Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I don’t disagree with you Troajan. I’ve been topping up down here over the past week or so and managed to get my average down to 15p (now got over 1.7m shares 😳) as think this will get back up to 50p+ over the next couple of years so good to see some buying today!
Nice of you to take such an interest in me Samsmith.1800 . I sold my main holding early October last year at around 8p (equivalent) but still have 75k shares (a small amount of shares) in my ISA account so still keep tabs on what’s happening at Held. Apparently you feel I’m not allowed to do that and have resorted to childish name calling rather than having a grown up conversation… That makes me sad for you so I’m sending you positive thoughts so you get better…
I don’t think it’s an in and out either… I suspect it’s a couple of buys for the same buyer worked over the previous 2-3 trading days which is why they didn’t appear to move the SP BUT the SP dropped to low 24s a couple of days ago so it’s probably these two buys that helped to bring it back up. Either way, today it looks like we’re testing recent highs again and somebody (maybe an II but who knows) just bought nearly £3/4m of shares at 26.75p which is positive news! Once we finally get through 27p (which is a big one to get through so might take a little while) I think we’ll be back up into the 30s very quickly… DYOR
I can’t see them going to the wall! The business has been around for almost 20 years. I bought and sold back in 2021 but bought a few more just before they were suspended but have been hoovering up shares down here since they started trading again. I feel confident that they are a good investment, even at double the current SP but I guess only time will tell whether I’m right or wrong…
I think the risk here at the current SP is minimal. Yes, they’ve made some mistakes (delayed audit) but they will have thrown the kitchen sink of bad news at this at the end of last year. The bottom line here is that this is a good business that’s gone through a poor trading period, having got ahead of themselves but the MCap is currently at about 10% of what it IPO’d at so I for one think it’s a pretty sure thing to at least treble my money over the next 6-12 months and multi bag over the next 1-3 years! The team running this business have lots of skin in the game and Darren Morcombe, who helped IPO it, has recently increased his shares from 3.99% to over 10%! DYOR
So does that pave the way for the members listed in the Concert Party to now buy more shares at this bargain basement price as long as they don't buy more than another 11.16% of the total shares?