The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
BRES Could be one of those opportunities people look back on and regret that they kept on the sidelines.
I’m in and staying that way
https://www.cnbc.com/2021/07/16/plans-for-huge-new-gigafactory-in-england-take-shape.html
The last one was actually a buy which was on the bid side of the mid price. MM trickery. My guess is that they have nothing to sell, very sticky stock and there hasn’t been enough selling over the past month that they have a free float. A huge amount of buying has been happening under the radar on this share. If your waiting for a lower entry point still, even after this great news...good luck with that.
They are much closer to getting a off take partner to fund the plant costs with these great results. Dilution does not always have to be a way forward and even if they raise cash, who’s to say it won’t be at a premium to the current SP.
Looking forward to some serious re-rating of this SP
GLA
Big buys
Someone is building a position big time.
Will we get a TR1? Seems unlikely that two separate investors would make identical purchases. We had another 1m share trade the other day that also went unnoticed.
My view, Free floating shares must be drained dry now. Very sticky shares.
GLA
I wonder if they will produce a new research note soon?
Past note was prior to Jorc and we smashed the estimates! Now drilling to increase further.
They proposed an SP of 21p based on 10Mt and we hit 16Mt now looking at higher than 20Mt!
https://blencoweresourcesplc.com/wp-content/uploads/sites/23/2020/11/Blencowe-Update-5-Nov-2020.pdf
Solid update on the finances yesterday. Very controlled spend. Directors took very little in remuneration which shows their commitment to the project success. Great job.
This slow burn with a high potential project could easily result in a multi bagger once the awareness kicks in.
Clearly some stock building going on, including myself!
GLA
Looks like they increased there holdings by just under 4million shares based on their last TR1 and opened up just over 2m of CFD. Totalling 18.75% when added together.
So is this the 4Million the new investor took?
With Banks you typically see nominees in the TR1 to suggest it’s a pool of private investors. This does not feel like that given the size of the %jump. Not enough shares have traded Over past weeks to go from 15% to 18% without other Tr1’s.
This, combined with the broker and director purchases recently feels like something goods coming to me.
I think Mike explains it all very clearly in this interview. Good job, great results, just my view.
https://bit.ly/34d1QFh
Nice interview, lots of news flow to come.
https://m.youtube.com/watch?v=il8J2ZYbIzU&feature=youtu.be
Great results on the metallurgical testing.
We have a commercially viable grade, high quality, low impurities, high recoveries and maintained the jumbo/ larger flakes,
Really sets them up well as it does not require and complex plant.
Great work, great project. Well done team.
Good point, the production would be limited by plant size to 1Mt per year.
If the additional 4Mt is all camp lode at 10-20%TGC and they mine that first for the first 4 years then they will get some excellent revenues and have time to identify other higher graphite content areas. Their current JORC resource is also excellent but starting Production with the highest % graphite material will set them up very well indeed.
A few changes to the formatting of their presentation. The one thing that jumps out is the target of 20Mt which is higher than their previous RNS stating the drilling would only move 10Mt of the existing 16Mt into measured/indicated.
So they are looking to add additional resource as well as redefine the existing.
Given previous analyst rating was based on 8Mt (19p per share) this is in need of a re-rating very soon.
Very exciting.
Wow, 3,000,000 Trade within the bid/ask shows confidence again. That’s 4,000,000 across two trades in last three days. If linked means a TR1 would be due. Buy/sell doesn’t matter, some one is confident to hold those shares at this price.
GLA.
1,000,000 trade today shows some confidence. Given it was at the mid price suggests MMs were involved To facilitate that purchase. Someone loading up.
And why I think that...because if it was a sell the MMs would have never accepted it anywhere near the mid or even at the bid!
This is going to get very exciting in my view.
GLA