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I can see this quickly get to those heights once we have an offtake contract in place with a tier one producer and / or we have funding for the full mine (potentially forward selling offtake).
Either way, given the small share float and the appetite to not dilute en mass, this can move quickly up.
A ten bagger from here is 50p or £100m MCAP. Given that NPV is $482m (very conservative, only 2%, low graphite price, no downstream SPG), it’s easy to get at multiples of this figure.
As you say though, if I can see it, others with dealer pockets will be able to see it. We won’t get to mine, but we probably will make a very handsome short term return.
POSCO are just about as big as they come so this is a complete game changer if they can get off take terms. POSCO could probably take everything that BRES can manage, so it’s a big deal.
Not really sure why we aren’t closer to 20p at the moment. We are literally on the cusp. I think one day we will probably bag, maybe on off take terms, may be before. One things for sure though, it won’t be long.
Also wouldn’t be surprised to see someone take us out in the next couple of months. Exciting times. Strong buy
Dear me it’s main market not AIM for starters. Yes a hundred bagger. I’m not saying it’s certain that it will, but it has all the hallmarks of a unicorn. If you look at the projections re: SPG processing, it will dramatically change what is already a very special asset.
Agree. Also, the posts on x seem to indicate that BRES are busy at the moment. Next six months will be very important for BRES. Wouldn’t surprise me at all if BRES gets acquired fairly soon though given how cheap the price is and that it’s being held down here at these levels.
There is a lot of value here yet to be realised (see first equities target price of 73p - which is prior to any downstream in country SPG processing). If they can get the SPG processing sorted, then this goes from a possible ten bagger to a potential hundred bagger.
Picked up 2.5k in daughter’s junior ISA. Come on BRES, tick tock
Also remember First Equity target price of 73p:
https://www.branduk.net/buy-blencowe-resources-bres-with-a-73p-price-target-says-first-equity/
Almost certainly taking with POSCO then:
“ Senior management will visit both China and South Korea over the next few weeks to continue discussions on offtake agreements. Strong interest has been shown to date and Blencowe is confident that this will continue with the ongoing large-scale test work.”
Alan Green
“All of the elements are in place to see a massive re rate of the share price for Blencowe”.
Also makes reference to First Equity’s 73p price target. That’s nearly a 20 bagger from here to get to fair value:
https://youtu.be/Dkoi0GVfmqc?si=eU8qoK7I6DDefFzz
Indeed, and let’s not forget one of the biggest things that BRES has going for it, that the graphite is so close to the surface (and in some cases sticking out of the ground) that the cost of mining the graphite is dirt cheap. This has multiple benefits including reducing the cost of extraction and that very little cost is needed to actually get the graphite out of the ground.
Completely agree with low risk / high reward. Only question is, how long will BRES be able to go without being acquired? I personally don’t think we’ll get into production without being bought out. Exciting times
Agree. Assore could simply fill their boots at 19p and then put in a 40-50p offer and that would effectively be the same price as the previous 33p offers that got rejected (in terms of market cap). Would almost certainly get accepted too I expect
Where did you get his email address?
Excellent find 👏.
Think we are due an update tomorrow.
Just wondering at what point do they need to put the bid to shareholders? A hostile takeover is by its nature, hostile. So if they can get 50% plus then they would be able to take over the company without anyone else being involved. So surely Assore are speaking with other shareholders to see if they can get 50% plus and then the company is theirs. Thoughts?
Interesting, and good find. Wonder if we can expect an update of some description prior to the AGM
Yes you are correct, having listened back this morning.
It’s a completely dysfunctional market at the moment and there is going to have to be a change some time soon. BRES could be five times the current share price and still cheap based on potential / what they will deliver when they are actually producing and selling graphite.
As MR said in the interview, BRES should really have a market cap of £50-100m and this won’t just happen at the point they start producing, it will have to change soon.
But this is a problem with other shares too. I hold ALL who recently rejected two bids of 33p when the share price was about 22p. Since then, the share price has dropped to 19p. Mind boggling and I just don’t understand why.
For those that are interested, MR is doing a live interview on Thursday:
https://x.com/themoneysponge/status/1757451451725468111?s=46&t=Wymq-mXXF7iw-0QeZ6wyzA
Is this the link you mean? There is reference to March 2024: https://www.modernghana.com/amp/news/1286298/ratification-of-the-ewoyaa-lithium-deal-by-hon.html.
Good find. MR suggested that the 600 tonne sample coming back would lead to off take agreements. They already have over 100 tonnes of sample so to me it suggests that they are engaging with some tier one companies re: some material off take contracts.
I think MR previously mentioned POSCO (Korea) and that they could take all of BRES supply and still need more. The market never really got excited about that, but talk about game changers. That news would multi bag the share price in a day, because it would likely come with funding or strategic investment attached.
Thanks for the upload. Agree with the video that ALL isn’t fully understood and that the potential here is very good. Double sp from here in the short term should hopefully not be an issue even without the Assore bid.