RE: Blencove - Multi Decade Graphite Development Story11 Jun 2026 19:00
Computer is right about needing financing, without which, the project only exists on paper and it's all hype and hyperbole about it. I understand the point about warrants too, they are deeply frustrating and weighing heavily. But I hesitate to criticise management too much about them, because I don't know what other funding options they had, and it might have been a 'rock and a hard place' choice between giving warrants or stalling the project. Remember, they had to do several raises ever since inception and we all know, from our other juniors, that sometimes the market has been easier to get good placings, and at other times, placings have been brutal. I note here that BRES did manage to get some placings away at 5p for a while, but then after a while, they were not able to sustain this as the market became tougher to raise in.
Without knowing all the facts and realities behind those raises, it's hard to be too critical. Most juniors end up being put over a barrel by so called institutional investors. Let's hope it doesn't happen again!!!
The other thing that I will add, is that we are definitely being impacted by market weakness right now. BRES is performing similar to other shares I am in or which are on my watchlist. So there are 'external' factors at play here and it's not all to do with BRES, warrants, financing, etc, etc. All imo, keep the faith and dyor