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Market makers seem very happy to mop up any sellers. Given the placing was over subscribed I’m not surprised.
Big opportunity with the Jorc just around the corner and take a look at TGR to compare.....producing 3000t per year and mark ket cap of £60m. BRES a much bigger opportunity as they plan to start at 25000t pa. Ok, it will take BRES 18months to get to production; but markets are forward looking!!! I’m in both companies but BRES could easy be a multi-bagger very quickly.
GLA
Can’t be long now for the Jorc results..
https://mobile.twitter.com/BlencoweRes/status/1346106009840984064
GLA
For comparison: TGR currently producing 3000 tpa - MCap £60m
BRES plan to start production at 25000tpa and ramp up! MCap £9m......Massive potential here.
“One of our key strategies, when we looked at bringing a project into Blencowe, was to find something of world-class size and scale”
https://mobile.twitter.com/BlencoweRes/status/1348595508953145344
Maiden Jorc Resource to be reported in early Q1 2021
Total play Estimated @ 3billion tonnes....
Approx 1% of total Play will be reported......so target around 30million tonnes and represents 10 years of future mining
Graphite prices: $500-$1600 Per tonne
So that’s $15-$30 billion over 10 years or $1-$3 billion per annum......
MCAP £8m.....lol ????????
Given 1% would take 10years to mine...surely an opportunity to farm out other sections of the play once operating ????????
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
Peer company For comparison ASX:SVM - MCap in excess of £30m post jorc results and now at £80m.
Both companies
2-3Bn tonnes* deposit
Shallow – low cost operations,
Mainly Jumbo-Large flake
Don’t think this is going to wait around for results to come in given how confident they are.
*estimated by company prior to jorc for Blencowe.
Great podcast
Big opportunity. SP could easily raise into the JORC announcement as it comes across as a no-brainer given what they have seen and the size of this monster.
Graphite will become a major trend, With the US currently producing zero! This will be very good for existing companies who are ahead of the game.
This field is so big - 1% of the site could produce the same amount of graphite as some of the major Chinese producers for 10years!! That’s great for the company but what about the other 99% of this monster.....
Just my opinion but could they get the processing facility in place and then farm out other parts of the field!!! Take royalties and let others do some of the hard work in parallel?
Great RNS!
Facebook to sell engage in their store.
Facebook will use engage internally
Facebook have already stated strong growing demand for their oculus device
Future options for further collaboration
Like HTC and vive, another major company having confidence in VRE’s Engage platform
Agreed, the price was dropped on very low volume with a ridiculously wide spread. After a rise on high volume it suggests to me that they are a little low on free float.
Time will tell and any rise would be amplified if they are indeed a little low on supply.
GLA
Reading on advfn I came across this company... seems like the orom-cross is absolutely huge and their first drills are just looking at a fraction of its potential
“ The current drill program is designed to delineate approximately 8 to 10 million tonnes to JORC standard, to provide the initial resource for 10 years of mining, being a rate of ~800Kt per annum input into the plant. The area targeted represents less than 1% of the total Orom-Cross graphite deposit. Not only does this highlight the extraordinary size of the Orom-Cross project, but the potential significant scalability of development in the future.”
Given the belief that it’s mostly large and jumbo, and not even factoring in graphene you looking at $80m revenues per annum with just this 1%, wow WOW!!!
MCap £7m....no wonder I can’t seem to buy much.
I also think the timings are misleading. Their financial Q4 ended September so when they say Jorc our in Q4 I believe they mean calendar, so anytime now I hope ??
GLA
General Meeting will be held at 11 a.m tomorrow.
Once the resolutions have been passed, I would assume they can say more about their plans?
Don’t get fooled by the mm’s... all those 23.40 and 23.30 are buys. They have nothing to sell so trying to buy it down!
For those who may have missed it!
Next event...
https://mobile.twitter.com/AGraylin/status/1268221919632871424
A little bit of selling there but quickly consumed and probably just helped MMs to cover some trades. Already looks to be Starting another leg up!
MCap of 45m, to me it’s still nothing given the potential of the tech and HTC involvement!
Absolutely, and the way HTC are gearing up the promotions and events this could have some way to go! I think the old stock highs mean nothing now, different company in a different world!!!
Trying to Trade this is just giving your hard work and money away!!!
Check out HTC China president new tweet:
Next HTC VIVE event using engage! Brilliant
https://mobile.twitter.com/AGraylin/status/1268221919632871424
Really struggling to buy. Doesn’t seem to be any shares left! Very sticky and with only 9% of the shares in public hands I can see why. HTC will make this company. You only have to consider how happy the HTC China president was to know that this could be very big!!! Game changer!!!
https://mobile.twitter.com/AGraylin/status/1263078400345825281
This could go much higher, HTC are a game changer to me... Many years ago Pixar changed the face of animation. Maybe Engage will changed the face of conferences and events. Small groups will be able to host huge events, promo’s and campaigns around the world at a fraction of the cost!!! A virtual event allows people from all over the world to attend and the opportunities for visually content are endless!!! How much would a jet fighter flyby cost in the real world!!
Amazing, no wonder HTC are all over it!!!
https://m.youtube.com/watch?v=orAOe7P_Mv8
https://engagevr.io/?gclid=EAIaIQobChMI2564ub_g6QIVibbtCh0XbAfgEAAYASAAEgJ6tPD_BwE