Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
All conjecture and interpretation.
But what is the general consensus that when we sign on the dotted line with AA abd we get thier cash injection and investment.
Instant double? 10p plus in a few months or more?
In my interpretation of the joint venture RNS on the 12th May.
AA have a due diligence agreement for 180, after which the agreement becomes fully locked in and AA have to spend the agreed investment each year before 12 the May or agreed "1st anniversary?
E.g if it agreed in the next 4 to 6 weeks full they will invest 8million USD year one into ARC licenses?
Sound straight forward now I'm writing it but be good to see if the wider perspective is the same?
I have asked this a while ago but can't find my thread.
IG won't let me open an order is HL or AJ bell still allowing buys?
(Yes I am considering buying more and yes I am doing it reduce my extremely overpriced current average and yes I still believe this will come good in the future and have time to wait)
GLA
Getting passed all the time frames and people opinions on ARC.
I've been here a while now, I knew Covid was going to put some brakes on it.
I'm not looking for a quick play that's for you 10% this isn't it your right.
This on for those with a bit of spare cash every month who can put these shares in a draw and watch them mature of a few years which this has and will.
Not all work out but now a Major like AA have joined it makes me glad I too k the high risk when I did!
P.s I'm still red on paper but very positive about our area and licenses, been averaging down every month and I'm hoping to be blue at mid 4.s just before it before it flys hopefully
GLA
Thanks both, found the thread, very strange, surely trading is what makes them money (although I just accumulating tbf)
Going to have start accumulating on another platform.
Do HL or AJ bell have restrictions also.
Just tried trading 212 but the buy was padding for 10minutes, so binned that off...
Thanks
The war somehow and I mean somehow makes the sale fall through....
OK well what's the alternative?
They find another buyer?
They dilute the shares to raise capital to go alone on further mining projects after WK is in production?
The board somehow after all this, just pulls the plug on everything and we all lose our investments?
Or...
As far fetched as its sounds the 'possible' / (confirmed & agreed) deal goes ahead, maybe with some delays, given they are at war.... (who knew that would effect things? ) and the sale Continues like normal transaction?
If not someone will Cold hard facts show the value in these licenses and every business need to make profit just like EUA.
Just a little sat night post, I don't like to read all the rubbish in the week.
I've been in this since just after suspension (even bought 40k over 32p so I am heavy under water.
But I've also managed to accumulate far more than I thought I would and now sit with an 18p avg and a decent stake in the game.
All the noise for those looking at should I or not....
Look at the business facts, trust your own gut abd ride with it.
I've always said £1 plus on JV or sale so that X12 from here.
I will be topping up next week also.
GLA
A site meeting with Jubilee Metals Group consultants and metallurgists is scheduled for May 2022 by which time it is expected that test work will have been completed and the process of plant design can commence"
This is what stood out to me, processing pla t is in design, meeting with jubilee this month.
Tells me we already have the answers and ow we are going to extract it with Caerus, I wouldn't be surprised I'd some of COLIN othe minors got involved.
One thing for sure, it is moving and this is going to take 3 to 5 years to come really good and will have already multibagged from this point many times over that period.
Pick up the shares stick them in your portfolio or drawer and focus on others while this matures.
Great RNS and a great little investment with great assets, exciting times.
GLA
1digger, valuations of this last July when in exclusivity with AAL were looking at between 20 - 24p which will be incredible, have I missed something that's making you suggest this now has 10 bags (40p) valuation in it?
Certainly prefer yours to mine but feel I may have missed something over the last couple of weeks
ATB
I Have made some impatient posts in my time but for the love of god, the children on here screaming what is going on!!???
What is wrong with you all, there is a Huge war between 2 countries going on and out of the 270 in the world, one of them is in which lies our investment......
Just sit down, shut up and wait, no one is updating anyone about anything with war and sanctions flying around, I thought there would be more common sense amongst individuals who invested money in businesses....
GLA, hoping for a peaceful resolution soon
I agree diamond, my strategy with the ways copper is going to be in demand is too hold until sale or JV is announced. Should take us above 20p with what we have.
Sell all at 20 to 25p and then wait till calm comes in and try a wait for a reentry point to buy up again ( I want more shares for my money) because once they get a mine up and running, I believe this will be a steady rise way beyond the initial re rate and I fortunately am in no rush
Aimo
I may sell and never get a chance to re enter but I'll take whatever profit comes from this
Thanks both,
Fuko - mainly thinking the major / buyer wouldn't want to inherit the casa sale and have to deal with getting it over the line.
If its a JV, which I deem most likely rather than asset sale then maybe part of that is ARCM puts in the casa sale money too?
Just a thought but more realistic they are and will be kept completely separate transactions
The extension of the Casa sale, delay the current JV/deal we are all here for.
Do we think the buyer is waiting for that £5m before signing on the dotted line.
Trying to gauge time frame, as before this delay I was expecting an announcement before mining season at end of April.
Be good to get other investors thoughts.
Apologies if already posted, looking good for some real progress this year
https://www.proactiveinvestors.co.uk/companies/news/976887/caerus-mineral-and-bezant-resources-complete-phase-2-drilling-at-troulli-copper-gold-joint-venture-976887.html
Just topped up further trying to get my holding to 5m by March but waiting in the majority of my EUA stock to come through before transferring more here.
Opposite to what we obviously would like but I am thoroughly enjoying this little explorer going under the radar at these prices.
It at its bottom and give those of us who have been around it a while to really build a stake.
For me this is a long term, there will certainly be spikes and dips, probably some further dilution to get mine up and running. BUT with Cyprus, Hope and mankayan projects, 5years from now thus will be 2p plus.
As soon as we start getting some decent assay result and have consistent revenue for the gold mine, this is worth £100m MCAP as a business.
Going t9 be my next long term play along with ARCM
GLA and thanks for the information that's posted always very helpful