Member Info for Goodbody

Any views on MCap post JORC ?

MMs seem happy enough to grab any spare shares. Three of them on the bid, one on the ask.

Look forward to more assay results this week or next.

Not long now GLA

Good to see a major holder buying. They have been holding this position since October so clearly see the value and opportunity.

Three mm’s on the bid, only one on the ask so clearly have some orders to fill.

GLA

So your suggesting that major shareholders only intent is to drive the value of their holdings down!
Hmmmmm

Proposed production 25000t/annum
Estimated $1200/t average sale price based on mix of sizes = £30m revenue/annum
Estimated cost $300/t inc transporting product. = operating cost $7.5m/annum

So some tidy margins!!!
Ability to ramp up production as needed to meet demand.

Plant estimated to cost around 30m.
With the envisaged net profits I can see many funding options/partnerships being available.

If the JORC confirms their estimated then the only thing that people could be missing is the opportunity.

Looking good for a nice rise on open.

Great interview on Vox markets the other day.

https://www.**********.co.uk/media/6022979340dc224b8b88aa0f/?context=/series/daily-podcast/

All these corrected trades are very strange.
Ok one is acceptable but we have had many and all massive.

I suspect someone is loading up big time. expect a TR1 if they are soon. Time will tell

Anyone else think they could break a deal with an end user Once they confirm the Jorc ( for example EV manufacture) partnering to fund the plant sounds like a sensible way forward. Regularly done in the oil and gas.
Given one years production pays back the plant costs it seems like a no brainier for a large EV company to secure the minerals it needs for its batteries.

Once they have the JORC i’m sure they could be discussing some very interesting proposals...

Given the initial area is less than 1% of the play, they wouldn’t even have to worry too much if more than one party was interested!

So much potential! LOL it’s huge!!!

Seems someone likes it. 2.5m shares in one trade after hours!!!
Shook that tree and watched those apples fall!
Huge potential.

Great news.

We’re looking at TGC values double what other peer miners produce!!!

Monster potential.

Well done team.

This is great news. So much potential with graphite and graphene. I think TGR and BRES will be the biggest opportunities On the London stock exchange in 2021; with the EV market heating up and the demand for alternative energy becoming a primary focus across the world.

GLA

Hopefully they will release some assay results soon. From the shareholder meeting they have clearly seen some results and seem confident in the opportunity.... which I think will be huge!

Two very nice statements in the update:

“All indications to date suggest Orom-Cross can deliver a high quality end-product.”

“ Whilst we have achieved a considerable amount during the year, I believe it is important to note that the quality and potential of the Company's core asset at Orom-Cross is clearly not yet reflected in the Company's share price and market capitalisation.”

Huge potential here and it won’t stay at 8p for very much longer in my view.

GLA.

They seem happy to accumulate shares at this level.

Hopefully a nice update soon on assay results

They said they would start releasing assay results to the market to give a flavour of its potential. So these should be released prior to the JORC.
It sounded like they had already seen some results, so maybe soon!

GLA

Interesting!

Will we get an update on the Jorc before???

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.