Member Info for maverick2471

Rome Resources Shares Rise As The Company Report Further Drill Results

Drilling builds on success of the outstanding MADD10A hole, which intersected significant high-grade mineralisation

https://smallcappix.com/blogdetail?id=35

Https://x.com/smallcappixuk/status/1848390216945426696

MOU5 Well Potential with Helium Bonus

https://smallcappix.com/blogdetail?id=33

This is the correct link ?

https://x.com/i/spaces/1yNxagwDyLrGj/peek

Link to the live space tomorrow

Completion of Bulk test Programme

Detail Around the SPG Partnership

Funding Plans

Other Developments (Mike mentioned on a previous space)

https://x.com/i/spaces/1yNxagwDyLrGj/peek

Discussing how the SPG plans set Blencowe apart from peers

https://spongeshare.com/2024/09/09/blencowe-progress-spg-plans-in-uganda-setting-blencowe-apart-from-other-graphite-miners/

Https://spongeshare.com/2024/09/06/helix-finding-hydrogen-could-have-just-changed-the-game/

#HEX wow

#Helium Discovery

50 and 130x background readings from first two targets

Another target to go

Sealed and trapped system

Gas has already flowed to surface in previous testing

#HE1 10 bagged on 20x background

Https://spongeshare.com/2024/08/12/goldstone-further-progress-at-homase-with-ramp-up-plan-to-achieve-1000oz-of-gold-pcm-by-2025/

lse have blanked out g a y in the link lol

"https://youtu.be/zljig5z_rya?si=***uvgxl07xshbwx"

short summary of the projects, investment case and up-coming plan

https://youtu.be/zljig5z_rya?si=***uvgxl07xshbwx

Check out the Management Team who discovered Alphamin's tin deposit

https://spongeshare.com/research/rome-resources-research-note/

Here is the full interview and YouTube link

https://www.youtube.com/watch?v=cDiZT1OWI8o

Lunchtime 12pm

https://x.com/i/spaces/1gqxvNvpkekxB/peek

Q&A at the end

Plenty to be bullish about here

https://spongeshare.com/2024/05/23/trade-idea-is-fusion-at-an-inflection-point-with-its-latest-offerings-including-its-ai-platform-and-contract-wins/

Research note updated factoring in Rudyard project

Interesting peer comparison

https://spongeshare.com/research/helix-exploration-research-note/

Https://spongeshare.com/2024/07/09/graphite-spg-in-focus-and-blencowes-first-mover-vertical-integration-strategy-to-take-advantage/

According to mike the total cost with drilling (optional ) is $11.5m as $1.5m of that is paid to the driller in shares - the DFC quote also included drilling, this is optional bit so DFS = less the drilling costs

Hey Guys

Seen some wild numbers in here so I had a chat with Mike on this

The DFS cost is not $12.5m

The cost will be $9m which is what they need to fund and then there is a further optional drill programme the company want to do to add significant JORC Resource roughly $2.5m but it is as I said optional when they are ready

the maths as I understand is as follows

$1m business had at DFS kickoff plus $0.5m African syndicate Feb and $5M from DFC = $6.5m so a shortfall of c$2m

Mikes own words are we will continue to raise along the way (as and when required which isn't right now) with the right parties "certainly not retail at a big discount"

Mike has said this multiple times and there are multiple parties who can fill the gap as and when BRES choose according to Mike and I recon this is because he thinks the SP is silly cheap and will likely do it higher

The drilling would only be $1.5m as the driller will accept BRES shares with a lock-in and again this is when BRES wish to do it

Lastly Mike has confirmed and (has on interviews) they are talking to multiple strategic parties - any of which could easily fill the $2m but Mike wants to onboard those at the right time and limit dilution

I hope this helps - I hold a decent amount of shares hence why I can get to chat to Mike - he's conscious of mis-information and sees the BB's !

Any questions I can certainly forward them!

Spoke to CEO this morning

Regarding the prospectus it'll come when required, the fund who are going to invest are completing DD and Blencowe will bring them in when they and Blencowe are ready - this is the only need for the prospectus as it brings them in over a certain threshold. Mike also wants them at the right price ie higher.

Mike says he doesn't understand why the market is dwelling on this right now as they have plenty of cash and have another tranche coming from DFC shortly (I should imagine on completion of test work milestone)

The MM's have played this today clearly as they still won't let you buy any meaningful amount sub 5p!