Member Info for Mavern

No one’s forcing you to remain invested keyboard you could always stick your £50 in the post office! 🤡

MR has stated in previous interviews that there is considerable offtake interest, it’s more likely to be Blencowe being selective to ensure maximum shareholder value

Cottill, the only poster who supported the Lovehandles “This will never be commercially viable” narrative! lol

So we have the return of Cottill our loansome troll after almost a years absence! He was wrong a year ago and he will certainly be wrong this time! We are now in the most news rich period in the company’s history. Today is a very healthy consolidation after a strong run up, a natural part of the SP re-rating process

I think it’s fair to say we would’ve seen a far more positive SP response to the latest RNS had there not be a global market malaise this week. Hopefully now the markets appear to be settling we will see that value re-rate accelerate

Guitarsolo, sensible suggestion but it’s up to those two to contact MR if they choose to, it’s already crystal clear for the rest of us

There is no evidence whatsoever that the DFC funding will not continue, in fact quite the opposite. In addition MR has clearly stated in his recent VOX interview that he is looking to make further funding “non-dilutive to shareholders”. He has also clearly stated in previous interviews that he will take further funding “as and when it is required and not before” It’s really quite clear for most of us to comprehend, but apparently not all

5toamillion, so you think a market cap of just £15M would be appropriate once we are through DFS, fully financed through to production, strategic partners on board, and have numerous offtake agreements in place?

He’s well aware of all this Computer909 he’s openly stated he’s looking for an entry in the low 3p’s so his comments are, shall we say, tactical. The ironic thing is if you check his posting history on other stocks he’s constantly berating others who mirror his behaviour. This can easily do 100% in a day on financing or partnering news so waiting on the sidelines for a lower entry than the current £11m market cap seems bizarre to say the least

Did you see any positives in the presentation Legalwolf?

Sorry Pic I hadn’t read his post as I now have him on filter, I only saw yours and thought it referred to the DFC $5M grant, but just unfiltered and took a look and see where you’re coming from! Very slack deramping work, can’t even be bothered to read the historical data correctly

It was in an RNS dated 22nd Sep 2023 Pic:

https://www.lse.co.uk/rns/dfc-grant-completed-olf1j2gtfdv1yoa.html

He’s not new Jam, he’s been here a while, solo operator!

Just the exclusivity of supply to the European SAFELOOP consortium alone (targeting 100,000 tonnes) should command a market cap far in excess of the current £11M, huge market pricing disconnect

You really do seem to have a number of ‘concerns’ keyboard, first we had your concerns around synthetic graphite which proved unfounded as it is inferior to Blencowe graphite from both a quality and pricing perspective, then we had your ‘concerns’ that we hadn’t had any drilling results (which were promised in Q1) even though it was only early February. Now we have your ‘concerns’ around offtake agreements where you seem to have conveniently overlooked the European SAFELOOP agreement where Blencowe will have “exclusive access to premium pricing contracts, large-scale offtake commitments of up to 100,000 tonnes annually, and strategic partnerships with tier-one European gigafactories and EV manufacturers”. Not once have you ever mentioned any of the numerous positives we have here, all for a market cap of just £11M, now I wonder why that could be?

MR has recently stated strategy is to make further funding non-dilutive. This morning’s RNS suggests current plan is to keep to this strategy ….

https://www.londonstockexchange.com/news-article/BRES/7-000m-drilling-programme/16899250

Aside of pending news, after a three year small cap’s bear market I’m hoping that falling interest rates will see a return to positive sentiment. As they say a rising tide floats all ships and based on news flow and progress to date this should be far higher than an £11M market cap. As Stockbox’s Alan Green said recently “the valuation compared to its peer group frankly is laughable”

https://www.youtube.com/watch?v=dolrkcKWW98

Keyboardfive - If they’ve stated on 9th Jan that they expect to begin reporting drilling results within the current quarter I’m intrigued as to why you would be getting concerned on hearing nothing as soon as the first week in February? Understandable if they stated they would be reporting within a month but they did say ‘within the first quarter’ ie end of March so not even halfway to that stated target date yet. Also surprised at your concerns over DFC especially with the pending trade war with China which would more likely strengthen ties with the US rather than compromise them

From the graphitehub website:

“Synthetic graphite is much more expensive to produce, double to triple that of natural graphite, making it less practical for widespread use in lower-cost applications.

On the other hand, natural graphite is more affordable and increasingly popular with battery manufacturers, especially for its environmental benefits and scalability”.

In addition Blencowe has a significant USP regarding quality and commercial return as specified in this quote from the 5th Sep RNS which announced the JV with Triessence for the localised benefication facility:

The benefication facility in Uganda producing 99.95% purified graphite for lithium-ion batteries will set Blencowe apart from competitors focused solely on producing graphite concentrate and provides a life-of-mine offtake partner near the Orom-Cross Project, offering significant additional commercial advantages.

This appointment is a huge endorsement around the commercial viability of the asset. Have we finally reached the point where the market is starting to believe?