Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Well done chief exec and board, a marvellous days work! Time to reward yourselves with some bonuses and pass round the cigars…….and don’t forget to reward yourselves some share options…….marvellous marvellous………….
Chief exec needs to resign in the morning, drop magnified many times by the useless useless useless way some quite logical information was presented……once confidence is lost, can’t get it back and will only damage the company further. I hope the big institutional shareholders are on the phone to the chairman as we see a disastrous day end
Even worse in the context of the general market having a decent blue day. Now down 18%, heads have to roll………
Whilst this is going on, other miners like Rio, although facing the same market and issues…….. have a flat SP today……just goes to show what a total dogs dinner the board and comms people have made of this. Fund managers quickly smell out bad/clumsy management and understandably take their cash elsewhere. I say again, heads should roll for confidence to be restored.
Action being taken is probably right, but the presentation of the messaging has been worse than appalling. To destroy16% of the market cap in 6 hrs for what is fundamentally a sound business with great cashflow and prospects takes some doing…..heads should be rolling for this utter disaster
Just need to see all this momentum reflected in the P&L numbers, evidence of profitably monetising these relationships, then SP should🚀. Market v tough at the mo, many companies reporting progress and SP’s just dead in water or lose ground even on good news, AIM bit of a sinking ship for now….looking for a change once evidence that interest rates have topped out and spec money come back to market. At the moment, no reward even for good decisions/ performance
Will be very interesting to see the volumes and SP movement tomorrow, no reason to expect an RNS, but something clearly attracting those deals…..bring it on
RNS confirming company is going what they said, all good for improving confidence and gradual expansion growth. Positive stuff.
At end of the why not sooner etc…..this is a positive sign….at least it’s buying and not selling!!!!like the rest of us, clearly seeing value at 10p….hopefully results and sentiment will track the SP back up.
A bit of a punt….but Just topped up to lower average, looking for next news to be significant hopefully on coal creek jv after the July RNS…going on balance of probabilities GLA
With a q&a this week, it’s most likely the only reason they needed to try and find something positive to issue and talk about before hand. As to the degree of positivity, take your own view….but feels like pretty thin jam to me….
Reading this RNS as a long term sufferer of this share from its 4p days, I recall this being used to sucker punters into excitement 2 or so yrs ago……I know it’s different leadership…….but using it again in an RNS, be warned………my holding now worth so little….decided to retain in case one day there is a miracle and they actually find something commercially viable before I go 6 ft under…..you never know
Does this finally signal a breakout having been stuck in the 43-45p range for a long time, based on the very positive news it should be
Many thanks 2phevs, if it’s that easy, still don’t understand the secrecy/smoke a mirrors in the RNS??
Utterly useless RNS without knowing who it is with, very odd not to name, almost raises more questions than answers…..in my opinion…..wierd…….and does not help confidence and transparency. Only telling what they want you to know is not a good culture!!
Probably right painless, news should already be in the price
Stop dreaming he can deliver paradox alone, he has had more than 1 shot with shareholders capital and has failed to deliver any hydrocarbons to market, he desperately needs the expertise and balance sheet of a bigger partner. He needs to swallow some pride and get a partner in on the best terms he can in view of the current situation, this will move the SP significantly without exposing current holders to excessive risk. problem is that he needs a deal in such form that it keeps him on and his jam rolling. I sincerely hope he is doing this, or seems very likely next year will be more promises and ‘look at the potential’, with another cash call as his short term income literally dries up and sod all at paradox delivered. I have been suffering this one for 2 yrs, patience and destruction of capital exhausted and I imagine many long term holders feel the same.
Ignoring much of the nonsense and sticking to the RNS, things looking good and even fantastic so long as they get the production as referenced, put that into a cashflow at $80 per barrel, look at the current co market cap and you can draw a likely conclusion on the most probable SP direction in 2024.
After all the hype, it comes down to what the co actually says about any issues, production/ flow rates etc…..going to get the occasional ramping spikes whilst waiting, this morning a classic small example of that……patience going to be required gla
Great news from them this morning…market waking up to this, I imagine they will have to RNS shortly. Cashflow looking good, great stuff, gla