Member Info for Merchantbanker

For those that are expecting a quick cheap sale on the DFS, this appointment suggests otherwise. A fully funded scaled up project is worth several times that of an unfinanced DFS. Warrants can provide any working capital in the meantime.

It's not necessarily about the size of the jorc resource. This just means more money spent drilling. No point having 200mt if you cant sell it. BRES have estimated 2bnmt, but there's no point drilling more at this stage.

50-100mt gives then enough to deliver a significant portion of the forecast increase in demand. It's about making sure they get offtakes for what they produce, and reaching those premium price markets with SPG and other higher grade products rather than just selling concentrate in bulk at low margins.

The key thing is we still own 100%. Had we brought a project level partner in earlier it would be more difficult to be open to offers. So these dilutions will be worth it in the end.

This will be one of the most sought after graphite projects being of the highest quality and scale and most importantly a tier 1 project outside of China.

I am looking forward to seeing how this plays out and i will retain about 80% of my holding for the end game.

Its not the assays alone, not the JORC alone, not the DFS alone, not the offtakes alone, not the funding alone, not the trade tariffs alone, not the US gov interest alone, nor the UK interest, nor the EU interest, nor the SPG strategy, nor the Safeloop offtake nor the other premium pricing sales channels.

All these things are coming together to deliver a significantly commercial, globally strategic project with that can be as big as it needs to be.

This simply cannot stay at this lowly valuation.

Added another £5k above my average for the same reasons. Very happy with my holding, 3 years in the building. JORC, DFS, and funding will be enormous. Already undervalued. Can see this starting to make the move we have been waiting for.

I think it's quite simple.... you want money, you can have money, here are the terms, take it or leave it. That's how our capital markets work.

I suspect that the company think it's worthwhile doing this at this stage. When they have £1.5m available from 4.5p warrants with a JORC and a DFS coming up, i can only think something bigger was pressing and they just had to deal with this now. It does seem they are already thinking about the exit strategy.

Agree Paul… its more a reflection of the state of our capital markets for small caps raising funds than anything. Broker warrants are tiny. RAB have certainly got themselves in a great position

Clearly some urgency in getting this resolved seeing as there's £1.5m 4.5p warrants.

Just trying to find some information on funding available. Looks like this aligns with MRs comments. With UK funding, US Gov, European interests, AFC. It opens up more non dilutive funding which means retaining more equity.

https://www.ukexportfinance.gov.uk/products-and-services/critical-minerals-supply-finance/

So $22m of revenue over a 5 year period. Nice

These premium sales channels will be highly profitable

There is enough information out there on this. Geologists estimate 2-3 billion tonnes.

Other companies may have a larger JORC resource, but they also have likely burnt through $50-$100m + to get there. There is no point in this because they are only limited to what can be sold.

But it's the quality of the graphite that makes Orom cross stand out as much as the scale. They are not just trying to publish impressive numbers to boast about what they have. The interest of US government, AFC, Asia, Europe and Safeloop and existing offtakers. It's what others say about your product and not just about what numbers you can put on paper. Orom cross is unique in the way this is being positioned as an asset of global significance for a critical mineral.

Blencowe are delivering a world class asset on $20m, $5m of which is non dilutive, that has attracted global interest because of the quality and characteristics of the project. Go and have a look at the balance sheets of some of the existing players and see how much capital they have burnt through. Blencowe could drill more and have a larger JORC resource, but it would be slowing things down and burning through capital unnecessarily. They will add to the resource when they need to and for now they will have more than enough to deliver a very impressive DFS.

Blencowe claim to have a project better than Syrah Resources (and anything else globally) - Although some way to go to get to production - you could buy BRES mcap 4 times over for what Syrah has increased in value in the last 2 days!

Graphite one up 48% in a week.

https://uk.finance.yahoo.com/quote/GPHOF/

Northern graphite up 28% in a week

https://uk.finance.yahoo.com/quote/NGC.V/

Friday certain graphite producers were up 15-26% on tariff news. Further gains today with Syrah up another 17%. Novonix up 18% today, 67% in a week.

A great time for Bres to be about to deliver DFS, but also the value gap is increasing even further here as it continues to be undervalued.

https://www.ft.com/content/d76f744c-cc19-4aaf-9aa5-69c7b92e2cc4

There's growing signs that it is improving. Seeing more EV charging points in more places. More car manufactures offering increased EV ranges. We are still in the early adopters phase at the moment. There will be a wave of adopters coming onboard with EVs ahead of the government deadline, and then of course it will be compulsory. I think the second hand market will be interesting with EVs and whether concerns over battery life will drive more people to pay out for new cars over second hand.

Grants open from Wednesday.

The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to move away from petrol and diesel vehicles.

The discounts will apply to eligible vehicles costing up to £37,000, with the most environmentally friendly vehicles seeing the biggest reductions, the Department for Transport (DfT) said.

Carmakers can apply for funding from Wednesday, with the RAC saying discounted cars should start appearing at dealerships "within weeks".

But some drivers have previously told the BBC that ultimately, the UK needs more charging points to spur people to buy electric vehicles (EVs).

The government has pledged to ban the sale of new fully petrol or diesel cars and vans from 2030.

Under the scheme, discounts will range between £1,500 and £3,750 and buyers will be able to claim a discount at the dealership.

The grants to lower the cost of EVs will be funded through a £650m scheme, and will be available for three years.

There are around 1.3 million electric cars on Britain's roads but currently only around 82,000 public charging points.

At the weekend, Transport Secretary Heidi Alexander said the government would invest £63m to fund EV charging points.

Steve Catlin managing director of Vauxhall told the BBC's Today programme that Vauxhall welcomed the government's action but increasing consumer demand and creating more charging points were two areas that needed action.

In terms of the amount of electric vehicles sold, he said: "The target this year is 28%. At the moment we're running at 21.6% as an industry."

Mr Catlin also highlighted the government's target of going from 82,000 charging points to 300,000 by 2030.

https://www.bbc.co.uk/news/articles/cn5kpkypxp6o

He did not say it was worth £20m! Darren brought up the £20m figure and Mike pointed out that that would be profit from this level having said he doesn't really know what its worth at the moment because theres nothing really to benchmark it against.

Read the text. It says 5 pence

5p not 0.5p

I agree the DFC performance shares were not really communicated transparently. It's not unusual to have such options for Directors and in this case i think the performance criteria is reasonable.

It is 5p not 0.05p. It's a typo.