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Have to wait to see what this means in practice. I think they'll issue permits to everyone and continue exports but will hold the withdrawal/exports over heads of importers - warning if you sanction/try to hurt us we'll push back. Its what happened to Japan a decade ago when China banned rare earth exports to the nation.

Most of Chinas graphite is exported. They absolutely do not have the capacity to absorb it all. They have massive stocks and over supply at present, hence why the graphite price this H2 is low.

His meeting was already pre-planned and not prompted by the "graphite export ban" from what I am aware.

\ater reading about the export ban and knowing he has a trip to U.S to meet DFC, I can just imagine Mike doing cartwheels. Again, I still believe permitting happen and exports continue as China would destroy its own graphite producers/processors without exports - simply doesn't have to capacity to use all that graphite internally at present. There is also a surplus in graphite stocks and oversupply at present, hence the significant drops in graphite price H2 2023.

Regardless of the above, the optics of this ban are great for BRES. The West is taking notice and the timing couldn't be better for us.

From FT today, it seems the company is in more legal hot water than they let on.

"Ferrexpo believes it is the victim of an orchestrated campaign to punish its largest shareholder. It says the legal swoop against its subsidiaries is illegal, that it was never party to the loans agreements Zhevago made with the collapsed bank’s creditors and that any attempt to seize Ferrexpo’s assets would penalise other shareholders.

Last month, the country’s State Enforcement service, issued an order to freeze a 50.3 per cent stake in two of Ferrexpo’s Ukrainian subsidiaries on behalf of the central bank. In March, the Deposit Guarantee Fund obtained a similar freezing order against stakes in all three of Ukraine’s subsidiaries. Ferrexpo says the asset freezes have not affected its operations but could ultimately lead to their confiscation.

The company is also in a dispute with the Ukrainian government over royalty payments. Lastly, Ukraine’s State Bureau of Investigation launched a probe into suspected illegal extraction and sale of minerals known as “rubble”, which is used for road building."

https://www.ft.com/content/03f28fa5-e5b0-4e34-a6e0-f42e98b6fb94

Never call names good sir. A little humor in very dark world.

Pic, you feeling ok? MIke needs to do "something" - he just got the fricken government endorsement of the Divided States of America. They've agreed to give us $5m, very likely help BRES secure financing for the overall project, increase our JORC,i and last but not least to include downstream processing which will post our NAV to a staggering $1b.

What you should be pi**ed at good sir is the MARKETS. They are broken - broken like 3 legged table, broken like a reliant robin, broken like my libido....

Bring on NEVER being taken over and worlds best dividend once this is built if you buy at these prices.

In the words of my 5th wife - get off me d**khead.

Not sure why you'd sell now but there will always be folks who sell for 5% profit. Glad to see I can continue to keep buying at these prices.

Waiting to top up at the inevitable sub 5p!

Very much looking forward to see the figures on capex/opex and price of graphite they use in the PEA. Building and operating a mine is notoriously expensive in Greenland. I only keep adding as the high capex/opex will hopefully be offset by our extremely high grade deposit.

If its economical, i have no doubt this will be built one way or another. The West needs graphite and Amistoq is at the doorstep of Europe and U.S.

Can keep adding at low prices....

Pointless rns and unnecessary expense.

Like everything i expect them to dip back to what they were as traders exit. These export restrictions by China are just permitting and exports will continue. They are just holding a gun now to nations/corporations head, and that gun will get bigger as more commodities are added and permits required. China telling the world go against me and ill pull the trigger. Its what happened to Japan over a decade ago for rare earths minerals. Japen went ahead and developed its own rare earth processing industry over the next decade, not everything, but a significant amount.

This is a double edged sword for China, as it builds the urgency of building our own supply chains and motivating us to do it.

All in all I'd say positive news, but dont expect major changes to our SP. ASX is a very different beast re mining stocks to shady lifestyle companies AIM.

Once the Reta Engenharia's detailed capital cost review is concluded and financing package is announced - retail investors will feel like they've been used like a cheap hooker...

Who gives a hoot..

When will our nominated hang man have his day with the Snake and Retter.

Have to wait to see what this means in practice. I think they'll issue permits to everyone and continue exports but will hold the withdrawal/exports over heads of importers - warning if you sanction/try to hurt us we'll push back. Its what happened to Japan a decade ago when China banned rare earth exports to the nation.

To early to know if this means anything. Can just be they are putting everyone on notice and will issue all permits but hold the withdrawal of permits over their heads.

PP, I enjoy your posts, usually productive and informative.

Unfortunately, your informed and productive posts mean next to nothing when dealing with HZM and at it's helm deceitful BoD, specifically, Jeremy Martin and Simon Retter. They have lied, lied and lied again. Just a few weeks before, on the IC JM said on budget, on time and rerate expected. A few weeks later we got the dreadful rns stating we are at least $200m short and 1 year behind. I have never read an rns and had to reread it thinking I've misread it, this can't be, but this one I did. I was in disbelief, as every indication by the Snake was "we're all right, yes I'm a little shady, and I've waited last minute to do raises just to make sure SP is at bottom but it will be done soon and we'll generate revenue. Roll on rerate, A2, V and takeover".

Time to get real, yes the assets are of value but it doesn't matter when the BoD tell lies as easy as drinking a glass of water and IMO intentionally destroy shareholder value for their own personal gain.

The two crooks JM aka the Snake and Retter made millions in "commission" for "securing finance" which is their jobs. Clearly, the original finance deal and THEN a 2nd finance/raise and now an upcoming 3rd finance/raise is not first for purpose.

I would think it's only fair they return the millions in "fees" as it clearly wasn't fit for purpose. It says it all about their characters, its extremely doubtful based on their characters they would return it. You'd think the Snakes £603k salary and Retters £437k salary was sufficient for two incompetent individuals which have not generated a cent and keep destroying retail investors investments.

Next rns is dilution to oblivion or construction has ceased until funding is agreed.

Anything is possible with the Snake at the helm.

Its gambling until we know how the huge gap of at LEAST $200m will be funded.

I can bet my eyes, there will be massive diluation and the winners will be our major institutional investors and losers will be....drum roll...........retail investors.

There will be ZERO kindness but absolute ferocious ruthlessness and predation by the likes of Glencore. If anyone doesn't know about their reputation, I suggest you go read about them.

HZM is like a weak and limping Gazel wondering the Sahara looking for water and a place to rest and Glencore et all is that lone alpha male lion with its lioness scattered all around waiting in the grass as it gets closer and closer knowing its 100% going to devoured and teared apart shortly.

It is not IF we will be devoured, but WHEN.

Don't talk the SP down as I'm holder and will keep adding. Just a realist in all honesty. Markets are broken, everything just goes down regardless of news and GROC is no exception. Unless we have MAJOR transformational news, and PEA is not that.

I agree EU support will eventually come and offtake as well.

I expect to us to see 3.2/3.3p at some point. If PEA is a "cracker", will have its little rise and then start the decline again to 3.2/3.3.

If it's not a "cracker" expect it to at least touch 3.2/3.3 quickly and likely fall further.

Markets are broken - broken like a hooker whos been working the corner for 30 years.