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.
Trying to buy a few and keeps going NT - very strange considering the selling today!
Have placed a limit buy at 1.3!
Those 3 sells of 500k within minutes of each other earlier was clearly an attempt to drop the share price due to the low volume. Let’s see how this plays out as there’s a buyer picking some of these up and then another sell of 500k - I will be looking to join in with a few buys myself if this drops further!
It is not clear what amounts we have at each rate but lets assume we have fully utilized the $4m at 10.5%.
$4m at 14.05% = $0.56m
$7m at 16.05% = $1.12m
Total interest payment are $1.7m per year. The US is targeting another 0.75% increase in rates next month so Libor likely to go up also.
The US 6 month Libor rate is now at 3.55%. Our borrowing costs on the IYA loan are now at 14.05% - 16.05%!
Extract from the 2021 annual report:-
IYA loan facility
The Company has made use of an unsecured revolving loan facility made available by IYA Global Limited, a subsidiary of PLLG Investments Limited which is beneficially owned by the Company’s Executive Chairman and its largest shareholder, Peter Levine. This facility is subordinated to the Company’s external bank facility.
The total amount committed under the IYA loan facility is US$20.5 million with US$16.5 million at a 10.5% interest rate and additional borrowings of US$4.0 million at 12.5% plus 6-month Libor in line with previous bank borrowing. The facility is repayable in December 2024.
Thank you comeonvog
Maybe the board will start to get little better if the SP stops falling and even starts to increase. Hopefully you will stick around and post every now and then..
Hopefully we will hear soon on US situation plus some more info on Green House and Paraguay Drill update. IMO this is looking good at the moment .
Interesting that PL seems to be really playing down the Paraguay drill as he doesn't want spud/drill speculators/traders - not sure why, as the Share price could do with some excitement!
O & G shares seem to be back in the spotlight at the moment - I wonder if any of this new found attention will rub off on investors/traders having a look at PPC and realising it's way undervalued for the expected yearly turnover and furutre opportunities?
By the end of September, I'm looking forward to those, hoping President has turned a corner at last!
Lol OK good luck no hard feelings move on 4gotten.
grsshaw I do wish you luck here as you seem an honest poster. You wont find me ending my post with a deramp . I decided to stop posting here as the board became toxic and while i stayed positive my posting did no good towards sentiment so better i stay away. ATB
steven49 Learn from you num nut , i would be better off staring at a black board than taking note from your comments. By the way i have been in profit here since last year , you think my posting was not followed with trading . hahaha
Thank you Steven49 for your wishes.
I can understand your concerns but I feel Argentina will need to sort itself out very soon if they want business to start to invest big in country - the world is changing and quickly - already a few strong signs that the government want to attract business especially in O & G (they know this resource will be worth a lot less in value in 30 + years… ) for what it’s worth I have a feeling that PL will try and sell the Argentina O & G business and move into more attractive and exiting opportunities - he has a taste for this now from the ATOM performance - might be wrong of course and if so the core business is extremely under valued with over $40m turnover to be expected just from Argentina. US hopeful back online already, the drill (although I am guessing this will be delayed slightly) the gas farm out potential, Green House Generally with the recent announced lithium play. I have a lot of shares here and a nice % holding for a PI so let’s see how she plays out… good luck to you!
U should read and take note and learn lol then mayb u not be at such great loss.
steven49 you are a strange one, popping up with negative comments that nobody really cares about. Let it go !
Wish u good investment grsshaw, cheap 4 sure, Argentina problem I think corruption and leftist politics have ruined that country and make it un investable
https://www.mining.com/web/the-big-money-musk-sees-in-lithium-is-getting-harder-to-make/
It will be interesting to see where PL is at with this Lithium potential (and I say potential at this early stage!) if they have good contacts in Argentina then this could be a huge if they can strike a deal, quicker the better!
Sitting here and ready to press the buy button to add further, but have a feeling sellers may still come in later. I am waiting to see what happens this afternoon before adding more - again doesn't take large volume/value to move the price.
Not sure how many MM's are involved with attempting to make a market with PPC. Judging by the way this moves, not that many!
Spread not too good at the moment, it was okay earlier in the day.
Purchased a few more at 1.44/5 just before midday to add to my holding. Bit of selling this am but so far has pretty much held well today - with this spread it appears MM's don't have too many shares on hand!
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-weekend-bulletin-board-heroes-august-21-79670b5/
May just help to highlight PPC
Sellers out? Maybe!
I have been taking an even larger position in PPC over the last two trading days - I have purchased nearly 4.3m shares at an overall cost of just under £57k approx average price 1.334. Lowest price paid 1.243 - highest price 1.459. There were a few small sellers and TBH I was looking for the sellers to come in to keep the pricing lower so I could buy more shares, but they didn't materialise - typical! Maybe they are fully out, taking a breather or maybe they are on holiday, I guess we will find out next week!
Over the next few weeks/months I will be increasing my position further in PPC (hopefully double the shares that I have today!) paying no more than 1.7 a share (anything under this is bonus). When looking at the forecasted figures in the RNS updates I have fair value to start at 3.5 a share (MC £72m) which is when I will sell a few to reclaim my original stake and leave the rest invested for higher longer term gains.
The share price increased a lot quicker than I thought, especially yesterday, I guess due to the usual seller not really making an appearance. Using my two share prices as reference the MC moved from £25.5m to £30m or just over 17% or just under £4.5m increase. When you look at the value of total shares trading over the last two days this is just crazy and clearly highlights the disconnect from the MC & stock market reality!
Good luck all!
Argentina is now on the forefront of a global scramble for lithium. The country, which alone accounts for 21% of the world’s reserves, has just two mines in operation today, but 13 more are planned and dozens more are under consideration—the world’s largest lithium project pipeline. Argentina’s nascent boom reflects a rapid shift in the lithium market: a few years ago, lithium was a fairly niche product, used to make glass, ceramics, and lubricants. Most of it was sourced from well-established mines in Chile, Australia, and China. But with the global energy transition set to trigger a 40-fold increase in lithium demand between now and 2040.
https://time.com/6200372/lithium-mining-technology-argentina-gold/
Seller out
stewards = sp towards
stewards the end of the day. Hope it's a sign of things to come.
Atb,
Northern
I have been watching paint dry for months, good buying today, even Aim dealer now SqeSx (?( or similar back involved all buys
Taken a few more today, very close to my target holding
A few more purchases over the next few days should do it :-)
Nice average price now so just waiting for some good news -it can alway go the other way of course, but there are a few interesting opportunities on the near term horizon and the SP is so low I feel I have a good chance of making a few quid here!