposit the US GOV and China are after
-Excellent test work results in US and China
-Non-dilliutive grand funds coming through with major US Gov partner the DFC
-Additional £2M coming
-1st Offtake coming
-Then 2nd Offtake
-DFS advancing
-Only 2% of licence delivering massive resource HUGE upside
Along with many other reasons this deserves a sharp rerate and higher market cap.
JCEP and Spank - completely agree; great management is the absolute Number 1 must have in the nanocap market, especially in mining. And we’ve got it here
Https://x.com/themoneysponge/status/1788508942982578576?s=46
You're welcome.....
Thanks to the guy who asked the question on the sponge call yesterday regarding the prospectus and investor, seems to be all ok. I listened to the call this morning, really positive update and news flow to come. Quite interesting that Mike is going to be meeting with the Uganda president in the next few weeks.