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When trying to assess what the share price should be post JORC, then post DFS, then post Financing we should not overlook that the current share price is severely depressed due to the ongoing selling, first by Janganda, then by RAB, and now the flushing through of the 4.5p warrants which still appears to be ongoing. At some point this will cease and the additional volume of the upcoming news events should accelerate that. I think it’s fair to say that the share price today would be significantly higher had that handbrake not been applied so once removed, in addition to the three significant upcoming news events, we can add to that the realisation of fair value. That’s certainly not a £29 million market cap based on progress to date

I can now dummy sell 750,000 shares in a oner, hopefully the overhang is almost done

Https://x.com/blencoweres/status/1988150194639433883/mediaviewer

The good thing about the much higher trading volume in the last week or two is this accelerates the flushing through of the warrants. I could also dummy sell my entire holding from late afternoon for the first time in quite a while. Removal of this handbrake should now enable acceleration of the share price re-rate up to fair value which by the way is nowhere near 8p and just a £29m market cap!

Interesting article on BBC News this morning, as we know this plays right into Blencowe‘s hands and also interesting to note China and the US are facing increased competition on the African continent by countries such as Brazil India and Japan:

https://www.bbc.co.uk/news/articles/cx2yl88wd3lo

I think 99 raises a very good point, the uniqueness of this project has to be a key consideration when assessing financial value metrics. One of the reasons the share price is not higher is that the market is failing to see just how special this is, the purity of the graphite, the ease of extraction with it being at surface, the likely smooth path to finance, the considerable offtake interest to date and Uganda being one of the safest African jurisdictions. Also there’s a reason why the DFC chose this for grant issue amongst all others, they can clearly see it. The market is finally waking up but there’s still some way to go to fair value even prior to JORC upgrade, DFS and project financing

I used to be a big critic of British Bulls but I have to say they’ve called the Empire SP right almost all the way through. They switched from ‘short’ to ‘buy’ yesterday. They’ve been correct on 13 of their last 17 calls:

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=EEE.L

Great post Scott

I really feel for those who are getting taken in by these imbeciles

Duster, as I’ve said before there are many small cap mining explorers who have barely put a spade in the ground with higher valuations than BRES. This is one of the biggest value disconnects in the market. Eventually true value will come through

Ah that’s it still there then, that’s just been left there not updated in years

That was from one analyst about three years ago and has never been updated! I think the share price was about 1p at the time. I just looked for it but doesn’t even appear to be out there anymore. Increasing desperation but keep trying!

All those “concerns “ Scaffman and yet you’re still intending to invest! …. Hmmm, enough said on all sides then I guess

Speaking of SVML here’s an extract from their market update this morning, interesting read as also applies to Blencowe:

“The global graphite supply chain is experiencing fundamental realignment following the U.S. Commerce Department's 17 July 2025 announcement of 93.5% preliminary anti-dumping duties on Chinese graphite imports. Combined with existing tariffs, this creates an effective 160% barrier on Chinese graphite, fundamentally altering the economics for battery manufacturers seeking secure, cost-competitive supply chains. China currently controls approximately 75% of global graphite production and 97% of anode material processing, creating critical supply chain vulnerabilities that major battery manufacturers are now actively addressing”

Rings true as we know from Blencowe’s Apollo Energy Systems announcement last week

F you check Scaffman’s posting history he’s only ever posted negativity around BRES and has openly admitted he’s invested in a competitor and a far inferior one at that, Ecograf. Draw your own conclusions

Oh yes just spotted it in the headline title but in the detail below it does say by December which apparently has also been confirmed by Sasha that it should be before the presentation early Dec:

“Blencowe Resources Plc (LSE: BRES) is pleased to announce the final assay results from its Stage 7 drilling programme at its Orom-Cross graphite project in northern Uganda. These results mark the completion of the infill drilling phase and they provide the last data required to finalise the JORC Resource and Reserve update, which is a key input into the Definitive Feasibility Study (DFS) due for completion by December 2025”

“which is a key input into the Definitive Feasibility Study (DFS) due for completion by December 2025”. … that’s not year end could be 1st Dec

Surely has to and JORC upgrade within two weeks:

https://www.lse.co.uk/rns/northern-syncline-drilling-results-1bw9d4olyczsamy.html

Many posters here are still failing to recognise what makes Empire stand out from your run of the mill exploration discovery, and hence will not necessarily follow normal rules, especially that of their much beloved lassondre curve, which is always one of their favourites:

Sheer scale of the resource 28-32B tonnes

Purity of resource

Ease of accessibility from the weathered cap at surface

Ease of processing and so fast track to production

The above points make this discovery unique as does the ability to raise at a 14% premium to the share price, it speaks volumes for what we have here

Element1 is simply regurgitating the same negative points despite several diligent responses so is either a very poor listener or the information provided does not fit its agenda. My money is on the latter