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+7.8% 0.65 on the ask already. Heading back to 0.8-0.9?
On for another banging week as we run up to the all important news : )
I dont know why Mike doesnt just go with China anyway. Get a fat lump sum to fund the DFS as well as the mine construction, say $90m, in exchange for 25-40% of the company and lets get cracking.
Bidding war
"positive feedback received from end users on blencowe's high-quality 95-97% tgc product with significant interest from established chinese industry groups in progressing offtake arrangements."
great update!
blencowe resources plc
completion of 100t bulk sample underlines high quality graphite product from orom-cross
highlights:
-- blencowe has now successfully completed critical pre-qualification metallurgical test work with 100t bulk sample works concluded in china.
-- commercial scale results continue to confirm that a high-grade, low impurity concentrate (95-97% tgc) can be delivered from orom-cross graphite project in uganda.
-- increased co**** flake percentage of final mix, together with higher recoveries, will increment the overall weighted average selling price of the orom-cross basket of end products.
"positive feedback received from end users on blencowe's high-quality 95-97% tgc product with significant interest from established chinese industry groups in progressing offtake arrangements."
deals incoming!
Can only speculate RB, but the general vibe is that we may see the deal confirmed wk 2 or 3 of Sept, so I would imagine we keep creeping up 2-5% a day until news now. It does feel this is the last extension, and once the deal is confirmed things will start to get real exciting on all fronts.
- mine development
- MRE for Bougouni
- expansion drilling at Bougouni
- exploration drilling st the gold sites
Hopefully we get to 0.7 or 0.8 before news and grt the 1p+ pricetag we deserve before the rest of the news moves us to a whole new level.
Nielle will become the crown jewel in my opinion. The strikes are high grade and very near to surface. Cant wait for the new exploration programme to start!
I tried shorting Prem Tuesday, my broker said there was no borrow available as everyone else had already shorted it ๐
Endless dilution coming and an eventual 0.1p buyout from Canmax on the cards, and thats the best case scenario, Prem may well just delist all together when financial support dries up.
Meanwhile KOD are about to bank $65m to build a Mine, $35m to expand the resource, and $17m to progress two gold deposits to maiden resource (and inevitable JV deals with Hainan)
Think I know where il be staying ๐
Just watched the interview
โJust a few compliance bits to finaliseโ before the deal is concluded. And judging by his body language its very, very close. He looked uncomfortably excited ๐๐ฐ
Looks like KOD will be returning to 0.7+ before the news comes, and I now have 1.45p post news target.
Add in a 30mt+ resource upgrade and il see you all at 2p
My sensible head is saying "stay diversified, be safe", while my primal cortex is saying "throw the F'ing sink at this right now, the F'king lot!"
Bought SOLG at 3p, sold at 4.5p, watched it go to 74p, where's those tears emoji's lmao
Never again, Now I hold Looooooong!
0.51 Paid, could go back to 0.6 or even 0.7 on that update
Im a long term holder, im still up over ยฃ100k even with the pull back, looking to add another 4m shares next week.
Been here 2 years, would be silly not to go all the way.
The deal os about to be announced and a JV on the gold project soon after, sprinkle in an MRE update and commisioning of the mine and il see you at 3-5p
All aboard! ๐ ๐๐๐๐๐
Hello darkness my old friend,
Ive come to speak with you again,
waiting for that RNS,
you promised June but that has come to pass
But the Graphite......... is going nowhere fast, so lets ask,
"oh Mikeeeeeeeeeeeee'y, where's that news?"
Nice to see everyone still getting along : p
Not sure wether to top up now, or wait for an extension RNS and see if I can get them any cheaper. Hmmmm, be greedy, or dont be greedy ๐
Hope, for all we know the funding sign off has been delayed until the Mali Gov clarify their new terms, and once this is disclosed on Wednesday, Hainan sign on the line and transfer funds. So I would suggest the LLL news is very important, in fact im surprised it hasnt been discussed all day here.
Think about it, we cannot finalise the agreement if we dont know the exact details of what % Mali gov get, and what % they have rights to, plus what ore we can and cant ship.
I know not everyone shares my view on this but im confident its whats caused the delay, and fully expect the โfull steam aheadโ RNS either wed-fri this week, or early next week.
Leo Lithium just RNSโd that they will conclude talks with Mali this week and release RNS on Wednesday.
News could be very close ๐๐