Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Guess the million dollar question is when?... but very positive to see he is replying and not ignoring shareholder emails as he must be getting the same questions asked all the time. Let’s hope it’s soon as otherwise it starts to get worrying - they just need to publish the accounts to trade again.
Might be helpful if you could post the reply you got from them.
imagine if we got anywhere near the year high of over 2p... that would be 4000% from where we are now but that would be a market cap of £60m which is unrealistic but getting a market cap of £1.5m seems reasonable - that should take the SP to 0.05p and £15m market cap would take the share price to 0.5p...
i think we might have to prepare to wait longer to get relisted which is dissapointing but if it means that ultimately we have a more revitalised and recapitalised organisation then we should do well - other than delisting, how much worse can it get? I mean the market cap is £150k and most of us have mortgages that are that big... what will add excitment is if the bridging finance is provided by a big player, that will create a lot of positive sentiment
Oops looks like my error - the May update suggests a proposed deal, not that it has concluded. Therefore it is possible that the US business is still operating and potential recapitilisation of the company may not want to lose its US customers and prescence
"The Board is negotiating final terms with a third party to migrate its US customer base to the purchaser's platform. Shareholders and investors should note that no definitive documents have been signed at this stage and there is no guarantee that the deal will complete."
I thought they had already sold USA business and the whole debate with Barclays is about whether or not they could use the proceeds or the bridging finance until the proceeds are received? Either way, pretty sure they sold their USA business so not sure how they can still be trading in the US?
Any indication of what timeframe they are working towards in getting their accounts signed off so that they can start to trade again?
we can only hope that it will be sooner than that - feels like the company do not intend to take that long as they wouldnt have bothered to give us an update on bridging finance otherwise - i mean its hardly going to affect the SP whether they do or do not gives us updates but it would be nice as a curtesy to keep shareholders updated rather than silence that sually happens in these scenarios
I believe they have up to 6 months to publish the reports before they are forced to delist off AIM
l apparently this is not trading on Barclays platform at the moment - either on line or on the phone...
thanks - how annoying, Barclays is really not the best platform!
anyone else not able to find the compnay through Barclays using ticker OKYO?
wondering why my post from this morning about me being able to dummy sell 4m shares at 0.27 without going to NT was removed? suggets there is either a buyer or MMs accumulating because they know they can sell at much higher price; ive never seen this share to take a sell of this volume without going to NT previously!
Could be - price at the time was bid 16 and ask 16.50, having said that I can�t imagine that the MMs would so generous to pay above bid to sell those volumes? Also the price went up straight after.,, points to it being a buy, maybe mates rates lol
and they have tendered for more contracts so possibility of more contract wins - i am so surprised that this has not moved much at all, its got to be worth alot more than where we are just on what we have?
am guessing there are some big sells in the background being worked given the SP action? Aim is funny, you get a great RNS and a rubbish rise but there are other rubbish shares on AIM that have crazy SP?
Wonder why its not moving from 1.4 ask despite lots of buys at full ask
At least we know it�s not going less than 1.25 but what would be the upper limit?
Never come across this type of placing
and a 1 code for any believers