Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
The patent information was new to me.
That aside, the sheer range of irons in the fire, and the smart way AVCT are going about supplying other companies needs (royalties, licences etc) was a great overview as to what this company can become
Spitfire
Haven't seen that name for a while, hope you are well (I'm upthepool on asvfn)........don't disagree with anything you've written, and why I should have sold out my initial stake when it spiked to 44p all those years ago.
But the risk/reward at todays price, as against where it was then works for me - although there is no way I would put in there what I put into EUA all those years ago. Only got 1m shares in there, which is a very very small part of my overall portfolio - for a **** or bust punt on whether the stuff can be extracted from the ground.
Agreed. If you don't even entertain well structured, negative argument posts then you are not constantly questioning whether your share choice remains the right one. Which is what you have to do (goes back to the falling in love with a share i mentioned earlier, a recipe to lose money).
I had a share recently where everyone on the BB was saying it was going to the moon. There was one poster consistently putting forward the negative argument, a guy knowledgeable about the company. I looked into what he was saying, came to the conclusion he had a point, sold up, and a couple of days later they halved on an RNS saying exactly what that poster had been saying for a few weeks.
I
If we had followed the herd all those years ago we'd never have bought into EUA.
I've got one of those companies you describe at the moment. Management considered inept, management history dreadful, but the resource is there, bloomin loads of it and needed for the electric revolution and the doldrums share price now trumps the negative management history - so I'm adding.
As you say, look for the disparities for maximum game
TDT still is, to be fair. The argument he put across tonight on one of the advfn threads is a prime example of how he attempts to use technical jargon to re-inforce his point.
I'm in the fortunate position of retaining just a little under half of what I accumulated previously with an average buy price of 0.56p ( I de-risked in the 20s, 30s and a few in the 40s)
And you are quite correct about the market, it is invariably wrong, and understanding that discrepancy between actual share price and company value is how you make money.
Oh, and not falling in love with a share. That helps :-)
Apparently, if you only have a few post history your opinion is not valid....jeez.
I've not many posts on here, but I have on advfn and I too remember the 0.4p days......and when in tanked from there to 0.2p briefly.
But what it does mean is we have a shed load of shares (even after de-risking), as you got loads for not much :-)
I reckon the AIG % you have used might be a bit lower than that. Historically, about 7 to 10% proven. The flanks will be less than that.
I've done a calculation, same as yours but used a slightly lower $ per ounce, 3% AIG for flanks, 7% for the rest and got to a range of 2.4p to 2.6p based on the lower and upper resources quoted in the RNS.
So, for me, this isn't a "game changer" RNS in itself. But, we all must remember that MT resource is more than 100 times that at MK, which is a game changer.