Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
The arbitration in relation to the $15m, of which we again claim 50.1%, finished its hearings in July 2022 and awaits formal signature of the Minutes and Acte Transactionnel. The payor in this case holds funds and has committed, through its legal counsel at the arbitration, to pay the funds, retained pending the results of litigation, in accordance with the arbitral judgment. We expect the award, of which we have seen drafts, to be in favour of two parties, Red Rock and VUP.
All time share price was like 70p so really this should be the minimum price paid for the asset. 40p far too low.
Remember will be not only one of the lowest cost producers in the world but also highest output at 365,000.
Resource upside is also very significant.
MyIPA - I have 110,000 and want to add another 90,000 but can't get a quote to buy unless they move the price up!
Rock bottom and no sellers left as you say, but others have taken note of this too!