Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
-World class deposit the US GOV and China are after
-Excellent test work results in US and China
-Non-dilliutive grand funds coming through with major US Gov partner the DFC
-Additional £2M coming
-1st Offtake coming
-Then 2nd Offtake
-DFS advancing
-Only 2% of licence delivering massive resource HUGE upside
Along with many other reasons this deserves a sharp rerate and higher market cap.
Guys read this the potential is insane. Also like, retweet and restribrute the text. Sleeping giant we have here in ALGW.
https://x.com/bullish7777/status/1786410252025340104
One of the most cracking and steady RNSs I've seen in recent months, couple that with the companies pipeline and history of sp breakouts well above the current price I am bullish.
As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).
The Board has adopted new Key Performance Indicators (KPIs) as detailed on page 14 of the 2023 Annual Report, which demonstrated stability following the acquisitions at the end of 2022. The Group's assets under administration and management reached $619 million, a small advance towards the Board's $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements amounted to £2.7 million, reflecting a healthy financial position.
In further positive news, the Company has fully repaid its borrowings and is now debt free.
The Company anticipates no current need for further equity capital as it advances towards its established goal of managing over $2 billion in assets by 2025. Both Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC") and Providence Life Assurance Company Ltd ("PLAC") achieved credit ratings in the past year, positioning these entities as potential financing vehicles for acquisitions, if required. This development marks a substantial leap forward for the Company, bolstering its M&A strategy significantly.
One of the most cracking and steady RNSs I've seen in recent months, couple that with the companies pipeline and history of sp breakouts well above the current price I am bullish.
As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).
The Board has adopted new Key Performance Indicators (KPIs) as detailed on page 14 of the 2023 Annual Report, which demonstrated stability following the acquisitions at the end of 2022. The Group's assets under administration and management reached $619 million, a small advance towards the Board's $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements amounted to £2.7 million, reflecting a healthy financial position.
In further positive news, the Company has fully repaid its borrowings and is now debt free.
The Company anticipates no current need for further equity capital as it advances towards its established goal of managing over $2 billion in assets by 2025. Both Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC") and Providence Life Assurance Company Ltd ("PLAC") achieved credit ratings in the past year, positioning these entities as potential financing vehicles for acquisitions, if required. This development marks a substantial leap forward for the Company, bolstering its M&A strategy significantly.
Definitely. I don't think our markets quite understand how steep of a value the other lithium developers and producers fetch over the pond, even with the lithium downturn.
Also Gais ALL is already taking the steps to mitigate any hold up from Piedmont with the excessive US$100m prepayment facility from the offtake, which is well above the companies committment. Also with the MiiF funds. Both of these funds cover most of the CAPEX which will allow it to order equipment, pay deposits and begin construction.
Also if you listened to the recent Piedmont CEO talk on Rockstocks he states they are working out options to buy/sell Ewoyaa's concentrate already.
I was also very impressed and have to admit hyped listening to the latest call.
https://youtu.be/ccxtHoQD_HY
Broker note is set at over 2p based on the current value.
Then to add value theres this to come this year:
-Independent verified report of the Anglo figures
-New and updated feasibility study
-Drill results
-Resource upgrade
-Investment decision (sounds very likely to me)
Also whilst the Uranium price looks set to go over $100.
Then you have the Q Global also on board...
I have a feeling this will finish well over 2.5p today around 3p.
-DEBT FREE
-CASH = MCAP excluding cash insurance!
-2BILLION ASSET MANAGEMENT BY YE
-News coming in due course
DYOR not advice.
CHECK LIST
-World class deposit the US GOV and China are after
-Non-dilliutive funds coming through
-Additional £2M coming
-1st Offtake coming
-Then 2nd Offtake
-DFS nearly done
-Only 2% of licence delivering massive resource HUGE upside
Along with many other reasons this deserves a sharp rerate and higher market cap.
Updates coming very soon
The Company continues to actively evaluate and pursue a number of acquisition opportunities and the board looks forward to updating shareholders in due course.
As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).
The Board has adopted new Key Performance Indicators (KPIs) as detailed on page 14 of the 2023 Annual Report, which demonstrated stability following the acquisitions at the end of 2022. The Group's assets under administration and management reached $619 million, a small advance towards the Board's $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements amounted to £2.7 million, reflecting a healthy financial position.
In further positive news, the Company has fully repaid its borrowings and is now debt free.
The Company anticipates no current need for further equity capital as it advances towards its established goal of managing over $2 billion in assets by 2025. Both Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC") and Providence Life Assurance Company Ltd ("PLAC") achieved credit ratings in the past year, positioning these entities as potential financing vehicles for acquisitions, if required. This development marks a substantial leap forward for the Company, bolstering its M&A strategy significantly.
The Company's path forward includes adding to Alpha's core management team in the positions of fund and life insurance marketing. The Company is encouraged by independent feedback in the industry of the life insurance linked wealth management "ecosystem" it has assembled. The updated Alpha website (www.algwplc.com) has also received many compliments regarding how it explains the "ecosystem" the Company is building. The Directors are confident that this recognition will, in due course, translate into increased market value as a wider audience becomes more acquainted with Alpha and its offerings.
The Board draws shareholders' attention to the Audit Report contained in the 2023 Annual Report issued by PKF Littlejohn LLP ("PKF"), which includes a disclaimer of opinion due to PKF being unable to assess the potential impact of IFRS 17 on the accounts. Management's view is that the treatment of all contracts issued by AILAC and PLAC as investment contracts in accordance with IFRS 9 is both consistent with prior years and has no material impact on the reported loss or net assets. Accordingly, the financial statements are consistent with UK adopted International Accounting Standards.
The Company continues to actively evaluate and pursue a number of acquisition opportunities and the board looks forward to updating shareholders in due course.