Member Info for Mambamentality

Bought some as it seems the deal with Demir should become a reality in the short term.
An article by John Conford called my attention back in March. He wrote "Even so, if the preliminary ‘Letter of Intent’ is converted into a deal, investors will compare CGNR’s current £11m market cap (at 34p) with the potential value of what it says could be an 8.8 million ounce gold resource across all the licences to be included".

When he wrote the share price was 34p. At 21p even a better proposition.

https://masterinvestor.co.uk/equities/johns-mining-journal-featuring-xtract-emmerson-and-controy-gold/
CGNR’s current £11m market cap (at 34p) with the potential value of what it says could be an 8.8 million ounce gold resource across all the licences to be included.

AG1989. Thanks for the reply. Looking very promising indeed.

I guess people were expecting a 30% discount. Placing at 6 pence per share is good news. This reminds me of Orosur Mining recently at 13.50p. No one would touch it. Just a couple of trades a day. One set of good results and the share price almost double.

Vox Markets has put a nice resume of the company

In May 2021, Blencowe Resources initiated the second stage of its diamond drilling program at the Orom-Cross Graphite Project which it said would involve drilling 2,200m, or 74 holes.?

The program, which has already commenced at the project in Uganda and is fully funded through the Company’s existing cash resources, is designed to in-fill the recently announced JORC Resource and upgrade substantial tonnes into the Indicated and Measured categories.?

This next phase of development will bring the drill spacing closer together to ensure continuity of both product and grade, as required for mine planning within the PFS that will follow.?

The Company said it?remains “firm believers'' that the battery metals market is only just beginning its massive growth cycle over the next decade. It said it believes this “once-in-a-generation transformation will continue to expand exponentially into the future.”?

In May 2021, analysts at independent broking firm First Equity Limited said they continue to rate Blencowe as a ‘Buy’, with an initial 6-month price target of 21p. Shares in Blencowe Resources were trading 8.00% higher this morning at 6.75p following the announcement.

Good results. Sold this stock because of the political tension in Mali and did not buy back. Big Mistake. How much this company has in the bank? Any risk of placings given the good performance of the share price? Thanks

Fantastic. Glad I Bought yesterday on the dip. Bullish reversal confirmation today.

Let's see how the share price perform tomorrow and Thursday. It has not been good news for the share price following the last three webinars. Anyone know how to send questions?

First equity target price 21p.
https://twitter.com/Share_Talk/status/1414864641319215105

A decent offtake agreement should take the share price to new highs. Given the quality of the product and the update today it should not be long before we get some news in that front. I added more today.

It does not get better than this. All 5 key objectives achieved and offtake agreements should follow.

Blencowe is pleased to announce that all 5 Key Objectives have been met and/or exceeded in this round of testwork, specifically:
Concentrate grades consistently ranged at the top end of the spectrum, between 97-98% TGC.

· Low, or in most cases, no impurities were found within the concentrate.

· Open cycle and locked cycle floatation test produced excellent recoveries between 80-90%.

· Approximately 40% of the end product presents as jumbo/XL/large flakes and 60% as medium/smaller flakes.

· A simple, neat process flow indicates a standard processing facility that can easily be designed and later expanded to meet strong anticipated growth ahead in the demand for graphite.

Primarybid has already closed the fundraiser. I participated but assume I will not get as much stock as I applied for. Looking good for a quick recovery.

Exactly. I cannot find any information on their website.

Given that Asian stocks hit 2-mth lows as fast-spreading Delta variant shatters confidence, I am hoping for a recovery in stocks developing a product to treat COVID.

Asian stocks hit 2-mth lows as fast-spreading Delta variant shatters confidence.

We know that COVID is here to stay and an effective treatment will be needed to work along vaccines. Let's hope we can get some goods in relation to the P2 Trial with foralumab on Severe COVID19 Patients shortly.

One can just dream one would have happened to the share price if the announcement had referred to a prospective area in the Pilbara region of Australia for gold, copper or Silver. I can see the rational for what they are trying to do but Brad may be playing too safe with tin. Clearly not well received announcement by the market, although it is only a non-binding Letter of Intent. Unfortunately, it has taken the focus from ANZA and the momentum at least for today.

Not able to buy again. Good sign.

Very happy with the presentation. Glad to see how confident he is that APTA alone could be in the millions of ounces of gold and that the JV partners should be looking to extend the exploration spending another 4 million dollars.

The exploration now will be more targeted looking for the major thick, high grade shots which were identified which according to him is "where the money is". Thus, one would expect excellent results from those areas.

North of La Cejita seems to be a prime target and cannot wait for them to start work later this year at Guaimarala. The new targets seems to be over the Aragon faults so they seem pretty interesting. He also mentioned far south areas to be negotiated (if I am not wrong) which were owned by Anglo gold.

Base metals still high up to 33% zinc, 4% pb and 2% copper

Currently drilling Map-095 so I guess another 5 holes to report next.

This is early days of exploration. Only 35,000 metres of exploration at ANZA compared to 350,000 m at Buritica.

Plenty of potential and upside in the share price in my opinion.

The Arm chair trader has also highlighted that some pretty significant results were also released for silver which is important. As we know the emerging picture of APTA is as a polymetallic, gold rich, VMS deposit. Turner Pope noted previously that the quite exceptional grades that have already emerged, coupled with potential size plus polymetallic nature, offer scope for both an extended life-of-mine and positive project economics.

https://www.thearmchairtrader.com/orosur-mining-share-price-forecast-lse-omn/

The first phase of drilling has successfully defined significant high grade gold mineralisation at APTA, and this will be gradually expanded with one rig. The next major phase of drilling will be targeted at identifying additional centres of mineralisation along the 20km strike of the Aragon Fault, and other anomalous zones.

It seems there is still plenty to come from APTA. Some had predicted the drilling to stop at APTA after this set of results, but clearly OMI can see much more to come there specially from the identified number of very thick, high-grade, plunging
‘shoots’, . Such shoots are considered highly significant given that they are expected to hold the lion’s share of the gold mineralisation and so represent primary targets for ongoing drilling.

As I said previously the only thing missing for this stock to recover was a good set of results to recover the negative sentiment. With the gold price doing its part, we could see a fast recovery.

Above 18p looking for 28p.
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-alfa-fx-conroy-gold-darktrace-enquest-itaconix-microsaic-oxford-cannabinoid-quadrise-fuels-9722019

Specifically, they have identified a number of very thick, high-grade, plunging
‘shoots’, surrounded by a lower grade halo. Such shoots are considered highly significant given that they are expected to hold the
lion’s share of the gold mineralisation and so represent primary targets for ongoing drilling.

It seems the remaining rig should concentrate at this area now. Let's hope this adds one of the best intercepts to date.

Strike length in excess of 800m and remain open in most directions. Importantly, the nine holes, MAP-083 to MAP-091 have successfully provided the
Board with much greater guidance as to the shape and nature of gold mineralisation at
APTA. Specifically, they have identified a number of very thick, high-grade, plunging
‘shoots’, surrounded by a lower grade halo. Such shoots are considered highly significant given that they are expected to hold the
lion’s share of the gold mineralisation and so represent primary targets for ongoing drilling.

The primary
objective of the Company’s exploration program is, of course, to determine the potential
of the Anzá lease package to host gold mineralisation of scale sufficient for Orosur’s
exploration partners, Newmont and Agnico, to formally commit to year four of the
Exploration Agreement. With an anniversary date of 7 September 2021, the decision
to spend a further US$4 million might be anticipated during the month of August.

Orosur now has limited execution or funding risk

Realistically, Monte Águila will wait for Minera Anzá to complete the planned 9,500m drilling program over nine holes and
then comprehensively analyse the data generated, following which it will likely take a formal decision to move the Exploration
Agreement into its fourth year with a further US$4 million commitment. It does, of course, have an option to secure
operational control of the Anzá Project, but this is seemingly of secondary significance to it at this stage. Of primary importance
for Agnico and Newmont instead is proving potential for a +5 million oz. Au field before investing time and money in drilling
to resource status. In this respect, the Board’s decision to work hard to ensure that the campaign should not be unduly hindered
by the Pandemic most certainly appears to be in shareholders’ best interests, particularly when considering drilling results
reported by Los Cerros Limited (ASX:LCL), whose nearby Quinchia Project in the Mid-Cauca gold belt on 21 January 2021
reported latest drilling from its Tesorito South porphyry target returning its strongest gold intercept ever recorded, including
102m @ 2.11 g/t Au from 28m. This further demonstration of the region’s exceptional prospectivity resulted in Los Cerros’
share price spiking some 50% on the news.

TPI considers an expected positive decision
from Agnico & Newmont later this quarter could add quite considerably to Orosur’s current valuation as well as being a possible
prelude to their seeking operational control some 12 to 18 months thereafter.