Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Yes, the financial management has been really bad and no I am not going to average down.
But neither is the situation irrecoverable.
This is a wait and see moment imo.
The project economics look great but are all the permissions & permits in place to start production in 2024?
The RNS today and indeed board discussion is all about EEE as a Titanium play which is fine for now. I recall however that the exciting RNS from 2023 cited a giant Copper find? As and when the copper is discovered I wonder what the company will do?
Various options like a Copper JV, sale of non core assets or a significant bid for the whole company from a mining major, all of them very good for long term share holders
Https://www.zerohedge.com/commodities/worlds-largest-uranium-producer-warns-production-woes
Not that the socialists in Madrid will realise they are sat on Europes only potential Uranium Mine right now.
Https://www.zerohedge.com/commodities/worlds-largest-uranium-producer-warns-production-woes
Supply shortages will bump up prices and might accelerate development of our potential mine. But it is in Africa.... the dismal continent
Decided to buy a few more this morning as I believe more good news likely this month. While holding a stake I have traded EEE through the ups and small dips of the past 4 months. So far, a great ride, with hopefully better to come this year.
Encouraging, but let's see where the share price is at close of market?
PMG seems to have been stuck below 20p for a long time and as yet Tom Cross has not pulled a rabbit out of the hat.
I bought a few more this afternoon as I believe the current price is just daft given the product potential. I will give it 6 months after which I will either be richer or embarrassed by today's bravery.
I recently said that about OBD....the next day it dropped even further.
Hissssss sound of deflating bubble.
Up 15% in the first hour but now only 6% up.
Buy some more this afternoon maybe?
How about Robbie Williams as player manager for Port Vale?
I would buy a season ticket to watch that!
I agree with both comments below. We live in strange times when imo the market over reacts to "news" in both directions. Fundamentals do not seem to matter anymore and the market still seems convinced that oil & gas are over. This is despite evidence to the contrary that we desperately need reliable and affordable energy, electricty, plastics and fertilisers which comes from oil and gas.
Thank you for the replies below, having been badly burned punting on HMI I would want to see Gov approval and a trustworthy management team in place before betting on another Potash Mine. This is a pity becase we all recognise the importance of the global fertilser market post Russian sanctions yet so many are run by dodgy managers in risky places.
Interesting news, a clever process to deliver more high value fertiliser. What's the catch to investing here?
ORCA RNS out this morning and they describe it as a gas field but whatever, good news imo.
Good news, a licence to extract gas from the N Sea in partnership with PMG. The latter led by Tom Cross who in his day delivered some great returns.
Some of the debt paid off which is good.
A decent pay out for B v B but his money kept POS solvent. I remain optimistic about prospects in 2024.
Interesting couple of days....
I continue to be perplexed by market reactions. The first RNS I did not think bad yet the share price dropped. Today's RNS was expected albeit not guaranteed but the sp rose 30%.
My personal view is that a fair price for SRB is back up at 100p not 50p. With more bad geo political news we might hit 100p this year.
Spanish politics not much better than African politics imo. Spanish Gov energy policies are wilfully stupid, even sunny countries need a base load electrical supply.
Market Reaction?
Hopefully back into the 50s but WTFDIK!