Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
I have absolutely zero confidence in the current management to deliver anything at all. Our best hope is for EVM or Jason Cropper to replace them. Also did we ever get that $500k from Bezant?
Sentiment is clearly changing and good to see a higher base forming ahead of the next news. Hopefully it will drive higher from here now.
Closing back above the key 4p level is also very positive. Buyers back in control, likely to kick on higher.
Yes a rising share price on higher volume is always good to see. A number of potential catalysts.
I could be wrong but I seem to recall the team average about 30m per day. They started on the 2nd so if they drill 6 days a week assuming no issues then around 300-350m. The target is 525-575m I believe.
Initial targets for me on the upside are 1.7p and then 2.5p. Fingers crossed on this drill.
How are we supposed to vote on them if they're not presenting them in advance??
Yes a disgrace for a main market listed company. Is this even legal? Looks nothing like the company I originally invested in.
If we believe what they said on the call they don't want to take control unless things go really awry with management. They've essentially taken a punt much like the rest of us, just with slightly deeper pockets.
Yes other companies should take note - just suspend your shares through the bear market!
Useful conference call today. Listening to the FD it's almost like they're treating this as a VC style punt and will try to avoid interfering with operations unless they feel things have really gone off track.
Am I imagining it or were we told there would be a Q&A with Ben and Purebond tomorrow?
I remain an optimistic holder here over the longer term but have to admit it's really tough seeing how severely the market has punished the delays from the highs just a couple of months ago. The sell off from 4p yesterday makes total sense from a technical level and not anything fundamental. Nonetheless a long grind back up from here now.
Thanks Antelope. Glossy presentation but as management doesn't communicate with us we can only assume EVM's appointments have achieved very little towards this objective.
Unfortunately we're all left guessing due to the abysmal comms. I know the new management really stuck the knife into Churchouse and we don't know the full story but at least the comms was frequent and thorough. I miss the 'on the ground' progress photos that used to flood their twitter, I really felt the company had direction.
Could it be a royalty perhaps?
28th April yes.
Yes I think yesterday was the most negativity I've seen and a lot of investors/traders take notice of this board yet the share price held its key support and back up a bit this morning. Good signs.
Continues to increase his holding. No idea what he's up to but he seems to have run a successful business in the past and to be honest at this point I would have more faith in him and whatever direction he wants to steer this than the current management.
Objectively speaking if we close in the 3's then the chart's a bit of a horror show. Conversely if 4p holds which is well supported then right now represents just about the very best opportunity to buy and if progress now proceeds as planned in the paradox then we probably won't ever be back here.