Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
That’s true musicman
The other thought is that the Investor Relations side of the business need to get their act together. Mike is doing all the hard work but the IR team and brokers doing eff all to attract any new interest of any note.
CleverThoughts
I don’t think it is market related. There is a pesky seller on any uptick. That seller is obviously a forced seller. I mean really ? Why would you own all that stock, all the good stuff happens and you sell all a loss !
Nice idea gdog but you have assumed the management team care about anyone else part from themselves. Sadly, that is a mistake and can be verified by looking at the price chart for two years which will demonstrate their interest in shareholder returns.
For me there has to be a forced seller out there....probably a fund redemption. Any strength is sold into. Looking at the size and frequency, it has to be that. At least, that is what I think.
Oh well, patience needed and a good opportunity to top up as project risk diminishes and opportunity increases.
Have a listen starting at 5 min 20 sec. Am not a TA guy particularly but I do use it to consider entry points if I like the stock long term so don't shoot the messenger ! https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-friday-22nd-september-2023/
Great points Goodbody. Sometimes one can't see the wood for the trees and I for one have failed to see the enormity of what you have summarised. I am fully loaded on BRES at the moment but will keep adding on any further weakness for the long term.
This price action (plus 50% before a slow grind to plus 15%) suggests to me a small placing is already done i.e. to match DFC and for general liquidity. It feels very leaky with some people already knowing a placing is happening. I may well be wrong but if I'm not, let's hope it a small raise of a couple of million and at a decent level around 5p or above.
Typical UK small cap response to a great announcement. It's no wonder our stock market is dying. A lot of investors can't take a view for longer than a month. We just don't have appetite for risk anymore in the UK. It's a shame but companies will go elsewhere in future and that will put the City in a slow but steady downward spiral.
This is the prize for the extreme greed of the board…annoyed PIs, no institutional buyers and automated short selling. Good job guys. Serves them right. Given this has happened a few times I ask myself if they are stupid, ignorant or just plain greedy. Or perhaps all three.
Actually, it’s on their website…
https://blencoweresourcesplc.com/2023/08/14/confirmation-of-commercial-scaled-production-ability-from-ongoing-studies-in-china/
Highlights:
Blencowe has successfully completed a critical component of the Definitive Feasibility Study (“DFS”), with the successful scaled commercialisation of the flowsheet within the bulk sample processing at Chinese pilot plant graphite production facility.
Results continue to highlight a high-grade, low impurity concentrate can be delivered in bulk from Orom-Cross.
Several meetings held with leading Chinese graphite offtake firms seeking both large flake and fines concentrates.
Ugandan mining officials visited China with Blencowe and were shown the process facility in support of the project.
Blencowe now approached for downstream processing opportunities.
Blencowe Resources Plc (“Blencowe” or the “Company”), is pleased to provide an update on the 100 tonne bulk sample processing program currently underway. The work is being completed by a leading graphite technical specialist firm, Jilin New Technology, based in Yanji Province in northern China. This experienced graphite facility has been conducting similar test work on several other leading East African graphite projects over the past few years.
The Company is expecting the bulk sample test program to be completed by the end of August.
Senior Company personnel travelled to China recently to review the progress on the bulk sample processing and broaden relationships in this key market. Accompanying the COO was the Company’s Ugandan Country Manager and a representative of the Ugandan Directorate of Geological Survey and Mines (DGSM), with the express purpose of evaluating the progress of the processing and to demonstrate the full process for the Ugandan Government.
Following a refinement of the Pre-Feasibility Study processing methodology by Wuhan University specialists, Blencowe wished to confirm directly with the pilot plant operators the expected improvements in both overall recovery and concentrate grades and secure early samples for delivery to potential offtake partners, following a marked increase in interest for the projects’ concentrate within China. The 100 tonne pilot plant process is currently nearing completion and to date it is confirming the commercial processing viability of the Orom-Cross ores. The Company also visited operating graphite plants and graphite processing equipment suppliers.
Following the distribution of concentrate samples to potential end users from the IMO test work and Wuhan University 150kg test work, several large downstream offtake processors requested meetings to discuss timing and availability of the high-grade, low impurity concentrates from the Orom-Cross project. The offtake meetings involved firms seeking substantial quantities of both larger flake concentrates and fines feedstock for the SPG processors. Several downstream processing firms have expressed interest in opportunities to explore in-country downstream processing of the Orom-Cross concentrates and Blencowe will consider this within the DFS that is u