Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
S.F.B.A.W.T Fordm, S.F.B.A.W.T
Never fails to disappoint…..
OAC -
I am probably going to get shouted down on here and accused of all sorts, but I am going to say this nonetheless.
I personally think that MM’s background has an awful lot to do with how he conducts his business. you’ve got to give the guy credit for what he has achieved because let’s face it, it is remarkable and nobody can take that away from him. But when you come from so little a lot of what drives you is kudos and respect from other people, it’s not just the money. Personally I think MM feels he should be lauded as the next Bill Gates, Jeff, Bezos, Elon, Musk, and I don’t think he can understand that he isn’t ready to sit at their table. As for listing in the US, if he thinks they’re tough here, they will make mincemeat of him there. There is a ruthlessness about the US and his crying in his cornflakes would be laughed at over there. He is far too thin skinned and I really don’t think his ego could take it.
Right, I’m off to the stocks to get ready to be pelted with verbal tomatoes and rotten eggs….
And we’re back to posts about takeover talks 🤷
MM has clearly said he’s only interested in partnerships…..
Misery loves company Fordm……. I’m coming too 🤣🤣
100Cups - “ Until there is an actual market ready product, all of this is still a completely speculative play”.
Meatly has gone to market!
DAVID.M - I lodged a complaint with the FCA over all this. As a lone voice I doubt anything will come of it but I figured if I was going to complain, I should complain where it counts, so to speak. The rules clearly state what is permissible and what isn’t, but no point in having rules if they’re not enforced.
I know I am not alone in questioning this debacle. Something quite clearly just isn’t right.
They did some geoscience mapping work for/ with Helium1 for their Rukwu exploration……. Getech should be all over this PR wise considering the stratospheric rise that HE1 has recently enjoyed which is because they have successfully found the sweetspot of a working helium system.
Getech IR & PR need to get on board…..
Hi DAVID.M
Proventure do not have any obligations as yet! They have not announced anything, have not signed anything and have not had a single word to say throughout all of this. The only person saying anything at all is LC & the BOD.
Who knows because we certainly don’t, Maybe initial discussions were held and a (verbal) sign of interest was indicated but there is absolutely nothing to indicate they are on board in any sense let alone an obligatory sense.
If preliminary discussions were held, I can quite see Mr Kona saying he’ll be happy to have further discussions and explore possibilities but as a general indication - not out of obligation. Clearly Proventure have no obligations here.
I know we disagree on this but I respectfully suggest that the issue here is not Proventure but LC. And there are no signs of anyone else jumping in to do business with them….. none of their other 3rd party talks have given rise to additional partners, funding or Jv’s. If he asks for more funding from Kibo tomorrow that should tell you no pennies are coming from elsewhere.
Wishing all holders here the very best - genuinely hoping something turns up.
Fordm….
The only corner I see here is the one I’m sat sobbing in, and dribbling too on occasion.
Let’s hope, as part of that, he ditches his proposal to cancel all new oilfield licences and allows the current ones issued but not yet up and running, to stay live.
Our Mr Mellon has fired up his share certificate printing press again, I see…..
Good to see directors buying in again …..Always a positive sign
That video is 3 years old ……
They previously stated in more than one RNS that they were in advanced talks with other third parties to secure funding. Clearly those talks all came to nothing so that begs the question why no one is willing to enter into any business agreement with them…….
If the could have secured alternative funding they would have - nothing with Proventure is even signed yet ( as per previous RNS).
Not helpful for anyone ….
Clemdave - best post on here.
Morning everyone
It’s been a while since I last posted on here …… was rather hoping we’d have been further along than we are by now! Rinse & repeat here, that’s for sure.
My enthusiasm for this share has certainly taken a bashing and I know I’m not alone in that. Thing is I now no longer believe there is the will or need in the BOD to advance the sp for the benefit of their shareholders today, tomorrow or at any point at all. They seem content to bob along rowing backwards with no sense of how exhausting it is for shareholders to tread water for so long. Their way or the highway so the highway it is once I hit breakeven. Potential is just unrealised possibility and potential doesn’t grow the pension pot.
Also I’ve had it with IR - bloody bad form from them. And no questions I have ever submitted to an AGM have even been asked. Just rude.
Hi AI……
That recent appointees are very USA focused, and I do believe they were brought on specifically to crack the US market. As for listing in the US, with the way London is at the moment, I think the same could be said that all companies would be better off.
I believe this will be a takeover target at some point, and I am holding specifically for that.
HullFC4ever - “ A transformation from being on the knees does not happen overnight.“ Absolutely spot-on.
CEO has stated market leader in 4 years - that’s a big bold statement from Mr Kelly and I think it’s quite a tight time frame, but he has put it out there and he will be judged on it because if he doesn’t make that, it will be seen as a missed target and a failure to deliver.
Without rebuilding trust, which certainly doesn’t happen overnight, the share will not be worth anything to anybody let alone be a take over target. Current management are going about this the right way…… they are rebuilding their brand and their business and they are going to market with their prospect. Time and patience are required because they need to earn their place. So many people, both institutions and private investors, are deeply underwater here, and it is unrealistic to expect a fast turnaround in either sentiment or the bottom line on the ledger.
I think they will do it, but it will not be a fast process…. I’m not even sure they’ll do it in four years. This is not a trading share…… this is a long-term hold for what could potentially be incredible gains.
GoldGirl….. you made your breakeven….. are you still in?
Crazy to think this is real ! Losses feel like distant memories now….
GoldGirl - looks like we get to do this all over again next week for our sins! Didn’t honestly think I’d get more than one bite at the cherry….. did you make a decision ? Are you going to cash out at or near b/e or is it in for a penny, in for a pound? Im sticking to Plan A - just hope AJB execute the order this time round, assuming we reach those dizzy heights again. Don’t think I could take another failed transaction!
LTHs do deserve a bit of good fortune - pleased for those who jumped in on the recent raise, it’s good to know it hasn’t been all doom & gloom but definitely time for the LTH’s to benefit here.
Have a good weekend everyone -