Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Bought. Watched the presentation. They deliver and as they say are in a rhythm now. To cheap and see a few bits of potential news in coming weeks/months that will validate this.
Looking back in here. Noticed it falling last few weeks. Very cheap when considering cash now and net assets vs mcap. They sign posted sanofi milestone payment which will be a few million too. They have a history of delivering. Director buys wouldn’t go a miss
Unfortunately I didn’t get on the analysts call but I see the 2023 full year results presentation has now been posted on the website - looks promising . It seems future milestone payments (next one Sandi) should keep the company cash flow positive for some time, we need to see how Immuno-Inflammation programmes bear fruit and enhance shareholder value as per revised strategy communicated to us back in July / August. The company normally gives a short interview with Proactive Investors so that should be worth looking out for.
The backward looking results were as expected, no shocks.
Nothing to warrant such a SP drop. Well funded and plenty of pipeline opportunities near inflection point.
Wakey - be interested to hear feedback from the analyst call, if you could?
Pretty much valued at Cash In The Bank now....no value associated to the actual business at all.
How bizarre is that?
No wonder so many companies are leaving the UK markets, what's the point being listed if markets can't even value a company beyond it's cash position?
Company should find a partner and sell itself to them asap and stick two fingers up to the UK markets.
This IMO is materially undervalued and I wonder if there has been a larger shareholder exiting that has caused the recent significant drop in the SP - no RNS to confirm though, mmmm. Also, I see there is an analyst call today at 9.30am but nothing for us PIs. I’m hoping to join the 9.30 call and see what they have to say. The results to 31 July 2023 are not particularly inspiring but the post period end and future outlook is far better
Indeed they are making good progress. Plenty to look forward to. Cash is enough for another 1,5 year.
In July we had about £21 million cash and assets of £6.5 million, let's allow research spending of £5million to present date....that leaves us with our present dp.....no premium for deals done or research to date ????
Green for the change!
I agree Wakey. I am going to hold tight and be patient.
I think the management team is good (albeit a bit lacking in comms) and the pipeline solid. Nothing has happened in the last six months to make me change my view. Until such time as the facts change, I will hold. And accumulate if it falls further.
Don't get it. MCap at this SP is around £20m yet they had cash received in August from Individor of £15.95m and the pre-existing cash runway should have taken us well into 2024. So you could say that the MCap is represented mainly by the cash balance. There is little debt in the group. Furhter milestone payments to come from Sanofi and Astra Zenenca unless they sell future rights for a lump sum (so further cash potential) like they did with Individor. Even if the results are awful how bad can it be to justify this low SP unless the company has been on a mad spending spree and spent a huge amount of the cash? Assuming that is not the case, what else could justufy the mad SP drop over the last 5 days?
The company would be required to make some comment re the collapse in the share price over the last few weeks....Guess..those in the inner circle know exactly what's happening...gla
4p fall since last Wednesday. What?!?
There were quite a few big transactions today so far. Who is picking up the shares? Lombard Odier?
Finwit
what kind of 'trading groups' ?
I know several trading groups who are shorting this share and as of last Wednesday none were looking to close the short yet?
Think this has got further room to fall yet before shorts need to close. 15th might produce some positivity however I don’t expect to see anything but the continued slide for quite a while
I think the board could be a bit more communicative. I don't expect them to put out news for the sake of it but there must have been something noteworthy they have achieved. And if they haven't, they should pull their finger out !
Money? They had 10m on 31th of Jan and they got another 16m in August. Right now they must have 18-20 I guess. Basically their portfolio is valued 2-4m right now.
Somebody shorting like fck..bad news next week re monies ( but that has been sorted since) and they will play with that, you will see all the gloom amd doom gang turn up.....Good time to top up if you can call it near its low.
SP at 5 years low, MCAP 22m, CASH with 15-18m, promising pipeline, milestone payment soon, Polar Capital bought 5m shares at 15-17p recently, Directors' options at 15p. What a joke.
Year end results out next week, they're going to be bad, but we know that.....going forward though, approx £15 million in cash and some promising trials/partnerships in hand...so looking to be on a better footing now.
BUT...we still have someone driving the price down for their advantage, so the games will continue..gla
Market makers trying to find a bottom!! Think last results were on 15th dec! They have a good cash buffer !! I added some today at just under 10p !! We need a good guidance in the results
Strange idea tbh. It was a massive drop on relatively low volumes today, hopefully they provide some operational update with the result soon.
So they’ve sold over 43m shares to open a short at these levels? I don’t think so
So you say they are shorting it to go long cheaper?